HONG KONG, Dec. 15, 2014 /PRNewswire/ -- Over 900 leading real estate executives from more than 30 countries reacted positively to the high-level discussions on inward and outbound investment in the Asia Pacific which was the central theme of MIPIM Asia, the property leaders' summit in Asia Pacific.
Industry leaders attending a packed MIPIM Asia 2014 "Meet the Chairmen" session, expressed optimism in the market. They included Dr. Justin Chiu, Executive Director of Cheung Kong (Holdings) Limited, Rd. Wilfred Wong, Chairman & Chief Executive Officer of Hsin Chong Construction Group Limited and Chairman of Synergis Holdings Limited, Chew Foo Aunt, Deputy Chairman of Lai Sun Group, Kenneth Gaw, President & Managing Principal of Gaw Capital Partners, and Andrew Weir, Global Chair, Real Estate and Construction of KPMG.
"We are optimistic towards the Asia Pacific market," said Dr. Justin Chiu at the panel discussion, "If the current low interest rate condition prevails, room for drop in property prices is very limited. Yet the market now is more affected by political factors as well. Thus investors need to study and understand the political environment prior to investing."
Kenneth Gaw said: "We expect capital flow will be from Asia Pacific towards European and USA markets in the two years to come as these markets show signs of initial recovery. Yet overall economy will be stable in Asia with major cities still remaining to be the focus for future investment."
Ronnie Chan, Chairman of Hang Lung Properties Limited, said after delivering the opening keynote at MIPIM Asia 2014, "This is the 9th year that I have joined MIPIM Asia where experts and key persons from around the world meet once a year here in Hong Kong to discuss mutually-beneficial matters and business opportunities."
Michael Moir, Director of Property at Hong Kong Jockey Club and also one of the jurors for the MIPIM Asia Awards 2014, commented, "I like the format of MIPIM Asia and the variety of people it gathers here. I am able to meet so many interesting potential partners in just two days. Yet other than the networking opportunity, the summit itself is also very informative and forward-looking. I am totally looking forward to the next MIPIM Asia in 2015."
MIPIM Asia's popular awards saw 33 projects honoured in 11 categories. Among them, 17 awards were won by projects from China, while Singapore projects won 6 awards and Hong Kong projects won 4 awards in total. The Special Jury Award went to the Xi'an Jiaotong-Liverpool University Administration Information Building in Suzhou of China. The winning projects were selected among 128 nominations by an international jury panel headed by Nicholas J. Loup, Chief Executive of Grosvenor Asia Pacific.
Filippo Rean, Director of the Real Estate Division of Reed MIDEM, said: "MIPIM Asia reflected the investment opportunities there are within the Asia Pacific region. There is a clear interest in inward investment and a growing acceptance that local knowledge and local partners are indispensable. At the same time, Asian investors, particularly from China and Hong Kong, are entering the international market. We are proud to announce the 10th MIPIM Asia will take place in Hong Kong on 1st and 2nd December 2015 at Grand Hyatt Hotel. Programme and highlights will be revealed soon on our official website."
For further information on MIPIM Asia, please visit: www.mipim-asia.com.
Notes for editors
Founded in 1963, Reed MIDEM organizer of professional, international markets has become essential platforms for key players in the sectors concerned. This MIPTV, MIPDOC, MIPCOM, and MIPJUNIOR for the television and audio-visual and digital content industries, MIDEM for music professionals, LeWeb Paris for the web industry, MIPIM, MIPIM Asia, UK MIPIM, MIPIM Japan for the real estate industry and MAPIC and Retail Real Estate Market brought by MAPIC in Shanghai for the retail real estate sector.
Reed MIDEM is a division of Reed Exhibitions, the world leader in event organization, with over 500 events in 43 countries. In 2014 Reed brought together over seven million active professionals around the world generating billions of dollars in business. Today Reed events are held throughout the Americas, Europe, the Middle East, Asia Pacific, Africa and organized by 41 offices and agents located. Reed Exhibitions 43 key industrial sectors, through events for professionals and the general public, and is part of Reed Elsevier Group plc, a world leader in the publishing and dissemination of information. www.reedexpo.com
