Through the fire emerges the phoenix; with a collective sigh of relief, Hong Kong’s built environment forges steadily ahead with WiredScore.
The last time I was in Hong Kong was pre-pandemic in 2019 when Hong Kong was thriving as the leading financial hub in Asia and a popular tourist destination. The hustle and bustle of Central Hong Kong were not lost on me then, and I’m pleased to say that the fast-paced energy in the city still remains today.
Hong Kong’s unique culture gripped us the moment we stepped off the plane – demonstrating that it is not only possible to merge the old and the new but to do so in a strategic and purposeful way. As we explored the central business district after days packed with client meetings and site visits, we were enthralled by the rate at which the city was evolving, and the people with it.
After a challenging few years, Hong Kong is re-emerging with purpose and determination. As the pandemic travel restrictions slowly relax and the city begins to host noteworthy international events again – such as the recent investment summit and the Hong Kong Sevens tournament – Hong Kong is sending the message to the world that it’s back open for business.
Yet, there remain hurdles to overcome. Hong Kong has seen an exodus of talent and the relocation of some international businesses to competing cities like Singapore. So, how can Hong Kong regain its footing as a key global hub?
On 23rd November 2022, we celebrated WiredScore’s launch in Hong Kong, our second market in Asia. During the evening we discussed the current challenges and opportunities ahead for Hong Kong and, importantly, how the real estate industry can play an important role in ensuring Hong Kong reaffirms its global competitive position.
At the event, attendees enjoyed a fireside chat between Tiffany Lau, Executive Director & Head of Urban Ecosystems at JLL, and WiredScore’s Thomasin Crowley, followed by a panel discussion with Swire Properties’ Don Taylor, Henderson Land’s Kristine Li, Standard Chartered’s Lerrence Chiu, and Arup’s Sankar V S, moderated by Cushman & Wakefield’s Rosanna Tang. From these discussions, 3 major themes stood out to me:
- The responsibility of the private sector in shaping the next iteration of Hong Kong
- The need to make Hong Kong’s real estate work harder, creating shared value for Hong Kong’s communities
- The important role of smart buildings in creating user-centric and sustainable spaces to both bring people back to the office and to attract significant global occupiers to Hong Kong