For real estate in the U.S. and UK, Asia is a vision of the future.
Having been hit by the coronavirus first, places like China and Hong Kong were among the first to implement quarantine and stay-at-home measures, sometimes as early as January.
Now, those measures have started to have an impact, with the number of new cases dropping to levels where it is now possible for people to slowly begin to leave their homes and resume their daily lives.
On a Bisnow webinar, Hong Kong-based Collin Lau, founder of private equity firm BEI Capital and former global head of real estate for sovereign wealth fund China Investment Corporation, spoke to JLL UK head of capital markets Alistair Meadows about what a real estate market emerging from lockdown looks and feels like. Some long-term trends have persisted. But, as much as it is a cliché, some things will never be the same for how real estate is used and operated.
Here are the key takeaways. You can find the recording here.
People Want To Feel SafeRight now in the markets where BEI operates, like Hong Kong and mainland China, it is not enough to have property that people want or even need to go to: People must feel safe going there. “People are concerned about gathering together in the immediate future,” Lau said.…
Read the full story here.
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