CPD: What Hong Kong Developers are Thinking: The Concepts and Principles of Development Strategy – 16 June 2024

Posted on: 2024-05-31

What Hong Kong Developers are Thinking?

The objective of this face-to-face professional competence workshop is to enhance participants’ comprehension of concepts and principles of development strategy, particularly in the current economic conditions characterised by property market downturn and significantly higher interest rates compared to that in the previous decade. It will cover essential topics related to development issues that development surveyors should be familiar with, as demonstrated by recent news articles on Hong Kong developers.

CPD Details

Date: Wednesday 19 June 2024
Duration: 2.5 Hours (19:15 – 21:45)
Registration Starts: 18:45
Location: UCEM HK Office
Fee: £25.00 + VAT

Content Outline

• Case studies:
  • Cheung Kong’s Blue Coast project – achieves 20% price reduction compared to similar properties in the vicinity
  • PRC developer slashes prices by 40% and sets the price at $25,000/square foot for its luxury development in Ap Lei Chau
  • URA Shing Tak Street project development rights acquired by Sino Group for over $1.9 billion from the Urban Renewal Authority

• Discussions regarding:
  • Reasons for the 6 Government tendered sites were rejected
  • Risks emerge for small and medium-sized property developers, with 5 out of 10 exhibiting high-risk signals
  • Reasons why the ‘Sai Yee Street Commercial Site’ was sold for only HK$3,103/sq. ft.
  • The unsold flats for the Home Ownership Scheme sales in 2023!
  • Increasing costs of bond issuance impacts the performance of Henderson Land and New World Development significantly.
  • Kowloon Development Company Limited: the selling of its equity interest in Shanghai land to a major shareholder for only $1.39 billion!

Speaker Details

Mr. William Chan
MRICS, MHKIS, Member of AAPM, RPS, MBA, DipProjMan(RICS), PgD, Prof Dip, BSc

Mr. Chan has over 25 years of real estate experience in development, investment, acquisition, land administration and valuation. He has worked for local and PRC property developers, the Hong Kong Government and consultancy firms. When working in property developers, Mr Chan was mainly responsible for international property market, and handling both property development sites and investment properties. He is particularly familiar with Hong Kong and Macao markets, and has extensive experience in valuation of various types of properties under different market situations. He also has over 15 years of experience in delivering professional training at various educational and professional institutions in Hong Kong and Macao.

Mr. Chan, a UCEM Alumni and Associate Fellow, is a member of The Royal Institution of Chartered Surveyors, The Hong Kong Institute of Surveyors and Associação da Avaliação da Propriedade de Macau. He is also a Registered Professional Surveyor (General Practice Division) in Hong Kong. In addition, he has been serving as the Chairman / Assessor in the Assessment of Professional Competence (APC) of RICS and HKIS.

Enrol

Enrol here via Online Academy

UCEM Alumni or Students?

Don’t forget to input your UCEM student/alumni discount code at the checkout to gain 15% discount on the full price fee for this product. Call 2323 9063 to receive the relevant discount coupon codes.