The Outlook for Property in Asia

Mark discusses his 25-year career with Grosvenor Group, highlighting the company's expansion into Asia, particularly in Hong Kong, Tokyo, and Shanghai. He explains the strategic exit and re-entry into the Australian market and emphasizes the long-term investment strategy in Japan despite economic challenges. The discussion also covers the Hong Kong market, noting past opportunities and current market conditions.

How long has Mark been with Grosvenor Group?

• 15 years

• 25 years

• 10 years

• 30 years

Which city did Grosvenor Group first expand into in Asia?

• Tokyo

• Singapore

• Shanghai

• Hong Kong

What is a significant factor attracting Grosvenor to the Tokyo market?

• Low property prices

• International interest in upmarket residential development

• High local demand for office spaces

• Government incentives for foreign investors

What economic challenge is Japan currently facing that Grosvenor is monitoring?

• Recession

• High unemployment

• Trade surplus

• Deflation

What is Grosvenor's approach to market fluctuations in Hong Kong?

• Immediate withdrawal from the market

• Complete focus on residential properties

• Short-term aggressive investment

• Long-term strategic planning