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News Article | May 15, 2017
Site: www.theguardian.com

Social media frequently appears to be a modern popularity contest, but at least that gives us an indication of the reputations of some of our best-known companies. Take the official Twitter account of the irksome estate agency Foxtons, for instance, which possesses a mighty 400 followers and drones on about the major housing topics de nos jours, such as: “Do you know what it takes to be a landlord?” (we might venture a guess). By comparison, the @AvoidFoxtons account is proving far more popular, but the estate agent will get a chance to get its official message across this week, when it holds its annual meeting. Still, the gathering comes as other irritating hecklers are also shouting from the sidelines. The company’s shares have lost about 30% of their value in the past 12 months, while fresh news from the Royal Institution of Chartered Surveyors (Rics) last week suggested that the UK housing market is continuing to slow down, with falling property sales and “stagnant” buyer demand contributing to one of the most downbeat reports since the financial crash. Oh – and obviously there is also the chance of a row with shareholders over executive pay. So will anybody take any notice of Foxtons’s excuses for its list of current challenges? Possibly – although sympathisers may be less numerous than its collection of Twitter followers. This week, Royal Mail Group is promising to release its annual results – although we’d all be wise to wait and see if it follows through with that pledge. The company is fast developing a reputation for not always sticking exactly to its word. You will recall how there is currently an almighty row between the company and some staff about efforts to wriggle out of a defined benefit pension scheme – which pays out to employees based on years of service with either a career average or final salary. They are nice pensions to have, but are now supposedly unaffordable, unless, as one City wag puts it, scores of workers do the collegiate thing and die more quickly. All of which explains why Royal Mail stopped new staff joining the scheme nine years ago. Anyway, the company is now trying to cut the benefits to its employees who were already enrolled in the scheme, hence the threat of industrial action. As any A-level business student will tell you, pensions are wages deferred and if Royal Mail does not deliver, it’s conceptually no different from cutting salaries. Expect that point to be made with the release of this week’s annual results – assuming Royal Mail doesn’t try to sidestep that too. Just as the concept of state-owned industries is thrust back into the news agenda with the drafting of the Labour manifesto, there comes a potentially symbolic moment when the UK government finally withdraws from one of its most infamous investments. The government’s investment holding company, UKFI, has been selling down its once-43% stake in Lloyds Banking Group for months. We have now got to the point where, we are so insignificant on the share register that dashing boss António Horta-Osório might treat us as he does members of the paparazzi while on a foreign business trip – and not even notice we’re hanging around. Anyway, this week is expected to be the moment when our now 0.25% holding finally goes to zero, so expect crowing by the Conservative party about how Lloyds has been nursed back into the private sector on its watch (and, possibly, Horta-Osório saying he’s off). Apparently we have all made around £500m out of owning a stake in the bank – which sounds quite good, although that might be misleading. Last week the Financial Times worked out that if we had we stuck our £20.3bn stake into Lloyds’ highest-paying instant access account, we’d have scooped £2.9bn in interest.


HONG KONG, CHINA--(Marketwired - May 14, 2017) - The Q1 2017 RICS (Royal Institution of Chartered Surveyors) Hong Kong Commercial Property Monitor revealed that the Occupier Sentiment Index (OSI) rose to minus one in Q1 from minus 11 in the previous quarter, and the Investor Sentiment Index (ISI) rose to nine in Q1 from zero in Q4 2016. In the occupier market, the results show that demand for office space remains robust, but industrial and retail property demand remains flat. The Q1 2017 data shows headline demand in the investment market continued to increase at a modest pace, largely driven by the office segment. Demand for industrial and retail properties was flat. "Rentals and sales in the office market remain buoyant and high demand for prime office space has led to record-high prices," said Mr Frank Wong MRICS, RICS Hong Kong External Affairs and Public Concerns Committee Member. "As for retail, primary markets will suffer a downward adjustment as businesses, such as luxury jewellery and watch retailers, continue to experience a consolidation stage." Capital value forecasts for the next year remained extremely nuanced, with office space expected to outperform other segments in the prime and secondary markets. Office rents are expected to continue to outperform over the next twelve months, with prime space expected to see rents increase 5.6 per cent. Respondents are anticipating a 3.6 per cent and 2.5 per cent pullback in prime and secondary retail rents, respectively. The RICS Hong Kong Commercial Property Monitor is a quarterly sentiment index tracking trends in the commercial property market. It is a leading indicator for global investment and occupier markets. The full report is available at www.rics.org/economics. RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards - bringing confidence to the markets we serve. We accredit 125,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply. We believe that standards underpin effective markets. With up to seventy per cent of the world's wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe. With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all. We are proud of our reputation and work hard to protect it, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.


