On November 10, AmCham Shanghai hosted a Spotlight Session with real estate consulting company Knight Frank, focusing on the release of their 2017 Global Cities report and another recent report titled Chinese Outbound Real Estate Investment: Changing currents, rising tides.
Nicholas Holt, Asia Pacific head of research at Knight Frank, presented the new Global Cities report. Holt discussed trends in global cities, including “the supremacy of creative workers,” the impact of technology, and backlash against globalization. The report notes that creative workers are a highly prized commodity that cities must attract if they want to be successful, and Holt talked about trends in real estate aimed at attracting such talent. This includes the rise of creative workspaces, which have quickly spread across the globe despite initial views that they may remain limited to a small number of cities such as San Francisco, as well as companies relocating parts of their office space to trendy new areas. Holt also discussed Brexit and the recent U.S. election. He says he remains especially optimistic about global cities, adding that these are best suited to weather any turbulence from these events.
David Ji, Greater China head of research, presented a recent Knight Frank report on Chinese outbound investment. Ji provided insight into recent Chinese investment trends in several key cities around the world. He too was optimistic, providing data on post-Brexit Chinese investment into the UK that showed little sign of slowing down.
Two Shanghai-based Knight Frank analysts then joined for a panel Q&A session. Fielding questions from the audience, they discussed real estate trends in Shanghai, the land market in China, and the factors driving Chinese outbound investment.