Within risk management, resilience is a critical component in making a building, and companies, more functional and productive. Actions to improve building resilience makes economic and financial sense.
Real estate companies should implement a two-pronged approach, starting with establishing preparedness strategies and understanding how existing insurance coverage may respond to an epidemic.
Insurance must be viewed within the wider context of enterprise risk management, encompassing risk mitigation measures that reduce the threat to people and property, says Edward Farrelly of Marsh
The available talent pool is playing an important role in regional location decision-making among companies.
Many people from Hong Kong and the mainland may have been dismayed by Canada's decision to terminate a programme that granted residency to those who provided interest-free loans of HK$5.5 million.
Despite signs of increased activity in the office market leading up to the Lunar New Year break, occupier demand in Hong Kong remains rather subdued. However, despite the lack of movement, vacancy rates continue to trend downwards and are below 3 per cent for the market as a whole. Given that office markets worldwide generally require a level of vacancy of 6-8 per cent, the situation obviously remains extremely tight for occupiers.