News Article | May 10, 2017
Site: www.theguardian.com

The UK housing market is continuing to slow down, with falling property sales, “stagnant” buyer demand and general election uncertainty all adding up to one of the most downbeat reports issued by surveyors since the financial crash. In its latest monthly snapshot of the market, the Royal Institution of Chartered Surveyors (Rics) said momentum was “continuing to ebb,” with no sign of change in the near future. Its report is the latest in a series of recent surveys suggesting that the slowdown is getting worse as household budgets continue to be squeezed and affordability pressures bite. It comes days after the Halifax said house prices fell by 0.1% in April, which meant they were nearly £3,000 below their December 2016 peak. Nationwide reported a bigger decline in April – it said prices fell by 0.4%, following a 0.3% drop in March. Some parts of London appear to have been hit particularly hard, with estate agents and developers resorting to offering free cars and other incentives to try to tempt buyers. Rics said its members had reported that sales were slipping slightly following months of flat transactions. A lack of choice for would-be buyers across the UK appears to be one of the major factors putting a dampener on sales: the latest report said there was “an acute shortage of stock,” with the typical number of properties on estate agents’ books hovering close to record lows. New instructions continue to drop, which could make the situation worse: the flow of fresh listings to agents remained negative for the 14th month in a row at a national level, said Rics, though it added that the situation had apparently improved slightly in London. At the same time, enquiries from new buyers remained flat in April and had failed to see any meaningful growth since November 2016. Despite the subdued backdrop, the Rics report said house prices were continuing to rise nationally, with the pace of growth steady over the last five months, though there were regional variations, with central London having been in “negative territory” for 13 months in a row. This finding follows a recent claim from a leading property-finding firm that the once super-heated central London market had turned into a “burnt-out core”. The Rics members surveyed predicted that UK property price inflation would slow during the next three months, but despite this, they were anticipating that all parts of the country would see some growth in prices during the next 12 months. “Anecdotal evidence cites a lack of choice, uncertainty due to the calling of an early election, and the ramifications of stamp duty changes as factors hampering activity,” said the organisation. Simon Rubinsohn, Rics chief economist, added that its data pointed to “a fairly flat summer for both activity and prices. Lack of stock on the market remains a key challenge for the sector”. Separate research issued on Wednesday showed that despite the gloom, homeowners were continuing to keep the faith when it came to property prices in their area. The data from property website Zoopla showed that 87% of British homeowners believed that homes in their region would grow in value over the next six months. It also found there had been a fall in the number of those planning to buy or sell a property. Lawrence Hall, a spokesman for the website, said: “With the upcoming general election, it’s perhaps no surprise that people may be holding out to make a purchase or sale decision until after 8 June.”


