Shaun Brodie’s Post

The social impact of real estate should never be understated. It is all about human beings. Real estates turn strangers into families and colleagues. Without real estates, people cannot feel the warmth and love of each other. At bad economy, there would be drops in their business values, while their social values hold eternally. #realestate #socialimpact Hong Kong Economic Times Knight Frank Greater China

Hong Kong Urban Renewal Authority (URA) has issued a total of $1.5 billion (HKD 12 billion) in 3 senior bonds with 1) HKD 4 billion 3-year 3.35% coupon bond, 2) HKD 5 billion 5-year 3.45% coupon bond, and 3) HKD 3 billion 10-year 3.55% coupon bond. Read - https://lnkd.in/gv4YNnmd follow Caproasia | Driving the future Hong Kong Urban Renewal Authority (URA) has issued a total of $1.5 billion (HKD 12 billion) in 3 senior bonds with 1) HKD 4 billion 3-year 3.35% coupon bond, 2) HKD 5 billion 5-year 3.45% coupon bond, and 3) HKD 3 billion 10-year 3.55% coupon bond. Urban Renewal Authority (21/8/24): “The Urban Renewal Authority (URA) announced today (21 August 2024) the successful pricing of its triple-tranche HK$12 billion senior bonds offering under its US$3 billion Medium Term Note Programme (the Offering). The Offering comprises HK$4 billion 3-year, HK$5 billion 5-year and HK$3 billion 10-year bonds. The proceeds from the Offering will fund its capital expenditure on urban renewal projects and for general corporate purposes.  The Offering is the URA’s debut issuance in the Hong Kong Dollar (HKD) public institutional bond market since 2009. It is one of the largest ever joint HKD bond offerings, and the largest ever 5-year and 10-year HKD tranches in the capital markets of Hong Kong. The yields on these bonds are also the lowest in the HKD public offering market in the past two and a half years.  The Offering was well-received by a diverse group of high-quality local and overseas investors, including banks, asset managers, corporations, insurance companies, hedge funds, central banks, official institutions, family offices and private banks, with a peak combined orderbook of over HK$22.8 billion, representing an oversubscription rate of around 2 times.  The URA appreciates the professional advice from the underwriting team and the support from industry peers, including Bank of China (Hong Kong), Crédit Agricole, HSBC, Standard Chartered, UBS, BNP Paribas, DBS, ICBC (Asia), JP Morgan, Mizuho, ANZ, Bank of Communications, Barclays, Citibank, Deutsche Bank, Merrill Lynch, Morgan Stanley, and Goldman Sachs, which made the bond issuance successful.”

Hong Kong Urban Renewal Authority (URA) has issued a total of $1.5 billion (HKD 12 billion) in 3 senior bonds with 1) HKD 4 billion 3-year 3.35% coupon bond, 2) HKD 5 billion 5-year 3.45% coupon bond, and 3) HKD 3 billion 10-year 3.55% coupon bond. Read - https://lnkd.in/g2pijZvn follow Caproasia | Driving the future Hong Kong Urban Renewal Authority (URA) has issued a total of $1.5 billion (HKD 12 billion) in 3 senior bonds with 1) HKD 4 billion 3-year 3.35% coupon bond, 2) HKD 5 billion 5-year 3.45% coupon bond, and 3) HKD 3 billion 10-year 3.55% coupon bond. Urban Renewal Authority (21/8/24): “The Urban Renewal Authority (URA) announced today (21 August 2024) the successful pricing of its triple-tranche HK$12 billion senior bonds offering under its US$3 billion Medium Term Note Programme (the Offering). The Offering comprises HK$4 billion 3-year, HK$5 billion 5-year and HK$3 billion 10-year bonds. The proceeds from the Offering will fund its capital expenditure on urban renewal projects and for general corporate purposes.  The Offering is the URA’s debut issuance in the Hong Kong Dollar (HKD) public institutional bond market since 2009. It is one of the largest ever joint HKD bond offerings, and the largest ever 5-year and 10-year HKD tranches in the capital markets of Hong Kong. The yields on these bonds are also the lowest in the HKD public offering market in the past two and a half years.  The Offering was well-received by a diverse group of high-quality local and overseas investors, including banks, asset managers, corporations, insurance companies, hedge funds, central banks, official institutions, family offices and private banks, with a peak combined orderbook of over HK$22.8 billion, representing an oversubscription rate of around 2 times.  The URA appreciates the professional advice from the underwriting team and the support from industry peers, including Bank of China (Hong Kong), Crédit Agricole, HSBC, Standard Chartered, UBS, BNP Paribas, DBS, ICBC (Asia), JP Morgan, Mizuho, ANZ, Bank of Communications, Barclays, Citibank, Deutsche Bank, Merrill Lynch, Morgan Stanley, and Goldman Sachs, which made the bond issuance successful.”

