{"id":23969,"date":"2017-07-20T16:45:42","date_gmt":"2017-07-20T09:45:42","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=23969"},"modified":"2024-09-18T14:24:17","modified_gmt":"2024-09-18T07:24:17","slug":"innovations-in%e2%80%afgreater%e2%80%afchinas%e2%80%afproperty%e2%80%afsector%e2%80%afand-related-industries%e2%80%afcan%e2%80%afelevate%e2%80%afthe-market","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/innovations-in%e2%80%afgreater%e2%80%afchinas%e2%80%afproperty%e2%80%afsector%e2%80%afand-related-industries%e2%80%afcan%e2%80%afelevate%e2%80%afthe-market\/","title":{"rendered":"Innovations in\u202fGreater\u202fChina\u2019s\u202fproperty\u202fsector\u202fand related industries\u202fcan\u202felevate\u202fthe market"},"content":{"rendered":"

China has made great strides\u202fto reshape its real estate industry\u202fin\u202fthe past year\u202f<\/span><\/span>\u00a0<\/span><\/p>\n

\"\"
Green\u202fbuilding and\u202fsafe construction\u202fare current priorities\u202fof\u202fthe national government\u2019s\u202flatest policy. Lili.Q\/Shutterstock<\/figcaption><\/figure>\n

HONG KONG, China\u202f\u2013\u202f20\u202fJuly\u202f2017<\/span><\/span><\/p>\n

Investing in Greater China\u2019s dynamic real estate industry could potentially become a rewarding decision in the future, as innovations in the domestic property sector could revitalise the market.<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

\u202f<\/span>According to the 2016 JLL Global Real Estate Transparency Index, top tier Chinese cities have improved their transparency ratings in the past year, with Shanghai and Beijing\u202fboth\u202fdemonstrating significant advancement despite\u202fsoaring\u202fprices.<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

\u202f<\/span>\u201cShanghai, in particular, is becoming\u202fa global financial centre,\u201d\u202fJoe Zhou, head of research for China at Jones Lang LaSalle, told\u202f<\/span>PropertyGuru\u00a0Property Report<\/span><\/a>\u202f<\/span><\/i>in\u202fJune. \u201cAs the rest of the world begins to deal more and more directly with the Mainland rather than negotiate through Hong Kong, Shanghai has grown ever stronger.\u201d\u202f<\/span>\u202f<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

In Beijing, meanwhile, there\u202fis hope that a planned, new international airport in the\u202fDaxing\u202fDistrict would become a gateway for more investors to gamble on the city\u2019s properties\u202famidst the price growth.\u202fA new high-speed project for the city connecting\u202fit to Guangzhou\u202fmay boost investments as interconnection between the cities becomes easier and faster.<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

Beijing\u202falso\u202f<\/span>boasts a rent-to-income ratio of only 27 percent, making it one of the top cities for real estate opportunities<\/span>, based on\u202f<\/span>another study conducted by PwC<\/span><\/a>. In comparison, Shanghai has a 28 percent ratio.<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

Elsewhere, Hong Kong\u202fis commemorating two decades\u202funder Chinese rule after the handover. A<\/span>\u202f<\/span>recent report by CNN Money<\/span><\/a>\u202fsaid that Mainland firms are increasingly\u202fmore\u202fwelcome in the special administrative region. Along with their dominance\u202fcome the rising prices in the commercial and residential segments, with landlords commanding prices higher than those in New York City or London.<\/span>\u202f<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

With a highly competitive domestic real estate sector,\u202fthere is no doubt that\u202fGreater China\u202fis undergoing massive urbanisation.\u202fDevelopers\u202fare producing higher quality and\u202fmore\u202finnovative projects than\u202fbefore\u202fto attract domestic buyers and renters.\u202f<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

One city\u202f, for example, Shenzhen, has been noted for its\u202f<\/span>best value-for-money buys investment properties<\/span><\/a>\u202f<\/span>that cater to its rapidly growing technology and electronics manufacturing sectors.<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

