Property

RICS to lead discussion on Asia's emerging silver hair market at Annual Hong Kong Conference

HONG KONG, March 2, 2016 /PRNewswire/ -- RICS (Royal Institution of Chartered Surveyors) is hosting its Hong Kong Annual Conference to examine the economic opportunities and challenges arising from an emerging silver hair market. Hong Kong is entering an era in which nearly one in every three residents will turn 65 within the next 20 years. The senior market investment potential is huge, according to RICS, but its business opportunities are still undiscovered locally. The conference takes place at the Grand Hyatt Hong Kong on Friday 20 May 2016. RICS will examine the business and investment potentials with local investors, and present successful cases from overseas mature markets in order to develop a viable model for the Hong Kong market and policy makers.

The conference will begin with a critical review of the current market by public and private sector professionals, followed by an analysis of business models established in mature Japan and USA economies. Investors will evaluate Hong Kong's potential conditions and returns, and local specialists will deliberate its challenges and propose strategies specific to the region. The conference will conclude with an address about labour and supply needs for an ageing population.

"The next investment boom revolves around the burgeoning elderly population", said Mr Andrew Lee FRICS, Chair of RICS Hong Kong Board. "Our Hong Kong Annual Conference will feature key market strategists who have capitalized on this global trend, and they will share insider knowledge with ambitious business owners and investors who attend", he added.

The RICS conference is also an opportunity for students and recent graduates to meet future employer through attending a career advice session. Young professionals will have direct conversation with senior business leaders and recruitment officers from Hong Kong's top property and real estate companies.

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About RICS

Confidence through Professional Standards

RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve.

We accredit 118,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply.

We believe that standards underpin effective markets. With up to seventy per cent of the world's wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe.

With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.

We are proud of our reputation and work hard to protect it, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.

About RICS Asia

RICS Asia supports a network of over 20,000 individual professionals across the Asia region with an objective to help develop the land, property and construction markets in these countries, by introducing professional standards, best practice education and training. We promote RICS and our members as the natural advisors on all property matters. We also ensure that services and career development opportunities are provided to members.

RICS Asia region serves local member associations located in Brunei, Japan, Malaysia, Singapore, Thailand, The People's Republic of China, Hong Kong SAR, Taiwan and South Korea. It also has members working across the region such as Bangladesh, Bhutan, Burma/Myanmar, Cambodia, Indonesia, Kiribati, Laos PDR, Macao SAR, Mongolia, Nepal, North Korea, The Maldives, The Philippines, Timor East and Vietnam. For more information, please visit: www.rics.org.

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