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Market Updates Property Real Estate Knowledge

Power of PropTech! Can Innovation improve Hong Kong Real Estate?| ft. Akina Ho

On our second Insights episode with Hong Kong PropTech Association (HKPTA), we talk to Head of Digital Transformation & Innovation – Akina, who has had extensive experience in Silicon Valley and boasts a track record of having built a successful unicorn in Hong Kong.

She has a very concise roadmap for how the organization and important stakeholders in Hong Kong’s real estate and PropTech spaces can come together to accelerate the growth of technology, and catch up with years of stagnation. According to Akina, there are a few things both PropTech start-ups and big real estate firms can do better.

She suggests start-ups to focus on survival. Go where the money is, instead of stubbornly sticking to a pre-conceived product. She highlights the ability to re-invent and pivot, citing Hyundai’s entry into the US as a prime example of how a company looking to sell one product (consumer motorbikes) capitalised on a completely different opportunity (mountain biking). Meanwhile, real estate companies should dedicate an influential person within the firm to specifically handle startup cases, especially if they want to bypass some of their bureaucractic hurdles. Most start-ups barely last half a year whereas corporate due diligence processes can last up to two years.

While tightening the bolts on either end, Akina herself believes that a platform like HKPTA could be the bridge Hong Kong is looking for. She hopes to add value to all stakeholders (developers, MNCs, start-ups, users, investors) involved by centralizing key business processes, negotiating proof of concepts and essaying the role of a match-maker within Hong Kong, to China or even internationally by shipping Hong Kong solutions overseas.

Akina goes onto explain what a proof of concept is and how it can foster innovation. She also discusses other chokeholds PropTech development faces, and what the future could look like as technology continues to advance rapidly.

Watch the video above to catch one of our densest Insights episodes to date!

▶ About the guest:

Akina Ho is the Head of Digital Transformation & Innovation at Hong Kong PropTech Assocation, with innovation expereince both in Silicon Valley and Hong Kong. The association consists of a team of professionals, experts and entrepreneurs from various industries such as PropTech, media, Real Estate and Finance. Their goal is to create a collaborative ecosystem that brings together property developers, investors, and emerging PropTech startups. They are dedicated to foster communication, drive innovation agenda within the property industry, and encourage technology-enabled solutions to improve lives, businesses, cities, and the environment.

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies. This might be painfully obvious – Please note the following legal conditions: Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity. You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above. No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services. Enjoy!

Categories
Market Updates Property Real Estate Knowledge

PropTech and Hong Kong’s Role in China ft. Rainie Pan

Denzity has been one of the frontrunners in the PropTech space in Hong Kong. We really believe in technology’s power to enhance the industry! That’s why we are very glad to have Hong Kong PropTech Association’s managing director, Rainie on this Insights episode.

According to Rainie, HKPTA as an independent and non-profit organization aims to play a very vital role in Hong Kong and China’s real estate industries. Like Denzity, they recognise the importance that technology can play in the enhancement of the real estate experience, and have been striving to raise awareness and educate various relevant sectors about its power to enhance business operations, integrate solutions and create a better landscape for both local and overseas stakeholders. She also stresses the importance of using PropTech in the fight for environmental protection!
HKPTA mainly aims to build a collaborative ecoysystem bridging property developers and technology solution providers as well as PropTech startups (just like Denzity). Rainie believes that Hong Kong’s unique and historical position as the gateway to China is fundamental to further re-enforcing this ecosystem, proving as a testing ground and bridge for international investors/companies looking to enter into the mainland Chinese market. We further speak to her about today’s PropTech scene, Hong Kong’s speciality and HKPTA’s role locally and in China. Tune in to hear her thoughts in detail!

▶ About the Guest

Rainie Pan is the managing director of Hong Kong PropTech Association (HKPTA). The association consists of a team of professionals, experts and entrepreneurs from various industries such as PropTech, media, Real Estate and Finance. Their goal is to create a collaborative ecosystem that brings together property developers, investors, and emerging PropTech startups. They are dedicated to foster communication, drive innovation agenda within the property industry, and encourage technology-enabled solutions to improve lives, businesses, cities, and the environment.

