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Monday, July 23 2018 4:17:31

Introduction
APC / ATC
CPD-HKIS
CPD by Others
 
Code : 2018115
Event Name : Collective Sale in Hong Kong from an Investment Prospective
CPD Code : Formal Events
Speaker : Sr Reeves Yan, FRICS MHKIS RPS(G)
Executive Director, Colliers International (Hong Kong) Ltd

Reeves has over 13 years real estate experience lined in providing investment brokerage services in acquisition and disposal of commercial, residential and industrial properties as well as development sites. Reeves had concluded sale transactions with over HK$20 billion in value and his clients include major property developers, institutional fund investors, high-net-worth individuals, listed companies as well as financial institutions such as banks and insurance companies.
Event Date : 23/08/2018
Event Time : 7:00 pm - 8:30 pm
CPD Hour(s) : 1.5
Divisional PQSL Hour(s) : 1.5
Venue : Surveyors Learning Centre, Room 1207, 12/F, Wing On Centre, 111 Connaught Road Central, Sheung Wan, Hong Kong
Division : PDD
Closing Date : 16/08/2018
Fee : HK$120 for members; HK$150 for non-members (HK$30 walk-in surcharge on all prices listed)
Priority : PDD members; First-come-first-served
Language : Cantonese supplemented by English
Details :

The scarcity of land supply has been a persisting issue in Hong Kong, with supply generally lagging behind the demand. While Hong Kong’s pool of developers progressively expands beyond the local conglomerates, mid-size and foreign developers are gaining considerable market presence, fueling an intense period of competition and record setting transactions in Hong Kong’s real estate market. With the strong competition in the public land sale market, local property developers are increasingly setting their sights on acquiring old properties for redevelopment value as they get priced out of land auctions.

 

Different from acquiring lands in public sector, engaging in a redevelopment project in private sector by collective sale requires lengthy procedures and does not happen overnight, it takes time in identifying a potential redevelopment site, aligning interest of all owners and carrying out due diligence on title deeds, all of which are complex processes that depend on precarious negotiations. Nonetheless, what is viewed as the most time-consuming, resource-intensive path to a new development project is also deemed as a necessary step in growing one’s footprint in today’s Hong Kong market.

 

The seminar will highlight the recent statistics and case studies of few collective sale projects in Hong Kong. The key success factors for a collective sale to happen will also be discussed.