News Article | May 15, 2017
Site: www.prnewswire.com

The new Bucharest office represents Avison Young's first office in Romania, 10th office in Europe, 80th office globally, and an additional step in the firm's ongoing aggressive global growth and expansion strategy. Over the past eight and a half years, Avison Young has grown from 11 to, now, 80 offices in 72 markets and from 300 to more than 2,400 real estate professionals in Canada, the U.S., Mexico and Europe. Effective immediately, David Canta becomes Principal of Avison Young's Bucharest operations and Managing Director of the new office. He will focus on overseeing the growth and development of Avison Young's presence in Romania, servicing new and existing clients, and managing the day-to-day operations of the office. Canta was most recently associate director and co-founder of commercial real estate brokerage firm Momentum Consulting in Bucharest. Before that, he was a broker with CBRE in Bucharest. Also joining Avison Young from Momentum Consulting are: Gabriel Munteanu, Director of Valuation and Advisory; Alina Mocanu, Senior Associate; and Emanuel Romanu, Associate. Munteanu will be responsible for commercial real estate advisory and valuation work throughout Romania, while Mocanu and Romanu will focus on office leasing. "The opening in Bucharest represents another milestone in our European expansion strategy," comments Rose. "We are thrilled to be launching our first office in Romania and our 80th location overall. Furthermore, we're delighted to have David Canta, who is a highly regarded commercial real estate professional, guiding our expansion program in Bucharest. He and his team have strong capabilities covering office, industrial and valuation assignments, and their experience and expertise will benefit our clients and company alike as we expand our footprint in the dynamic Bucharest marketplace. We couldn't be more pleased to have David, Gabriel, Alina and Emanuel on board." Rose continues: "We believe that Bucharest is an underserved market, offering great potential for increased local, national and international investment. Bucharest, which has a young, educated workforce, is a gateway to Eastern and Central Europe and aligns well with our other European operations. The new Bucharest office will also enhance our ability to facilitate multi-market transactions on both sides of the Atlantic." Canta specializes in landlord and tenant representation in the office and industrial property sectors, serving corporate clients and institutional landlords. During his career, he has served a wide variety of clients, ranging from landlords of office buildings and logistics space to entrepreneurs and corporations. While developing his practice, he has helped facilitate leasing transactions worth in excess of €100 million on behalf of leading fast-moving commercial goods (FMCG) companies as well as IT, advertising, finance, outsourcing and logistics firms. He has also gained expertise in commercial real estate company management. At Avison Young, Canta will work closely with Hiren Thakar, a Principal of Avison Young and the firm's Senior Vice-President of Corporate Strategy. "We were impressed by David's professional manner in meeting client needs," states Thakar. "A rising young industry leader, he is mature beyond his years and will fit well in our client-centric culture. We are already working on client assignments together. Furthermore, Romania is a stable, rapidly growing EU country that has become a destination for outsourcing and has a growing industrial base. David and his team are experienced in working with international clients and have been successful at completing assignments throughout Romania and Europe. He will continue to expand his team in the very near future here at Avison Young." Effective immediately, Avison Young's new Bucharest office is located in GlobalWorth Plaza at 42 Pipera Road, Sector 2, Floor 2, within Bucharest's new central business district. "On behalf of the team, we are delighted to join the Avison Young family and become part of the world's fastest-growing commercial real estate services firm," says Canta. "Avison Young's entrepreneurial and collaborative culture resonates well with the way we conduct business in Romania. We believe that our clients will be better served by tapping into Avison Young's global resources. I look forward to working with my new colleagues in Europe and across North America." Bucharest is the capital of Romania and its largest city, with a population of more than 2.2 million. The region's strategic sectors include ICT, automotive, aerospace, media and creative, retail, energy and environmental technology. A highly skilled, multicultural workforce makes Romania a very attractive destination for international service and production outsourcing. Several leading international technology companies, such as Oracle, HP, IBM and Microsoft, are located in Bucharest. Romania's post-recession economic stability has had a positive impact on all asset classes, positioning the country as one of the most vibrant commercial real estate markets in the Central and Eastern European region. Today's announcement comes on the heels of Avison Young acquiring Raleigh, NC-based Hunter & Associates, LLC on March 20, 2017, and Rutherford, NJ-based Cresa NJ-North/Central, LLC (CNJ) on March 6, 2017. David Canta David Canta was most recently associate director and co-founder of Bucharest-based Momentum Consulting, a commercial real estate brokerage and valuation services firm specializing in the office and logistics sectors. During his career, Canta has focussed on landlord and tenant representation in the office and industrial property sectors. While developing his practice, he has helped facilitate transactions worth in excess of €100 million on behalf of leading FMCG companies as well as IT, advertising, finance, outsourcing and logistics firms. In addition to serving corporate clients and institutional landlords, Canta has gained expertise in commercial real estate company management. Before co-founding Momentum Consulting in 2015, Canta was a broker with CBRE in Bucharest, where he specialized in office agency leasing (2013-2015). He holds a Bachelor of Business Administration degree from the Griffiths School of Management, where he graduated first in his class. Gabriel Munteanu Gabriel Munteanu is a chartered valuation surveyor and member of the Royal Institution of Chartered Surveyors (RICS). Throughout his 16-year career in the real estate industry, he has held different roles, including head of valuation at Cushman & Wakefield and senior valuation analyst within the Real Estate Advisory Group (REAG) Bucharest office of American Appraisal (currently Duff & Phelps). Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 80 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties. Avison Young's new Bucharest office is located at: GlobalWorth Plaza, 42 Pipera Road, Sector 2, Floor 2, Bucharest Avison Young was a winner of Canada's Best Managed Companies program in 2011 and requalified in 2017 to maintain its status as a Best Managed Gold Standard company Follow Avison Young on Twitter: For industry news, press releases and market reports: www.twitter.com/avisonyoung  For Avison Young listings and deals: www.twitter.com/AYListingsDeals Please click on link to view and download photo of David Canta: http://www.avisonyoung.com/sites/default/files/content-files/Media_Room/Temp/David_Canta.jpg


