RICS Welcomes New CE to Develop Long Term Vision for Hong Kong


HONG KONG, March 26, 2012 /PRNewswire-Asia/ -- The Hong Kong Board of the Royal Institution of Chartered Surveyors (RICS) wishes to congratulate Mr C Y Leung in winning the Chief Executive election yesterday. RICS is delighted that a highly respected surveyor and property professional has been recognised in this way, enabling the fundamental importance of property in the Hong Kong economy to be brought centre stage.

As a professional body that upholds public interest, the RICS is delighted that the Chief Executive Elect has pledged in his election platform to develop a long term vision for Hong Kong in particular the need for a healthy land reserve. The vision ought to be orchestrated by a cross-departmental effort that integrate policies related to population growth, housing needs, commercial property demands, industrial revitalization, urban regeneration, attraction of foreign talent and labour, and infrastructural development.  All of which require land to be developed in different parts of Hong Kong in sustainable growth into the future.

RICS, therefore, welcomes the Civil Engineering and Development Department's recent public consultation on Enhancing Land Supply.  In addition, RICS has formed a special task force that will produce a set of urban development recommendations for Kowloon East, which will be submitted to the Development Bureau within the second quarter of this year.  RICS looks forward to working with Mr Leung and his respective government bureaux and departments on formulating policies related to land, property and construction for the betterment of Hong Kong in the short, medium and long term, continuing the constructive engagement that has been established over recent years. 

Mr Kenneth Kwan, Chairman of RICS Hong Kong said, "I am extremely delighted to see a fellow surveyor becoming the next Chief Executive in Hong Kong.  RICS is confident that Mr Leung's knowledge in the land, property and construction will be a great asset for Hong Kong's future development. We look forward to working with him and the Development Bureau on a wide range of issues."

About RICS & RICS Asia

RICS is the world's leading qualification when it comes to professional standards in land, property and construction. In a world where more and more people, governments, banks and commercial organisations demand greater certainty of professional standards and ethics, attaining RICS status is the recognised mark of property professionalism.

Over 100 000 property professionals working in the major established and emerging economies of the world have already recognised the importance of securing RICS status by becoming members.

RICS is an independent professional body that since 1868, has been committed to setting and upholding the highest standards of excellence and integrity -- providing impartial, authoritative advice on key issues affecting businesses and society. RICS is a regulator of both its individual members and firms enabling it to maintain the highest standards and providing the basis for unparalleled client confidence in the sector.

The RICS Asia supports a network of over 11 000 individual professionals across the Asia Pacific region with an objective to help develop the property and construction markets in these countries, by introducing professional standards, best practice and international experience. It promotes RICS and its members as the natural advisors on all property matters. It also ensures that services and career development opportunities are provided to members.

The RICS Asia region covers national associations and local groups locating in Brunei, Malaysia, Singapore, Thailand, The People's Republic of China and the SAR Hong Kong. It also has members working across the region such as Bangladesh, Bhutan, Burma/Myanmar, Cambodia, Indonesia, Japan, Kiribati, Laos PDR, Macao, Mongolia, Nepal, North Korea, South Korea, Taiwan, The Maldives, The Philippines, Timor East and Vietnam. For more information, please visit:

Media enquiry, please contact:

RICS Asia Public Relations Representative
Mr Andy Hung / Mr Timothy Wong
Tel: +852-2372-0090
Fax: +852-2372-0490
Mobile: +852-9254-9250 / +852-6485-3225
Email: /

Source: The Royal Institution of Chartered Surveyors