Dear Members,

Summer is right around the corner and even though the COVID 19 pandemic is still affecting us, the situation is improving and under control in Hong Kong, and I believe most people are back to work in the office rather than work from home. I hope we all shall continue to remain cautious on personal hygiene and pay attention to social distancing so that the number of new cases will be under control.

On May 5th we had our Cushman & Wakefield Presents Monthly Sharing Luncheon Series in Webinar: “A look at China's Real Estate Market under COVID-19”. The presentation covered the outlook of China's Real Estate Market under the impact of COVID-19, with speakers providing a high level overview of how China could restart economy; how could real estate industries be revitalised and how could the China government help in this uncommon situation. Special thanks to all three speakers, Mr. He Jian Bo, Chairman of the Board Minmetals Land Limited, Dr. Terrance Chan, Chief Executive of Hong Kong And Shanghai Land Capital Limited, and Mr. Sammy Ng, General Manager – Guangzhou of Nan Fung Development (China) Limited for sharing their valuable views to our members.

I will also join a webinar later in May to be organized by RICS, talking about “the Implication of pandemic to commercial and investment markets of the GBA” together with other industry’s professionals. I believe there is a paradigm shift on the business / real estate cycle as well as the perception and the ways people are using various real estate assets going forward after the impact of Covid-19, and I would like to share my views on this interesting topic that may have profound influence to our industry.

Before the Covid-19 vaccine is invented and widely use, please continue to stay safe and be cautious. Take care and hope to see you all in person soon.

Best,

Charles

Dr. Charles Lam
President - CRECCHKI
May 2020

XS
SM
MD
LG