HONG KONG, CHINA--(Marketwired - May 19, 2017) - More than 300 business leaders and surveying professionals redefined approaches for sustainable growth and prosperity in Hong Kong at the RICS (Royal Institution of Chartered Surveyors) Hong Kong Annual Conference 2017. The event took place today at the Grand Hyatt Hong Kong. As Hong Kong SAR celebrates its 20th anniversary, this year's conference focused on how technologies, regulations and regional connectedness are reshaping opportunities and challenges facing the city and the Asia-Pacific region. RICS gathered local and overseas experts from a range of industries to discuss the driving forces for the real estate and financial sectors, as well as the strategies to seize the growth potential offered by these markets. In the opening address, Guest of Honour Mr. Bernard Charnwut CHAN, GBS, JP, Executive Council Member, Hong Kong SAR Government, said, "For Hong Kong to stay competitive as well as liveable, we must use our land resources optimally and have a sustainable approach to tackle new issues such as conservation of energy, environment and heritage. It is not an overstatement to say the role of surveyors is very critical to Hong Kong's future." Hong Kong's macroeconomic developments and policies were critically reviewed at the conference. The Hon Mrs Regina IP LAU Suk-yee, GBS, JP, Legislative Council Member, Hong Kong SAR Government, reckoned China's Belt and Road Initiative will cement Hong Kong's position as the region's major trade and logistic hub, as well as the launchpad for Chinese companies going overseas. A discussion of the city's strategic land-use and development plan beyond 2030 was led by Mr. Eric MA Siu-cheung, JP, Secretary for Development, Hong Kong SAR Government. "The proposals in the Hong Kong 2030+ plan would invariably bring about a plethora of opportunities for smart and affordable retrofit solutions and low carbon design. What the Government needs are the support and participation from all sectors to build a truly liveable, competitive and sustainable Hong Kong," said Mr. Ma. "This year's conference provides a platform to bounce ideas on how businesses can better capture emerging opportunities and overcome new challenges. I believe Hong Kong and the city's well-trained surveying professionals are best positioned to benefit from this wave by adopting and making reference to the highest professional standards locally and internationally," said Mr. Clement LAU FRICS, Chair of RICS Hong Kong Board. RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards -- bringing confidence to the markets we serve. We accredit 125,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply. We believe that standards underpin effective markets. With up to seventy per cent of the world's wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe. With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all. We are proud of our reputation and work hard to protect it, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.


LONDON, UNITED KINGDOM--(Marketwired - May 24, 2017) -  The landmark collaboration between the International Facility Management Association (IFMA) and the Royal Institution of Chartered Surveyors (RICS) is, for the first time, offering a combined suite of credentials and professional qualifications for facility management (FM) in a single, convenient online platform at www.fm.training. IFMA and RICS first launched the platform in December 2016 as an initial step toward leveraging the combined authority of two of the world's premier built environment professional organizations for the support of FM education and career advancement. IFMA centralized its professional credential training -- the foundational Facility Management Professional™ (FMP®), the targeted Sustainability Facility Professional® (SFP®) and the Facility Management Learning System®, which supports learning for the Certified Facility Manager® (CFM®) certification -- on the platform in early April. Now, RICS has added the final critical piece of the IFMA-RICS suite of credentials and professional qualifications to the platform: the internationally recognized AssocRICS and MRICS professional designations. "The RICS chartered designation symbolizes pre-eminence and professional rigor in all corners of the property and built environment sector, globally," said RICS CEO Sean Tompkins. "Aligning this mark with the FM industry-leading body, IFMA, through the new online platform will strengthen the sector and enhance the role of FMs in all markets around the world." The complete suite of credentials and professional qualifications, available together at fm.training for the first time, creates a clearly defined career path in FM, providing support for professionals at any point in their career -- from entry to advanced. The route to chartered status with the AssocRICS and MRICS qualifications opens doors for FM professionals to take on larger, international-facing roles as strategic leaders with opportunities to stand out in the wider real estate and built environment sectors. The platform also promises game-changing benefits to businesses and organizations through service differentiation, risk mitigation, talent recruitment and retention, and the competitive advantage that is possible through effective strategic FM practices. "For years, industry leaders have trusted IFMA's world-class body of credentials and the outstanding designations available through RICS," said IFMA President and CEO, Tony Keane. "This powerful suite of credentials and professional qualifications pushes FM into a new frontier of unification and integration into the wider build environment universe. Whether you already have a designation from RICS or a credential from IFMA or are just starting out, the online platform offers new and exciting ways to advance your career and benefit the people FM serves." The landmark collaboration between IFMA and RICS is working to advance the global FM community by offering the most comprehensive catalogue of professional development and credentialing. For more on the IFMA-RICS collaboration, please see: www.define.fm. About IFMA IFMA is the world's largest and most widely recognized international association for facility management professionals, supporting over 24,000 members in 104 countries. This diverse membership participates in focused component groups equipped to address their unique situations by region (133 chapters), industry (14 councils) and areas of interest (six communities). Together they manage more than 78 billion square feet of property and annually purchase more than US$526 billion in products and services. Formed in 1980, IFMA certifies professionals in facility management; conducts research; provides educational programs, content and resources; and produces World Workplace, the world's largest series of facility management conferences and expositions. To join and follow IFMA's social media outlets online, visit the association's LinkedIn, Twitter, Facebook, YouTube and Flickr pages. For more information, visit the IFMA press room or www.ifma.org. About RICS RICS is a global professional body. We promote and enforce the highest professional qualification and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards -- bringing confidence to the markets we serve. The work of our professionals creates a safer world: we are proud of our profession's reputation and we guard it fiercely. See Global Media Contacts


