[Event Recap] Built Environment Industry Forum 建筑环境行业论坛

​On December 6th, SingCham Shanghai was pleased to cohost the Built Environment Industry Forum event in partnership with the AustCham Shanghai at Australia House. This event is part of a series of activities brought to you by the Built Environment Industry business vertical and is chaired by Hadleigh Churchill, Co-Founder and Managing Director of hcreates.

12月6日，中国新加坡商会上海与澳大利亚商会-上海在澳洲之家联合举办了建筑环境行业论坛研讨会。本次活动是建筑环境行业论坛系列活动之一，由hcreates | interior design的联合创始人和董事总经理Hadleigh Churchill主持。

This industry-themed event provided a comprehensive exploration of key topics, including an overview of the real estate market and emerging trends in the construction industry for 2024, the attributes of Australian shopping centers and its implications for China retail.

这一行业主题活动全面探讨了关键议题，包括房地产市场的总体概况和2024年建筑行业的新兴趋势。此外，还涵盖了澳大利亚购物中心的特色与成功因素和对中国零售的启示。

During the seminar, our esteemed speakers James Macdonald from Savills, Devin Khor from CPG International and Wang Wei, Member of ICSC Asia Pacific Research Council shared valuable insights into Construction and Design Trends for 2024.

研讨会上，来自Savills的James Macdonald、新工工程咨询的许国翃和国际购物中⼼协会市场专委会亚太委员的王玮就2024年建筑与设计趋势分享了宝贵的见解。

Forum Highlights 论坛亮点 

Market Trends in China

In the post-pandemic landscape of China, business sentiment has been characterized by fluctuating levels of optimism and pessimism among surveyed firms. The office space market in key Chinese cities has maintained a consistent supply, but corporate decision-making shifts have led to increased vacancy rates, resulting in a tenant-driven market. Retail sales have experienced declines and fluctuations, influenced by consumer confidence levels, thereby affecting rents and vacancy rates in shopping malls.

中国市场的趋势

在中国后疫情时期的商业环境中，受访企业的商业信心表现出波动的乐观和悲观水平。在中国主要城市，办公空间市场保持了一致的供应，但企业决策的变化导致了空置率的增加，形成了以租户为主导的市场。零售销售经历了下降和波动，受到消费者信心水平的影响，从而影响了购物中心的租金和空置率。

Yields and Investment

Yields are on the rise across diverse real estate sectors, such as Grade A Office market, signaling a buyer's market characterized by more sellers than buyers. A positive yield spread presents an opportunity for long-term stable investments.

收益和投资

不同房地产行业的收益率都在上升，如甲级写字楼市场，这表明买方市场的特点是卖方多于买方。正收益差为长期稳定投资提供了机会。

Adapting to Change

In response to government stimulus for market revival, the real estate industry is cautiously adapting. Clients are adopting conservative strategies, emphasizing property modifications and strategic planning. Service providers are evolving by offering integrated services and fostering collaboration with subsidiaries and external partners. The industry recognizes the importance of unity, promoting joint ventures and collaborative approaches.

适应变革

作为对市场复苏的政府刺激的回应，房地产业正在谨慎地进行调整。客户采用保守策略，强调房地产改建和战略规划。服务提供商通过提供综合服务并与子公司和外部合作伙伴合作，不断演进。行业认识到了团结、推动联合企业和合作方法的发展的重要性。

Learnings from Australia's Shopping Centers

Australia's shopping centers have evolved significantly, shifting from neighborhoods to regional centres accommodating population growth and ever-changing consumer needs. Their success stems from a focus on basic needs, meticulous market research, thoughtful government planning, and unwavering commitment to community engagement and generating positive economic and social impacts. Despite facing limitations, these shopping centers continue to evolve, setting a positive example for the industry globally.

澳大利亚购物中心的经验

澳大利亚的购物中心已经发生了重大变化，从街巷邻里到区域中心，以满足人口增长和不断变化的消费者需求。他们的成功源于对基本需求的关注、细致的市场研究、周到的政府规划以及对社区参与和产生积极的经济和社会影响的坚定承诺。尽管面临着限制，这些购物中心仍在不断发展，为全球行业树立了积极的榜样。

Challenges and innovations in the Shanghai Market

While the market remains stable despite fluctuations, achieving success necessitates being among the top performers. To address this challenge, shopping centers are diversifying, collaborating with consultants for better project strategies, and prioritizing strategic design, construction, and revenue generation.

上海市场的挑战和创新

尽管市场在波动中保持稳定，但要取得成功，就必须在上海400家购物中心中跻身前70名。为了应对这一挑战，购物中心正在进行多元化发展，与顾问公司合作制定更好的项目策略，并优先考虑战略设计、建设和创收。

SingCham Shanghai would like to thank all the outstanding speakers: James Macdonald from Savills, Devin Khor from CPG International and Wang Wei, Member of ICSC Asia Pacific Research Council shared valuable insights into Construction and Design Trends for 2024.

中国新加坡商会上海感谢来自Savills的James Macdonald、新工工程咨询的许国翃和国际购物中⼼协会市场专委会亚太委员的王玮这几位杰出演讲者。

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