\u202f<\/span>Green\u202fbuilding and\u202f<\/span>safe construction<\/span><\/a>\u202f<\/span>are current priorities\u202fof\u202fthe national government\u2019s\u202flatest policy,\u202fwhich calls\u202ffor half of new construction by 2020 to be green certified buildings\u202fas part of its 13th Five-Year Plan (2016-20). The policy also commits to\u202f<\/span>building more affordable homes<\/span><\/a>\u202fto benefit\u202fmillions.<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

\u202f<\/span>In support\u202fof\u202fthe many positive changes\u202facross\u202fGreater China, developers of these world-class properties will be recognised at the\u202fseventh annual\u202fPropertyGuru\u202fAsia\u202fProperty Awards, a two-night celebration to honour the achievements of the Asian real estate industry that will take\u202fplace on 7 and 8 November 2017 at the Sands Expo and Convention Centre in Singapore.<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

\u202f<\/span>Presented by\u202ftitle sponsor Kohler, the event\u202fis being supported by\u202fco-sponsor Regus; regionally recognised media partners such as\u202fOxford Business Group, Southeast Asia GLOBE, Realestate.com.kh,\u202fand\u00a0PropertyGuru\u00a0Property Report; and official\u202fportal partner PropertyGuru.com.sg.<\/span>\u202f<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

More than 400\u202fsenior industry figures\u202ffrom 17 markets around the region will compete at the prestigious event. Domestic winners from Mainland China, Hong Kong, Macau, India,\u202fSri Lanka, the Maldives, Laos, Mongolia, South Korea and Singapore will be announced on the first night (7 November), while the much-awaited Grand Final will be\u202fheld\u202fon the second night (8 November), featuring main domestic winners from the previous evening, as well as awardees from domestic gala ceremonies held in Cambodia, the Philippines, Vietnam, Myanmar, Malaysia, Thailand and Indonesia.<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

Among this year\u2019s\u202fdomestic\u202fcategories\u202ffor the Greater China markets\u202finclude outstanding condo and housing development in Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong and Macau, as well as outstanding commercial developments and design, and awards for the year\u2019s Best Developer in each jurisdiction (Mainland China, Hong Kong, Macau).<\/span>\u202f<\/span><\/p>\n

All eligible entries\u202ffrom Greater China\u202fwill be assessed fairly and transparently following a strict set of criteria from an independent panel of industry experts led by chairman Paul\u202fTse, president of the Board of Directors of the\u202fMacao Association of Building Contractors and Developers. BDO, the world\u2019s fifth-largest auditing and accountancy firm,\u202fis\u202fthe official supervisors to ensure ethical and credible judging.<\/span>\u202f<\/span>\u00a0<\/span><\/p>\n

Nominations are accepted from the public until 18 August. The list of categories is available here: <\/span>asiapropertyawards.com\/grand-final\/#cn_intro<\/span><\/a>\u202f.<\/span><\/p>\n

The awards gala event will be concurrently held with<\/span>\u202fthe\u202ftwo-day\u202f<\/span>PropertyGuru\u202fAsia\u202fReal Estate Summit<\/span>\u202f<\/span>at the same venue, which will feature more than 20 expert speakers from around the region and\u202fover\u202f100 C-level executives and key senior figures as delegates.<\/span>\u202f<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

China has made great strides\u202fto reshape its real estate industry\u202fin\u202fthe past year\u202f <\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[137,228,638],"class_list":["post-23969","post","type-post","status-publish","format-standard","hentry","category-news","category-property-report","tag-china","tag-innovation","tag-real-estate","news_country-china","news_author-asia-property-awards"],"acf":[],"yoast_head":"\nInnovations in\u202fGreater\u202fChina\u2019s\u202fproperty\u202fsector\u202fand related industries\u202fcan\u202felevate\u202fthe market | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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