https://www.scmp.com/rss/280546/feed Edward Farrelly is senior vice president, real estate industry Asia at Marsh en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com As real estate adapts to immense change, it may be pertinent to look back at what has happened, to prepare ourselves for what may come. Real estate owners today, grappling with falling revenues, are under intense pressure to contain costs and budgets have come under extra scrutiny. However, rather than an arbitrary implementation of cost containment plans, property owners are advised to manage the total cost of risk and identify cost savings from a risk management perspective. Within risk... https://www.scmp.com/business/article/3092898/remote-working-increases-need-real-estate-risk-management-counter?utm_source=rss_feed https://www.scmp.com/business/article/3092898/remote-working-increases-need-real-estate-risk-management-counter?utm_source=rss_feed Tue, 14 Jul 2020 04:05:07 +0000 The rapid spread of the novel coronavirus disease is a public health emergency of international concern, for which the human and economic costs could potentially be devastating. It follows a number of significant infectious disease outbreaks that have led to physical and economic losses over the past two decades. Given higher levels of urbanisation, globalisation, mobility and environmental changes, we can expect this trend to continue. From a real estate perspective, the highest risk sectors... https://www.scmp.com/business/article/3052082/covid-19-outbreak-and-implications-hong-kongs-real-estate-sector?utm_source=rss_feed https://www.scmp.com/business/article/3052082/covid-19-outbreak-and-implications-hong-kongs-real-estate-sector?utm_source=rss_feed Tue, 25 Feb 2020 02:30:08 +0000 Recent events in Hong Kong have highlighted risks arising from social unrest. Property owners in affected areas are undoubtedly reviewing their insurance coverage, particularly “SRCC” clauses, relating to strikes, riots and civil commotion. This will generally cover property damage and public liability under these situations. However, insured parties can also be affected by what happens in their immediate surroundings, as businesses around Admiralty can testify. Even with minor damage or a... https://www.scmp.com/property/hong-kong-china/article/3014881/navigating-evolving-risks-real-estate-and-hospitality?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3014881/navigating-evolving-risks-real-estate-and-hospitality?utm_source=rss_feed Tue, 18 Jun 2019 04:00:09 +0000 Major cities compete to attract inward investment, highlighting, among other things, a low tax regime, government incentives, an educated workforce and a favourable business culture, including appropriate built space to carry out commercial activities. In Hong Kong, the office market has expanded as advances in communication technology and infrastructure improvements have made many decentralised locations more accessible and more acceptable. However, despite this structural shift, core areas... https://www.scmp.com/property/hong-kong-china/article/3004103/managing-risk-when-choosing-right-office-location?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3004103/managing-risk-when-choosing-right-office-location?utm_source=rss_feed Tue, 02 Apr 2019 04:00:12 +0000 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. But when one door shuts, another one opens. The Spanish government recently enacted legislation that grants residency to overseas nationals who invest a minimum of €500,000 (HK$5.33 million) in real estate. This has led to a surge in interest and we are already beginning to see small groups of such... https://www.scmp.com/property/international/article/1435055/canada-closes-its-door-spain-puts-out-welcome-mat?utm_source=rss_feed https://www.scmp.com/property/international/article/1435055/canada-closes-its-door-spain-puts-out-welcome-mat?utm_source=rss_feed Tue, 25 Feb 2014 21:24:20 +0000 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. Indeed, levels of net absorption, which measures the change in volume of occupied space, and therefore expansion and contraction, are running at around half the long-term average. This is unsurprising given the economic turbulence. However, despite the lack of movement, vacancy rates continue to trend downwards and are below 3 per cent for the... https://www.scmp.com/property/hong-kong-china/article/1189304/qianhai-potential-investment-alternative-hong-kong?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1189304/qianhai-potential-investment-alternative-hong-kong?utm_source=rss_feed Tue, 12 Mar 2013 16:00:00 +0000 Kai Tak is in the news again, with individuals and organisations debating the pros and cons of dedicating land to housing or a sports hub. Given that developing the space formerly occupied by the old airport is bound to take many years, we may have to become accustomed to articles debating the merits of various uses for the land. But the arguments recently have been unconvincing. Is a sports hub really the best use for expensive land, and is there sufficient demand for such a project? Perhaps... https://www.scmp.com/property/hong-kong-china/article/1073316/wrong-thinking-future-kai-tak?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1073316/wrong-thinking-future-kai-tak?utm_source=rss_feed Tue, 30 Oct 2012 16:00:00 +0000