Colliers Appoints Key Roles Hong Kong Capital Markets Team
HO CHI MINH CITY (REUTERS) – Vietnam’s economic growth likely slowed to just above 5 per cent in the third quarter, and the pace of expansion for the full year is set to be the slowest in more than three decades due to coronavirus disruptions, Prime Minister Nguyen Xuan Phuc said on Wednesday (Sept 30).
Colliers has recently made two leadership appointments to its capital markets & investment services team in Hong Kong. Raymond Ho has been named as the new executive director, while James Wong has been appointed as senior director. This announcement was made on October 21st, showcasing the company’s commitment to strengthening their team in Hong Kong.
Ho joins Colliers from JLL Hong Kong, where he held the position of executive director for capital markets. He brings with him a wealth of experience in the real estate industry, specifically in transacting prime luxury residential sites in prestigious areas such as the Peak, Shouson Hill, Repulse Bay, and South Bay.
Wong, on the other hand, also has an impressive track record in the industry and will now take on the role of senior director for capital markets & investment services at Colliers. Both Ho and Wong will play a crucial role in providing advisory services on investment acquisition and divestment strategies, debt advisory & sales, strategic asset allocation consultancy, and M&A advisory in relation to luxury residential properties.
Thomas Chak, head of capital markets & investment services in Hong Kong, expressed his excitement about having Ho and Wong on board, stating that their expertise and experience will be valuable assets to the team. He also highlighted their skills in handling prime luxury residential properties, a crucial aspect of the real estate market in Hong Kong.
The appointments of Ho and Wong are part of Colliers’ efforts to further strengthen its presence in Hong Kong and bolster its capital markets & investment services team. This move also reflects the company’s commitment to providing top-notch services to clients and solidifying its position as a leading player in the real estate industry.
In other real estate news, Knight Frank announced the appointment of Craig Shute as the new CEO of Asia Pacific. This move is part of the company’s efforts to further expand its presence in the region and provide exceptional services to its clients.
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In Singapore, a freehold shophouse on Keong Saik Road is currently up for sale at $18 million. This property is expected to generate strong interest from investors, given its prime location and potential for development.
Additionally, Colliers has reported that Singapore’s CBD Grade-A office market experienced marginal rental growth in the second quarter of 2024. This is a testament to the resilience of the market amidst the challenging economic climate brought about by the COVID-19 pandemic.
In Vietnam, Prime Minister Nguyen Xuan Phuc announced that the country’s economic growth is expected to slow to just above 5% in the third quarter due to disruptions caused by the pandemic. This would result in the slowest pace of expansion in more than three decades.