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual. As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above. ParagraphParagraph

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.

Categories
Market Updates Real Estate Knowledge

United Kingdom | 3 Reasons why UK property is worth to buy

Owning a property is a dream for every Hong Kong person. However, Hong Kong’s property prices have risen a lot and it’s difficult for Hong Kong citizens to have one. Compared with the sky-high prices in Hong Kong, overseas property is becoming a choice. The UK has been a popular choice as we have BNO which is easy to immigrate to the UK.

A good time to enter the market 

According to Knight Frank data, the number of UK exchanges in July 2021 was 21% below the five-year average. Moreover, the nationwide house index decreased from 8.7% to 7.8%. It is believed the UK real estate market took a hit during the pandemic. However, it is good news to investors since the housing prices are at a more reasonable stage. 

Besides, The American Federal Reserve Bank is starting to taper their repurchase of external debt and Q3 non-agricultural employment data happens to be way lower than expected. It can be foreseen that the tapering would be postponed as it is still not the time to release the inflation to the public. It is a great time to purchase assets now before tapering begins again.

“Help To Buy” Policy

The UK government has now added a “Help To Buy” policy to lower the threshold for the first phase of a new building. It also provides a home equity loan of more than 15% (up to 40% in London) to assist any first home buyer aged 18 or above. With a 5% first installment, you can use the policy to buy a new building. This round of policy will last until March 2023 (2022 in Scotland). If Hong Kong people are successfully hired after arriving in the UK, and have established sufficient credit scores and records, this policy can apply for them as well.

A path towards stability

The stock market has always been a volatile location. With previous disasters such as the depression in the 30s or the stock market crash earlier last year. These are all situations that every savvy investor wants to avoid. It is also no secret that real estate is a surefire way to maintain value and keep your money, but the question is how much?

Even though you can ensure that you would not go bankrupt with having property, the benefit also lies in the possibility of making money, thus the name of “investment”. As the rental yields are so high in the UK, it really is a foolproof plan. There are constantly tenets looking to rent and buy, no matter in what financial climate in the United Kingdom. With that you can always turn a profit on top of keeping your assets intact in dire scenarios.

Risk and Reward 

The most important part of investing is to manage risk and return.  The higher the risk of an action, the higher the reward it will bring to justify the investment in it.  And the current low risk and high return make purchasing a property a good investment.

   Whether you buy and sell real estate business for your own use or long-term investment, the UK market can meet your needs.  Like the slow pace of life in Merseyside or the fast pace of central London, there is always a place in the UK for you.

Conclusion

Whether or not you choose the UK as the next place to look for an overseas property, we hope these points help clarify what aspects of a country you should be clear about before investing in property. There is no one size fits all answer. 

Whatever is your preference, Denzity is here to help you make a better decision. Our Portal lists many overseas properties managed by trusted real estate companies all over the world. If there is a place to find your dream home this would be it! Watch out for upcoming videos that will take a deeper dive into the area. 

Disclaimer

Please note all the above stated is opinion only and does not constitute proper investment advice. Denzity is not liable for any investment decisions that result from following the opinions outlined above.

Categories
Market Updates Real Estate Knowledge

Moving to the UK? |Three cities to look at!

If you’re a Hong Konger planning to move there in the pursuit of further education, employment or retirement, you might be very confused about how any of it works. 

That’s why – a few weeks ago, we chatted with CBRE’s Ludo Downey about the UK property scene in 2021. Go here to check out that video! With this episode however, we wanted to zoom out BY A LOT and take a look at 3 English cities you should check out!

These are three expat and investment friendly cities that we will be taking a look at in our video today. 

London

Birmingham

Manchester. 

City One – London

London is broken down into 32 boroughs – 12 Inner London boroughs and 20 Outer London The upside for expats is that London, like Hong Kong, is an international financial hub, boasting job opportunities and a huge diversity of communities and cultures. It already boasts a strong expat population and the urban environment is something very familiar to Hong Kongers. 