Living Sector: A Rising Star in Asia Pacific Real Estate While global economic headwinds have dampened interest in traditional commercial real estate sectors, the Asia Pacific living sector has emerged as a resilient investment opportunity. Despite accounting for a smaller share of investment volumes compared to the US and Europe, its fundamentals remain strong, driven by a growing mobile population and affordability challenges in home ownership. This report dives deep into the investment landscape of the Asia Pacific living sector, exploring key markets like Japan, Australia, China, Hong Kong, and Singapore. Discover the latest trends, growth opportunities, and potential challenges in this dynamic asset class. #realestate, #investment, #AsiaPacific, #livingsector, #commercialrealestate

As China's investors drop back, a new cohort is stepping in: China's real estate sector is in a tailspin, and the impacts are being felt beyond the nation's shores, including in Australia. https://bit.ly/4cMC6Aw

Urban Land Institute's Emerging Trends in Real Estate® Asia Pacific 2025: Real Estate Markets Across Asia Pacific on the “Cusp of Revival”

🔴(Part 1 of 2) 🇨🇳 Real estate reforms: What do they mean for China❓ China aims to stabilize its housing market, address long-term urbanization, while rethinking local government finances 27.09.2024 - Update : 27.09.2024 Tuba Ongun 🌐🔗 https://lnkd.in/gbRsJkgp ❇️ Ding Yifan, a senior fellow at the Taihe Institute, said the reforms reflect China's commitment to long-term urbanization while addressing the immediate concerns of market volatility. "The primary objectives of China’s recent real estate reforms focus on long-term urbanization needs, but these measures will also have short-term effects on financial market fluctuations,” Ding explained. The reforms are also aimed at curbing speculation in the real estate market, with the ultimate goal of improving living conditions rather than allowing housing to be treated as a speculative asset, Ding said. Ding further stressed that while real estate had been a significant driver of China’s economic growth, it is unlikely to play the same role in the future. "The real estate sector was pushing China’s economy to the verge of a bubble, so even if these measures of reform can stabilize the market, it cannot be the main driving force of China’s economic growth in the near future," he said. He suggested that future economic growth will need to come from other sectors such as renewable energy, electric vehicles and artificial intelligence. Underlining that the reforms will help stabilize housing prices, especially in large cities and city clusters, Ding said the future of real estate prices in smaller cities will depend on how quickly rural populations move into urban centers. "Whether farmers will move into cities faster or not might be a decisive factor for housing prices in smaller cities," he added. ❇️(Part 2 of 2) 🇨🇳 Real estate reforms: What do they mean for China❓ Tuba Ongun 🌐 .

Hong Kong and mainland China’s real estate markets have been pegged as ‘weak links’ in Asian real estate. But I see this differently. Yes, economic pressures are real, but both markets have shown resilience time and again. From my perspective, current challenges could unlock unique opportunities in sectors like sustainability and digital transformation. Investors and developers should consider a more agile approach, adapting to regulatory shifts and consumer demands for greener, tech-enabled spaces. #Asia #RealEstate #DigitalTransformation

Thank you Stuart McNish for the opportunity to participate in your program Conversations That Matter by Conversations Live with Stuart McNish & have a chat about one of my favourite topics, #housing! I really enjoyed my time on your recent episode: "Real Estate Lessons from Singapore" When it comes to many public policy issues, especially when it comes to the housing crisis, I truly believe people are less interested in policy theory & rhetoric, & are far more interested in actual outcomes & how policy decisions (or indecision) impact their day to day lives. That is where Singapore's housing system really shines — it is built on the philosophy that housing is core infrastructure. As such, the government's Housing Development Board (HDB) develops 80% of the country's housing stock. Due to the HDB system, 6 million Singaporeans (more than in BC) enjoy high-quality, financially attainable housing on an island of only 728 sq kms (1/4 the land area of Metro Vancouver), with many positives for their society & people - a 90% home ownership rate - virtually no street homelessness - high personal safety & security with negligible rates of crime - more $ to invest in improving economic productivity which leads to - very high average incomes (more than double Canadian per capita income) - a vibrant market economy with - low taxes (highest marginal income tax rate is 24% for incomes of more than S$1 million in yearly income) - world class healthcare - world class education - high retirement income security - $1.4 Trillion in sovereign wealth for only 6 million Singaporeans etc. It has even led to Singapore being listed as the world's latest special Bluezone where people are extra healthy with longer average life spans https://lnkd.in/gTdrvFZT & ultimately becoming the happiest place in all of Asia! https://lnkd.in/g6ZbDn7x I trust that Canadian policy makers, including BC's Premier David Eby & Housing Minister Ravi Kahlon are picking up ideas from successful models like the Singapore HDB housing system to implement in Canada and British Columbia to complement the recently launched "BC Builds" program https://lnkd.in/gTJ8Zd-U (which definitely incorporates some good ideas, but could benefit from a lot more Singapore-style efficiency and speed of execution), because everyone knows that "more of the same", or even incremental improvements in policy will not solve the acute housing crisis in our communities. We need to bring bold, transformative ideas, management & execution to solve the housing crisis. IMHO, bringing the full power & capacity of government to bear is the only way to solve the housing crisis. Fortunately, there are proven public housing models available around the world like Singapore (and others, but Singapore's HDB program is inordinately successful because the government has made it a central pillar of their society) that we can learn from & adapt to fit the conditions in Canada to overcome our existential challenge.

China’s residential property sector was a key driver of economic growth during the 2000s and into the 2010s. Spurred on by post GFC stimulus, urbanisation took off in the 2010s. Credit growth in the sector peaked at about 22% in 2017-18, sparking concerns from the PBOC that China was on the cusp of its own “Minsky Moment”. Deleveraging began, initially through messaging and behind the scenes cajoling; and eventually through the truncation of credit growth. By 2020-21, credit growth in property had come down to <3%. It’s back to a little less than 5%. Reforming the real estate sector while pursuing a large scale rotation of the composition of social capital towards green energy, high tech (including digital) and sophisticated manufacturing, has been a delicate balancing act. In this article, two Senior Fellows from the Taihe Institute, Ding Yifan and Einar Tangen, discuss the latest raft of sector reforms. #china #property