ULI’s Asia Pacific Summit, first offered in 2012, has evolved into the industry’s “must-attend” real estate event in the region, offering a variety of thought leadership sessions on issues affecting the industry and influencing urban growth patterns throughout the Asia Pacific region.
The 2019 summit, held June 11–13 in Shanghai, attracted more than 700 real estate leaders from around the globe. Discussion topics included economic reform in China, waterfront development, climate change and resilience, global capital markets, urban housing, the future of the workplace, and growth in Asia’s emerging markets.
The knowledge-sharing experience included observations on the following:
China’s economic reform: Former ULI Asia Pacific Chairman Vincent Lo, chairman of the Shui On Group, explained that pragmatism and caution have defined China’s 40 years of economic reform, and said that this steady progress is set to continue. Lo, who has been investing in China real estate for more than 30 years, said that the nation’s approach can be summed up by the aphorism “cross the river by feeling the stones.” Watch the video.
Sustainable business practices: Industry leaders said that sustainability is driving some businesses to rethink the wages and taxes they pay as part of their corporate citizenship. “Making a profit and making the world a better place are not incompatible,” said ULI Asia Pacific Chairman Nicholas Brooke, chairman of Professional Property Services Limited. “Designing better real estate and better places is the way to achieve both aims.” Watch the video.
Flexible workspaces: Speaker Bill Lee, senior director for property technology investments and real estate development at Gaw Capital Partners, noted that “data is the foundation” for evolving real estate, allowing developers to build in flexibility and permitting retail landlords to track shoppers. The data are also driving office developers to adapt to new trends, such as a focus on wellness, flexible leasing, and meeting the aspirations of millennial workers.