Grant
Agency: European Commission | Branch: H2020 | Program: CSA | Phase: EE-19-2014 | Award Amount: 1.57M | Year: 2015

ReValue aims to lead the development of appraisal norms and standards that REcorgnise Energy Efficiency Value in social and private residential real estate. Financing decisions in real estate are often based on formal appraisals of value. Current norms on valuation, such as RICS, recognise Energy Effiency (EE) as a potential source of value, but do not require taking this into account in appraisals, nor provide clear guidance on how to do so. As a result, investors are not provided with the formal basis to invest in or to provide financing (eg through mortgages) for EE components. For a standard renovation of a residential unit, up to 10k Euro in EE could be made bankable if valuation norms and standards would better reflect long term EE value. At EU level, this could potentially unlock 20Bn Euro per year in financing of EE measures. Since 26% of EUs energy is consumed in homes, increasing investment on EE could significantly contribute to H2020 targets. Specific ReValue objectives are: 1 develop and propose a set of norms and policies in the valuation of residential property that recognise EE 2 align valuation techniques with such norms 3 validate the framework in 4 pilot projects across Europe 4 Stimulate uptake of the framework through widely recognised norms and support from key industry stakeholders ReValues consortium is industry-lead, including RICS, one of the globally recognised standardisation bodies, and Savills, a leading valuer, and academic and professional experts in accounting, economics and EE design. Through observer roles, the project collaborates with building owners across Europe, investors and a range of entities that support exploitation and dissemination of project results. In doing so, ReValue will contribute to reaching EE19s expected impact, by aligning valuation norms for optimal levels of investment of energy efficiency, and by increasing trust of investors and financiers in the financial viability of energy efficient measures.


HONG KONG--(BUSINESS WIRE)--RICS (Royal Institution of Chartered Surveyors) kicked off its second International Heritage Conservation Conference today at the premises of The Hong Kong Jockey Club. Officiated by Mr Clement Lau FRICS, Chair of RICS Hong Kong, Mr Wong Kam-sing, GBS, JP, Secretary for the Environment of Hong Kong SAR Government, Mr Winfried Engelbrecht-Bresges, GBS, JP, Chief Executive Officer, The Hong Kong Jockey Club, Mr Chris Brooke FRICS, Senior Vice President of RICS, Prof Daniel Ho FRICS, Chair of Organising Committee, and Mrs Edith Chan, Managing Director of RICS East Asia, the Conference gathered more than 200 industry professionals, business leaders, operators and government representatives to explore the social and economic benefits of built heritage conservation. The Conference brought together leaders involved in planning, policy setting, preservation and the operation of built heritage properties to review revitalisation and adaptive reuse projects. Heritage conservation experts shared insights on planning policies to facilitate future projects in Hong Kong, and analysed adaptive reuse case studies including the former Central Police Station compound (Tai Kwun), Cangdong project in Kaiping, China, and the Crown Wine Cellars in Hong Kong. Participants of four breakout sessions explored conservation and planning policy, adaptive reuse design, economic feasibility, and operating heritage properties. Mr Clement Lau FRICS, Chair of RICS Hong Kong Board, said, “In an era of rapid urbanisation and population growth, where cities face complex redevelopment challenges, heritage conservation and adaptive reuse must be considered as primary solutions – not just alternatives – in the growth and transformation process.” Mr Wong Kam-sing, GBS, JP, Secretary for the Environment of Hong Kong SAR Government, said, “Hong Kong's unique architecture not only enriches its history and development, but also dotted its city landscape and community. For this reason, the government introduced the heritage conservation policy in 2007. In response to the policy, we respect private property ownership and consider cost-effective economic incentives to encourage owners of buildings with heritage value to support the conservation programme.” Following the completion of the Conference, RICS will consolidate the discussions and suggestions made relating to the social and economic benefits of built heritage conservation for reference by built environment professionals. RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve. We accredit 125,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply. We believe that standards underpin effective markets. With up to seventy per cent of the world’s wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe. With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all. We are proud of our reputation and work hard to protect it, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.


