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Video: Thoughts from the Summit – David Brown

Thursday, March 24th, 2011

David Brown, Head of Lease Administration, Asia Pacific

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Posted in Asia Pacific, Economy, General comments, Hong Kong 2011, Lease Accounting | No Comments »

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Is the focus for future growth in Asia moving South?

Wednesday, March 23rd, 2011

Posted by:
David Brown
Head of Lease Administration, Asia Pacific

In this morning’s opening session, How Economic Pressures Shape the Dynamic Society, Dr Jim Walker (Founder and Managing Director of Asianomics) gave us a fascinating look at the potential future economic landscape in Asia Pacific.

We have been feeling a renewed confidence in Asia with the return to business growth in many markets. However, the picture painted by Jim was not quite as rosy as you might expect.

He suggested that the US economy could dip within the next six months. He was also quite downbeat on the forecast for China. On the upside, he was quite bullish in his outlook for South East Asia and had confidence in some of the fundamentals in India.

It will be very interesting to see how this conversation develops over the next two days.

David

Posted in Asia Pacific, Economy, Hong Kong 2011 | No Comments »

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Good things come in threes

Friday, March 26th, 2010

Posted by:
Jeremy Sheldon
Managing Director, Markets Asia Pacific

OK, so yes we have been through a downturn. Many of us have been through downturns before. What can we learn from it to ensure we emerge from the downturn with strength? Here are three key points that I took away from the breakout session:

  1. The downturn has helped CRE raise its profile within many organizations – so use the opportunity to stay in front of the “top table” , continue to play a part in shaping the organisation and thus change managements view of the role of CRE moving forward
  2. Optimisation may not necessarily mean cutting cost  – the downturn sharpens the focus on doing things effectively and efficiently, so CRE should capitalize and instill these disciplines into the culture of the company
  3. The intersection between CRE, HR and IT is more important than ever in periods of significant growth or contraction – don’t just think space management, think “change management”

As they say “do not waste a good recession”!!

Jeremy

Watch my podcast from live on-site at the Summit! Are you ready for what comes next?

Posted in Economy, Organizational strategy, Outsourcing, Portfolio strategy, Singapore 2010 | No Comments »

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Japan – balancing contradictions

Thursday, March 25th, 2010

Posted by:
Bruce Davidson
Head of Corporate Solutions, Japan

After spending a day at the Summit, and particularly referencing the opening session where Japan’s economy was mentioned as a potential problem, I have to say that the contradictions between perception and reality when it comes to Japan are startling.

“Japan’s economy is in trouble” – well let me tell you it doesn’t feel like it! Sure the global economy has had an impact, but nearly 130 million people lead a very decent lifestyle. And business in Japan is about to benefit from Asia’s (and particularly China’s) growing economies and their purchasing needs of so many of its products.

Another example -- “change is difficult if not impossible” -- untrue! There are examples everywhere of Japan’s cutting edge technology and innovation, nowhere more so than in its prolific lodging of patents. I filmed a podcast just before Xmas (on a freezing Tokyo day) touching briefly on how this thinking impacts on CREs. Judging by the number of downloads it is a subject dear to many of you!

You can tell I’m positive about Japan. This may not be particularly PC, but I would love to see the political system give Japan a better deal. I’ll keep that topic for another day!

Bruce

Japan -- Corporate Real Estate (CRE): An Expensive Line Item?

Posted in Asia Pacific, Economy, Singapore 2010 | No Comments »

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Observations from Singapore: Plenty of reasons to be bullish on Asia

Wednesday, March 24th, 2010

Posted by:
Tim Venable
Vice President, Knowledge Services, CoreNet Global

This morning’s Opening General Session “Business in Asia: Pause, Play or Fast Forward” was an ideal kickoff for the Singapore Summit and its theme of “Paradox: Balancing Contradictions in an Uncertain World.”

Economist Graeme Maxton was clear in his view about the state of the world economy: “It’s not a pretty picture.” Consumers have too much debt, banks are still in trouble, governments have too much debt, and there’s still too much capacity. “Plus we haven’t seen the bill yet,” he added.

But he was much more optimistic about Asia specifically. One of the major opportunities over the next few years, he said, is that companies all over the US and Europe will be desperate to find growth and maintain their earnings. “A whole new flood of investment will be coming in the next 18 months, and things will be booming in Asia,” he predicted.

Indeed, the Summit’s nearly 400 delegates, a record for the Asia Summit, speak volumes about the region’s vitality and opportunities for both business and corporate real estate.

Tim

Which country do you think will come out of the downturn first?

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