An important phrase to remember is “regeneration areas.” Basically, they’re the British version of Hong Kong’s Urban Renewal efforts. One regeneration area is a borough called Hounslow. 

We did a separate video on a development there called Lampton Parkside. If interested, click here to watch it!

City Two – Birmingham

Birmingham connects with a few other cities and towns to form what’s known in the UK as a conurbation –  specifically speaking the West Midlands conurbation or Greater Birmingham.

While it may be smaller than London, it can provide just as many opportunities as the international city. A couple other positives to consider are the lower cost of living compared to London and a centralized location right in the middle of the UK if you like to travel! 

But if you’re someone only looking to invest there, the capital appreciation is obviously going to be lower than a city like London. One important area to look into would be Digbeth, which has seen major changes in the past decade, with old warehouses being turned into modern apartments. 

City Three – Manchester

Manchester lies in the Greater Manchester Built-Up Area, and is possibly the most culturally significant city on this small list.The city also has a strong manufacturing industry that employs 1 out of 10 people in the city, making it a perfect place to settle and grow.

Some key areas to look into would be First Street, Mayfield and Great Jackson Street, which have all been the focus of regeneration and development.

With the efforts of the local government, Manchester has broken out of its previous industrial decline, bringing a lot of value and activity to its property scene. 

In Conclusion

I hope this video has made looking into the UK a bit easier for you, but do watch out for upcoming videos that will take a deeper dive into the area. 

Categories
Market Updates

How much do you need to make to afford a flat in Hong Kong?

Hong Kong is well known for its exorbitant housing prices. Afterall, it’s been the world’s most unaffordable city for 11 consecutive years.

Demographia, an international public policy advisory agency, shows that in order to afford a house in Hong Kong, citizens need to work 20.9 years consecutively without drinking or eating (note that inflation isn’t even considered in this research). To buy a home, most people need to rely on mortgages, which makes housing more “reachable” for Hong Kong residents.

So here’s a question – how much income does someone in Hong Kong need to afford a flat?

Unfortunately, talking about houses involves looking at statistics and crunching some numbers. It’s a task most Hong Kongers need to face, and we’re here to help.

To answer the question, let’s exclude inflation and any changes in interest rates or income.

The median income of the average employee in Hong Kong is 27, 600 HKD per month. For higher income professionals, the median income lies around 41, 300 HKD per month .For flats under 8 million HKD,  it is currently possible to take out a loan of up to 90% of the total cost. But this optimum coverage comes with some requirements:

  1. This needs to be your first flat purchase 
  2. You need to have a stable income
  3. The payment every month for the loan needs to be <45% of your total income 

The current average interest rate for house loans is approximately 3% when we round up to the nearest whole digit. 

If a flat that is worth 8 million is purchased, we can estimate that about 20, 000 HKD would be required to pay for the loan – interest rate included. Referring to requirement (3) above, in order to get a 90% loan, the amount you pay for the loan per month needs to be less than 45% of your monthly income. So, you need an income of at least 44, 000 HKD per month in order to afford a 8 million dollar flat in Hong Kong. This figure comes in above the median income of both regular workers and professional workers.

Let’s go a step further and do some basic math to find out what type of housing you can afford if you are making median income. If you are an average Hong Kong worker, the most you can afford to pay for a mortgage is 12.4 thousand HKD per month. Excluding interest rate, houses that you can afford need to be less than 4.5 million HKD.

As our small analysis above concludes, it is difficult for most Hong Kong citizens to make the decision to buy a flat when they are below the median income, as a flat that’s worth 4.5 million isn’t that much bigger than public housing provided by the Hong Kong government. It’s painfully obvious why high property prices are a social issue of such contention in Hong Kong today.

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Market Updates

How to Overcome Adversity and Obstacles?ft. Garry Chan & Lily Hung

Today on Lens, we take a look at adversity. To reach success, it’s important for us to know the value of adversity, but also understand how to overcome it. Both Lily and Garry have traveled a long road to be successful in the Insurance industry so who better to ask for advise than them? We begin with a very important question – what is the mindset of dealing with adversity?