HONG KONG--(BUSINESS WIRE)--The Q4 RICS (Royal Institution of Chartered Surveyors) Hong Kong Commercial Property Monitor showed a slowdown in the decline in occupier and investor segments as hypothesised by built environment professionals. The sentiment surrounding retail remained downbeat with sustained weakness, while the office sector experienced a rebound in recent quarters. RICS’ two major headline indicators – the Occupier Sentiment Index (OSI) and the Investor Sentiment Index (ISI) – extrapolated this quarter with a +5 for both indicators. These indicators are constructed by taking the unweighted average of survey respondents’ analyses for three series relating to each market. Demand for office space remains at or near cyclical highs with a forecast for both capital values and rents revising sharply higher from Q3 to Q4. For the office occupier market, anecdotal reports state that mainland Chinese firms are paying above market values for prime office floor place. A 6.3% appreciation on capital values (vs 2.7% in Q3) and a 5.5% increase on prime office space rents (vs 3.2% in Q3) are expected in 2017. “The confidence in prime office space is largely a result of high demand from mainland financial and investment companies that are opening and expanding their offices in Hong Kong”, said Mr Frank Wong MRICS, RICS Hong Kong External Affairs and Public Concerns Committee Member, he added, “Hong Kong offers these companies a more corporate-friendly environment with a close proximity to mainland China.” “Various multinational and foreign financial companies are relocating their offices from Hong Kong Island to Kowloon East. As firms are displaced from prime locations, secondary office space receives a boost in capital value and rent forecast,” Mr Wong said. At a headline level, foreign enquiries remained flat in Q4 and were largely unchanged from Q3. Most contributors (47%) continued to see no change in credit conditions. This metric has been relatively unchanged for the past nine quarters. Interestingly, the US dollar’s appreciation has also increased the premium of Hong Kong dollar assets to foreigners. RICS Hong Kong Commercial Property Monitor is a quarterly sentiment index tracking trends in the commercial property market. It is a leading indicator for global investment and occupier markets. The full report is available at www.rics.org/economics. RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve. We accredit 125,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply. We believe that standards underpin effective markets. With up to seventy per cent of the world’s wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe. With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all. We are proud of our reputation and work hard to protect it, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.


News Article | March 2, 2017
Site: www.businesswire.com

香港--(BUSINESS WIRE)--(美國商業資訊)--皇家特許測量師學會(「Royal Institution of Chartered Surveyors」或簡稱「RICS」) 於今日在假香港賽馬會舉辦第二屆文物保育國際研討會,並由香港特別行政區政府環境局局長黃錦星, JP、皇家特許測量師學會香港區理事會主席劉健民先生、香港賽馬會行政總裁應家柏GBS, JP、皇家特許測量師學會高級副會長蒲敬思先生、籌備委員會主席何志榮教授、皇家特許測量師學會東亞區總裁陳顏文玲女士主持研討會開幕儀式。是次研討會匯集超過200名業界專家、企業領袖、營運者及政府代表共同探討文物建築保育的社會及經濟效益。 業界領導者探討活化及改做再利用上的計劃、政策、保護及營運文物建築案例包括前中區警署建築群 (大館)、廣東開平倉東村及Crown Wine Cellars,同時分享有關規劃政策的見解以推動未來發展計劃。參加者亦會就保留文物的規劃政策、改做再利用上的設計、經濟可行性及營運歷史文物這四個分組會議上作深入探討。 皇家特許測量師學會(RICS)香港區理事會主席劉健民先生表示﹕「在快速城市化及人口增長的時代

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