Property and Real Estate Development

Maximising the use of Hong Kong’s scarce land is an economic priority. The HKSAR government has proposed a series of measures to optimise land use by releasing the potential of over 1,000 old industrial buildings through policies that encourage the redevelopment or conversion of industrial buildings by owners. A growing focus on sustainable development is also expected to open up job opportunities for graduates interested in this area.

Property agents are usually independent sales professionals who contract their services to real estate firms for a commission sharing agreement. Graduates with degrees in any discipline are accepted for entry in this area.

There are two types of property agents: residential and commercial real estate agents. Commercial real estate agents usually specialise in a particular property type such as retail, office, hospitality, shopping centres and industrial plants. Property agents need to provide advice and handle negotiations with their clients – tenants/buyers or landlords – as well as be alert to the changes in the state of the economy and the property market.

 

Positions / Job Titles Offered         

  • Property Consultant, Estate/ Property Officer 

 

Typical Job Nature/ Job Duties

  • Respond either an inquiry from a prospective tenant/buyer or an offer from a landlord
  • Take time to understand the requirements of the clients, landlords and property owners
  • Provide assessments and advice on property investments
  • Match the right buyer to the right seller at the right time with a right price
  • Provide advice on leasing strategies to landlords and help them find clients
  • Be alert to the changes in the state of the economy and the property market

 

General Requirements

  • Degree holder of any disciplines
  • Excellent people skills
  • Sales oriented
  • Hard working
  • Pleasant personality
  • Multi-language skill is an advantage but not a must
  • Willing to work outdoor
  • Be familiar with the relevant Ordinance(s) and the legal procedures/requirements in the leasing and transfer of property

 

Related Associations/ Useful Links

Estate Agents Authority http://www.eaa.org.hk
The Hong Kong Association of Property Management Companies http://www.hkapmc.org.hk
The Real Estate Developers Association of Hong Kong http://www.reda.hk

                                                                         

 

 

(Source from The CUHK Careers Guide 2012)