Garry illustrates his transitions from Canada to Hong Kong, and how he entered the Insurance industry. He talks about the difficulties he faced as a younger man, and the financial hurdles he has had to overcame. Lily also chimes in with her very recent dive into the industry, starting from absolute zero and trying not to be overwhelmed. But what allows them to keep their act together and forge ahead? The power of acceptance. (watch the episode to get the detailed explanation and catch an insightful coaching anecdote from Garry!) We also ask Garry and Lilly what their observations are it comes to other successful people and they give us some very intriguing responses. For Lilly, the importance of ’emotional regulation’ cannot be overstated. It’s important to have the stability and basis to make the right decisions. If you’re too affected by something negative, you might end up being derailed, unable to see the situation clearly. It’s a habit that she finds time and again in people who succeed. With Garry, we get an alternative take – he likes to discover the mistakes successful people have made so that he can learn from them – no matter how silly, devastating they might be! Things turn interesting when Jo Lam, a prominent figure in media and insurance, is brought into the conversation! We go on to discuss his notoriety, success and ability to attract the attention of people. And we ask our guests – what would you do if you could coach the enigmatic Jo Lam? Catch the above episode to find out all the details!

▶ About the guest:

Lily Hong,Risk and Wealth Management Manager at YFLife Insurance/Musician/Artist

Lily Hong started her career at TVB as an artiste, singer, musician, and KOL. In mid 2010, Lily entered the insurance industry; she obtained the MDRT and COT million dollar round table membership within six months of joining the company and has also won the company new agent award champion in the same year. In addition, Lily hopes to make a contribution to society; she participated in the Policy Donations soon after entering the industry, hoping to contribute more to the community. From family to career, Lily continues to pursue music as her dream, and wish to create more possibilities for herself and those whom she cares.

Garry Chan,Regional Senior General Manager at YFLife Insurance/Musician/Artiste,Life Coach

Garry Chan is an experienced General Manager with a considerable history of working in the insurance industry. He is a skilled manager, with an acumen in strategic planning, team building, training, management, and leadership. As a career coach and motivational speaker, he is also responsible for providing mentorship and coaching to key figures in the industry and Hong Kong such as Lily Hung and Coffee Lam, as well as numerous another professionals and adults.

▶ Connect with Guest

Reach Out to Lily:

Facebook: facebook.com/LilyHong25/

Instragram: instagram.com/myyflife/

Reach Out to Garry:

Email: garrychan.yk@gmail.com

Website: wonecytmo.wixsite.com/garrychan

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual.

As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

This might be painfully obvious – Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above.

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.

Enjoy!

Categories
Market Updates

The Way We Search For Properties Is About To Change | Here’s Why

Purchasing property can often turn into a hair-wringing exercise:

  • What should I buy?
  • Where do I look?
  • Whom should I trust?

Investors have had to face these worries time and again. But the way that we find real estate information, both locally and overseas, might be about to change drastically. If you’re looking for properties, this crucial shift could bring you innumerable benefits. Let us explain.

On Oct 28th, 2021, the Consumer Council (an independent statutory authority whose role is to enhance consumer welfare and empower consumers) released a report titled “Purchase of Properties Outside Hong Kong – A Study on Enhancing Consumer Protection”. It has created a wave of discussions within the industry. 

You can read the entire report here.

To summarise:

Since the 90s, local property agents have been licensed under the Estate Agents Ordinance (EAO), whereas “Properties Outside Hong Kong” (“POH”) agents are exempted from licensing. This means that overseas properties can be sold by both licensed and unlicensed agents. Over the last few years, POH-related complaints have increased significantly, citing inaccurate and misleading property advertisements. Between 2018 and 2019, the Consumer Council received 27 and 37 complaints. The number rose to 56 by 2020, and has even skyrocketed to 106 in the first eight months of 2021!

