A pleasure to have May represent the JTC ohana at the FIABCI International Real Estate Federation's Asia-Pacific Real Estate Congress, which ran from Thursday, September 10 through Saturday, September 12. The conference's theme was "Success Across the Pacific- New Development Concepts." Friday's conference day was full of interesting programs reviewing everything from the future of global capital flows to learning about transit-oriented development (TOD) best practices from Tanjong Pagar Centre in Singapore to hearing from the City and County of Honolulu TOD team on the future plans for the island and our Ala Moana/Kakaako area, which has the potential to positively transform Oahu greatly. The real estate sector has a great opportunity to work with all stakeholders to ensure that TOD is done right. In addition to the insightful talks, the conference was also a great time to catch up with old friends, and meeting new.
Hawaii should expect global capital to have a huge impact, and Asia-Pacific regional capital will continue to dominate and be a major force in Europe and the Americas, in both the commercial and residential real estate areas, an executive from the data and analytics giant Real Capital Analytics said at an industry event in Honolulu on Friday.
“There is no shortage of capital in 2015,” said Steve Williams, executive managing director of Real Capital Analytics, who was the keynote speaker at the Asia-Pacific Real Estate Congress, which is being hosted by the FIABCI-USA Chapter.
In the first half of 2015, there were $400 billion in deals done in U.S., including $67 billion in capital coming via the Asia-Pacific region and $201 billion from the Americas, according to Real Capital Analytics data, which tabulated deals over $5 million in this category.
Future trends to look out for in terms of Asia-Pacific region capital: a growing interest in regional/smaller markets, several big funds looking to invest more, including Japan’s government pension fund, and investments stemming from Australia, South Korea and India.
And although there are certain risk factors currently in play, including China’s currency crisis, U.S. politics, Middle East conflicts, oil prices and Central Bank decisions, risk means opportunity, Williams said, noting that careful evaluation is needed to make the right decisions.
The Asia-Pacific Real Estate Congress, which kicked off on Thursday, runs through Saturday at the Hilton Hawaiian Village Waikiki Beach Resort.
The theme of the event is “Success Across the Pacific — New Development Concepts.”
FIABCI, the International Real Estate Federation, has chapters in more than 50 countries and represents every discipline in the industry including brokers, appraisers, consultants, managers and developers, according to its website.