Jun 12, 2020 12:00 AMColliers has announced two key appointments in its Hong Kong capital markets team.Nikki Tse has been appointed as executive director of capital markets and investment services for Hong Kong, while Kelvin Li has been appointed as deputy managing director of capital markets and investment services for Hong Kong.Tse has over 20 years of experience in the real estate industry, with a focus on investment advisory. Prior to joining Colliers, she was the director of investment services at JLL.Hong Kong expands urban renewal plan, hikes subsidy for elderly ownersMay 20, 2020 1:45 PMThe Hong Kong government announced on May 19 that it will provide more financial incentives for the city’s urban renewal, including a higher subsidy for elderly owners. The subsidy for eligible elderly owners has been increased from 75% to 100% of the cost of Home Renovation Interest-free Loans in recognition of the fact that they have contributed immensely to society during their working years, government officials said to Hong Kong’s Legislative Council (LegCo).The Hong Kong government has also extended the application period for the Home Renovation Interest-free Loan Scheme for the Elderly to end of June 2020, with the aim of helping senior residents to pay for necessary and basic home improvement expenses, according to a briefing paper published on LegCo’s website.On May 19, the Hong Kong government launched the application period for the 2020/21 Urban Renewal Authority (URA) Demand-led Redevelopment Project (DDP) Pilot Scheme. The scheme gives owners of ageing buildings the choice to redevelop their property in partnership with private developers. The application period will end on Dec 31.
Colliers is bolstering its occupier services team in the Asia Pacific region with two key appointments, as announced in a press release on Feb 25. Leanne Chin has been appointed as the director of regional tenant representation for Asia Pacific and will be based in Colliers’ Singapore office. In addition, Ali Porter has been appointed as the director of enterprise clients for Hong Kong, relocating from London where he served as part of Colliers’ Europe, Middle East, and Africa business for the past four years.
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In his new role, Porter will be responsible for aligning occupiers’ real estate portfolios with their corporate strategies across Asia Pacific. Meanwhile, Chin will focus on supporting occupiers with their regional expansion strategies.
This move comes as part of Colliers’ efforts to strengthen and expand its presence in the region. With a growing demand for occupier services, the appointments of Chin and Porter will bring valuable expertise and industry knowledge to the company.
In a separate announcement, Colliers has also made two key appointments in its Hong Kong capital markets team. Nikki Tse has been appointed as executive director of capital markets and investment services for Hong Kong, while Kelvin Li takes on the role of deputy managing director of capital markets and investment services for Hong Kong.
Tse, who brings over 20 years of experience in the real estate industry, will focus on investment advisory services. She joins Colliers from JLL, where she served as the director of investment services. Li, on the other hand, will bring his extensive experience in the Asia Pacific real estate market to his new role, supporting the growth and success of the capital markets team in Hong Kong.
Meanwhile, in other news related to the Hong Kong property market, the government has announced an expansion and enhancement of its urban renewal plan. This includes increased financial incentives, such as a higher subsidy for elderly owners who have contributed to society during their working years. The application period for the Home Renovation Interest-free Loan Scheme for the Elderly has also been extended until the end of June 2020.
Additionally, the government has launched the application period for the 2020/21 Urban Renewal Authority (URA) Demand-led Redevelopment Project (DDP) Pilot Scheme, allowing owners of ageing buildings to redevelop their properties in partnership with private developers. The scheme aims to revitalize the city and improve the living conditions for its residents. The application period will end on Dec 31.