Some tricks to deceive home buyers are the following:

  • The exaggeration of returns and unit size
  • The publishing of fallacious property addresses in advertisements, 
  • Missing important documents, 
  • Agents not even knowing how to read the language of their advertising material,
  • Refunds that can be almost impossible to get back

In light of this, the report states 5 recommendations to protect Hong Kong consumers. In essence, the situation has urged the Consumer Council to call for an increase in regulations on POH agents, including licensing, and tighter control of advertisement information.

As a whole, we are overjoyed that the Consumer Council has raised the urgency of having a code of conduct in the real estate industry. This is one of the main reasons behind why we built Denzity in the first place! But while regulating the real estate industry might be needed, it should not be the first line of defence. More regulations may risk stifling the industry, as highly competitive as it already is. Undoubtedly, many big firms would eventually adapt, but smaller companies would be adversely affected – as the barrier of entry for new and small players is raised.

Instead, we need to look towards PropTech and Digitization! Here is why.

Before the pandemic, the traditional effective method of attracting homebuyers was to set up property exhibitions, providing a one-stop solution for real estate agents to introduce properties and try closing deals in person. Evidently, minimal technology has been a staple of the industry.

Post pandemic, the traditional model has been affected dramatically and property exhibition attendance has dropped by 15% yearly – from more than 1650 exhibitions in 2019 to around 1400 exhibitions by the end of 2021! Everything has digitally migrated and the biggest problem investors and homebuyers face today is how hard it is to find real estate information. Aggravatingly, the bare minimum you can expect to find tends to be fragmented and unreliable. This not only creates the perfect environment for scams and malpractices to fester but severely undermines the customer experience, reflecting poorly on the entire industry itself.

The root cause is this – there is no centralized source for accessing trusted information and expert opinions.

This dynamic has clearly shifted:

Digital marketing has become more crucial for real estate companies to attract potential investors. 77% of investors prefer real estate companies with an online presence to vet their expertise, and 73% of owners prefer agencies that have high digital marketing capabilities. 

While other industries have a trust-building ecosystem online (such as Openrice for restaurants and Trivago for air travel) to help users navigate the market, community building has the potential to become an important fact-finding tool within the property market. 

We must support companies that share the value of delivering trusted sources and holding themselves accountable. All stakeholders involved should be supporting digital and PropTech efforts to create clear channels of information sharing, where investors and homebuyers have the ability to respond to shady practices and poor customer service – such that it becomes harder for bad actors in the industry to escape scrutiny, automatically punishing misconduct with a “time-out” from the market!

So, where do we stand now?

Already, more than 80% of real estate companies have increased their digital marketing budgets by 50%. The last three years have also seen over 100 startups in Hong Kong step into the PropTech space. But there is still a long way to go. While the figure may be growing fast, only 150 out of 3,888 licensed real estate companies in Hong Kong have an online presence. 

We can no longer ignore the power of technology – it can be the solution that ends industry malpractice and misinformation. Meanwhile, regulation can be a secondary safety net, to catch any cases that fall through.

Our Take-Away:

As real estate professionals ourselves, we share the same frustrations as others in the industry. This issue was the exact reason Denzity was founded and what drives us forward! Investors and homebuyers should feel empowered and educated, with easy access to a larger variety of options and information when it comes to finding properties online.

We want to work with credible companies that take the responsibility of putting forth their best information and engage sincerely with the community. If you are part of the industry and feel the same as we do, reach out to us. Let’s discuss how we can help and build an ecosystem that’s efficient, investor-friendly and reliable.

Contact Us here !

Blog: https://www.denzity.io/blog
LinkedIn: https://www.linkedin.com/company/denzity
Facebook: https://www.facebook.com/Denzity.io
Instagram: https://www.instagram.com/denzity.io/

Our community has something to say:

“Our team at CBRE Asia Pacific is so glad that the Consumer Council is paying attention to the overseas residential market in Hong Kong and is calling for regulation. It ensures that buyers are protected when making important decisions such as where to invest their money.

