Jack Tyrrell specializes in Kakaako, Honolulu, Hawaii luxury condo projects.

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Market News: Why Hawaii can expect an infusion of capital from the Asia-Pacific market

Photo courtesy of Pacific Business News

In September 2015, JTC was pleased to attend the Asia-Pacific Real Estate Congress in Honolulu hosted by the International Real Estate Federation (FIABCI). One of the main focuses of the day was why Hawaii is strategically poised to expect an infusion of capital from the Asia-Pacific markets. Pacific Business News' Duane Shimogawa wrote an excellent overview of the talk, given by Steve Williams of Real Capital Analytics, below:

Hawaii is expecting an infusion of global capital from the Asia-Pacific market, and there are several reasons why this phenomenon will happen, according to Steve Williams, executive managing director of Real Capital Analytics.

Williams, who was the keynote speaker at last week’s Asia-Pacific Real Estate Congress in Honolulu, reasoned that in China, an increasingly prosperous middle-class has gradually built a reserve of 30-year savings.

He also noted that the recovery of the North American economy and the strengthening of its currency in the United States and Canada, has helped increase the interest in investments in these areas, including Hawaii.

“Asian investors see the U.S. as a strong and stable market to invest in,” Williams said, noting that in Hawaii, there’s been a nearly 30 percent increase in more cross-border capital being deployed this year compared to last year.

Additionally, he pointed out that transparency is key to markets experiencing that hope to experience an infusion of capital investments.

“The markets with the most transparency, the most data available, are the most attractive to investors,” Williams said.

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.

The conference, which was held in Waikiki from Sept. 10-12, examined the key issues for the real estate profession, including the need to focus on real estate development around active transportation hubs.

Duane Shimogawa covers energy, commercial real estate and development for Pacific Business News.

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2015 Asia Pacific Real Estate Congress Review: Global capital and transit-oriented development

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.

A summary of Friday's program by Duane Shimogawa at Pacific Business News below:

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.

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