As a fully licensed EAA business, CBRE Asia Pacific ensures all necessary due diligence is acquired on any development we bring to the market and we pride ourselves on working with best in class developers. Conducting proper due diligence and providing accurate insights is crucial in our role in the industry. We look forward to discussing more with other leaders in the industry on how we can build a better framework to benefit society at large.”

Ludo Downey

Head of International Residential Sales

CBRE Asia Pacific

“At Asia Bankers Club, we always strive to ensure the accuracy of information we give out in regards to our projects to protect, to the best of our abilities, the interest of our buyers. As real estate professionals and investors ourselves, we understand our buyers’ needs therefore we perform due diligence for all of our projects. This proposed legal change is welcomed as we recognise the importance of a comprehensive service from selling to delivering our projects.”

Kelvin Wu 

Executive Director 

Asia Bankers Club

“As a professional real estate agent, I agree that overseas property agents should be under an examination and licensing system. However, I’m also concerned the existing “Estate Agents Ordinance” may not cover all situations, since property sales abroad involve various countries. It would be difficult to establish a standard set of regulations in Hong Kong. I foresee issues arising in relation to regulation, training and licensing.  This matter would benefit from consultation with different shareholders.”

Manci Man

Co-Owner & Managing Director

Century 21 Goodwin International

Categories
Market Updates

Success, Winning & Greatness ft. Garry Chan, Lily Hong

In today’s Lens Episode, we chat with Lily Hong – musician and actress turned wealth manager – and Regional Senior General Manager Garry Chan from YF Life WONE.

The relationship that Lily and Garry share is double-fold – one that of a manager/employee and the other that of a coach/coachee. Ever since Lily has transitioned into the Insurance industry, Garry has been there guiding her every step of the way. Together, they reflect on what it means to win, the difference between a coach and a manager, and what separates the great from the good!

According to both of them, the important distinct between a coach and a manager is that a manager is responsible for achieveing certain goals, and he assumes a teacher-like position in the life of his employees, guiding them to improve KPIs and perform their best in the employment setting. A coach, however, is involved in a two-communication. He’s isn’t just advising his coachee – he’s listening to their needs and trying to discover a vision for them that they themselves may be unaware of. Lily testifies to the power of such a guide in her life!

For Lily, the concept of winning was always intimidating, and she never enjoyed the prospect of competition. It’s when she came to view winning as a collaborative effort, especially in the insurance space, did she start to appreciate the empowering effect it has on her and her colleagues. Garry, as a leader and coach, points to the inspirational spirit that winning can instill not just in an individual but amongst those surrounded by him. Winning together, they both espouse, is a very powerful experience!

They continue onto discussing how one can go from “good to great” by practicing a certain mindset, and whether fear has any value in motiviating winners. Garry also gives us a little insight into the success of another one of his mentees, famous actress and youtube Coffee Lam. Sit tight and tune in to hear the entirety of the conversation above!

▶ About the guest:

Lily Hong,Risk and Wealth Management Manager at YFLife Insurance/Musician/Artist

Lily Hong started her career at TVB as an artiste, singer, musician, and KOL. In mid 2010, Lily entered the insurance industry; she obtained the MDRT and COT million dollar round table membership within six months of joining the company and has also won the company new agent award champion in the same year. In addition, Lily hopes to make a contribution to society; she participated in the Policy Donations soon after entering the industry, hoping to contribute more to the community. From family to career, Lily continues to pursue music as her dream, and wish to create more possibilities for herself and those whom she cares.

Garry Chan,Regional Senior General Manager at YFLife Insurance/Musician/Artiste,Life Coach

Garry Chan is an experienced General Manager with a considerable history of working in the insurance industry. He is a skilled manager, with an acumen in strategic planning, team building, training, management, and leadership. As a career coach and motivational speaker, he is also responsible for providing mentorship and coaching to key figures in the industry and Hong Kong such as Lily Hung and Coffee Lam, as well as numerous another professionals and adults.

▶ Connect with Guest

Reach Out to Lily:

Facebook: facebook.com/LilyHong25/

Instragram: instagram.com/myyflife/

Reach Out to Garry:

Email: garrychan.yk@gmail.com

Website: wonecytmo.wixsite.com/garrychan

▶ Disclaimer:

This disclaimer informs readers/audience that the views, thoughts, and opinions expressed in the text/video belong solely to the author & participant, and not necessarily to the participant’s employer, organization, committee or other group or individual.

As it can be difficult to catch some minor errors, transcripts may contain a few typos or inaccuracies.

This might be painfully obvious – Please note the following legal conditions:

Denzity owns the copyright in and to all content in and transcripts of Denzity’s video programs and publications (collectively referred to as “Denzity Materials”, with all rights reserved and its right of publicity.

You are welcome to share the below transcript (up to 500 words but not more) in media articles (e.g., The South China Morning Post, Bloomberg, New York Times), on your website, in a non-commercial article or blog post (e.g., Medium and WordPress), and/or on a personal social media account for non-commercial purposes, provided that you include attribution to “Denzity” and link back to the denzity.io/blog URL. For the sake of clarity, media outlets with advertising models are permitted to use excerpts from the transcript per the above.

No one is authorized to copy any portion of the Denzity Materials or use Denzity’s name, image or likeness for any commercial purpose or use, including without limitation inclusion in any books, e-books, book summaries or synopses, or on a commercial website or social media site (e.g., Facebook, Twitter, Instagram, etc.) that offers or promotes your or another’s products or services.

Enjoy!

Categories
Real Estate Knowledge

CBRE Profile

CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2018 revenues of $21.3 billion and more than 100,000 employees (excluding affiliate offices). We has been become the Fortune 500 since 2008, and ranked #122 in 2021.

As the world’s largest real estate firm, we have a vast of resources and expertise supporting, together with local experienced international project team to provide you the best-in-class developments and investment portfolios. CBRE is a listed company on the New York Stock Exchange and we are licensed and regulated by the Hong Kong Estate Agents Authority.

Whether for investment or own use, we offer broad range of integrated services, from property sales & investment, letting & management, or even re-sale services etc., we serve you diligently in every important step.

Categories
Market Updates 未分類

UK Property Market: What Opportunities Await Hong Kong Investors? | Denzity ft. CBRE

Property Markets across the world were taken by surprise in the past 2 years, with the pandemic and lockdowns shutting down livelihoods in a matter of days. However, now that the situation is finally under control in many pockets of the world, how has real estate interest perked back up and what does the real estate scene look like?

In this Insights episode, we visit the CBRE offices to ask industry veteran Ludo Downey about the post-pandemic UK market!

He paints us a very concise and clear picture of the bounce-back that is being witnessed in the UK right now, with mortgage lending having seen increased of 29% both month on month and year on year since the previous year. In August 2021 alone, 65, 600 home loans were approved. Ludo goes on to sharing many interesting insights into the situation.

Being a veteran, Ludo goes on to sheds a light on the opportunities that could await potential investors and homebuyers should they wish to benefit from the unique conditions of the healthy market – both inside Prime Central London and farther out of the main hub! Give the episode a quick watch to equip yourself with best information before taking a dive into the UK property world!

▶ Register interest for Lampton Parkside: https://bit.ly/3B8MYps  

▶ About the company:

CBRE is one of the the world’s biggest commercial real estate services companies. Being named one of fortune’s “Most Admired Companies” for

CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2018 revenues of $21.3 billion and more than 100,000 employees (excluding affiliate offices). We has been become the Fortune 500 since 2008, and ranked #122 in 2021.

As the world’s largest real estate firm, we have a vast of resources and expertise supporting, together with local experienced international project team to provide you the best-in-class developments and investment portfolios. CBRE is a listed company on the New York Stock Exchange and we are licensed and regulated by the Hong Kong Estate Agents Authority.

Whether for investment or own use, we offer broad range of integrated services, from property sales & investment, letting & management, or even re-sale services etc., we serve you diligently in every important step.

▶ Connect with Guest:
Phone: 2820 2800

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