Rising of PropTech - Disruption in Real Estate [JUN 2020]

RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, constructionandinfrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve.We accredit 125,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farmsandwoodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply.

RICS Royal Institution of Chartered Surveyors

Date: Saturday, 6 June 2020 Time: 9:30am – 12:30pm Venue: RICS Hong Kong Office, Room 3707-09, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong
Language: English (supplementary with Cantonese)
CPD Hour: 3 formal hours
 
 
<HR>
 
Overview
 
“Proptech” is a rapidly progressing area of technology that is beginning to develop solutions to address long-standing pain points in real estate. Technology is gradually moving the real estate industry away from a manual and paperwork-heavy process and towards a streamlined and efficient system where steps can be simplified and automated.
 
Real estate constitutes over 50% of the world's assets. Housing is a vital human need, and the commercial property sector delivers and manages the infrastructure needed for entrepreneurship to flourish. In this training, we will focus on <SPAN STYLE="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">PropTech that refers to businesses using technology to disrupt and improve the way we buy, rent, sell, manage, and design residential and commercial properties.
 
 
<SPAN STYLE="font-size: 10pt; line-height: 111%; font-family: Arial, sans-serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Tokenization is an application of blockchain technology that is rapidly attracting interest from the real estate market all over the world. It <SPAN STYLE="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">aims to reduce the administrative process and cost in real estate processes by leveraging blockchain technology and smart contracts.
 
 
In the second part of this workshop, we will go beyond the buzzwords to help you understand the value added by technology. We will further delve into the concept of blockchain and tokenization as applied in real estate.
 
 
<HR>
 
Learning outcome
 
Part 1
 
<UL>
<LI>Understand the definition of the buzzword ‘PropTech’</LI>
<LI>Gain knowledge of the <SPAN STYLE="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">brief history of PropTech 1.0, 2.0 and 3.0 and the driver behind such wave</LI>
<LI>Rethink the limitations of real estate, especially in Asia region</LI>
<LI>Obtain <SPAN STYLE="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">insights of how PropTech can benefit different stages of the real estate cycle </LI>
<LI>Stimulate <SPAN STYLE="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">innovative thinking from the previous innovation <SPAN STYLE="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">of PropTech that helped solving real estate challenges. </LI>
<LI>Make better real estate investment and development decisions for the future, putting PropTech into considerations. </LI>
</UL>
 
 
 
Part 2
<UL>
<LI>High level introduction to concepts in blockchain, tokenization and smart contracts</LI>
<LI>Introductory understanding of general benefits of blockchain technology</LI>
<LI>Understanding of practical applications of blockchain, tokenization and smart contracts to real estate use cases</LI>
<LI>Understanding of the benefits and limitations of blockchain technology as applied to real estate</LI>
</UL>
 
 
<HR>
 
Speaker
 
 
Mr Leo M Y LO 
MRICS, MEcon, MHKIS
 
Founder, Asia PropTech
 
Leo is CEO of Fonto Holdings/ Founder of Asia PropTech/ Co-founder of PropBLK. He has been a GP Surveyor and possesses for over 15 years’ experience in the real estate industry. He has led and managed IPO and real estate M&A advisory and valuation projects in the Greater China and the Asia-Pacific Region. He was also the RICS Excellent Young Achiever of the Year 2016.
 
 
 
 
Mr Philip Pang
 
Chief Commercial Officer, Liquefy
 
Philip is the Chief Commercial Officer of Liquefy, a venture-backed FinTech platform which enables the issuance and distribution of tokenized securities backed by assets such as real estate, funds, and other exotic assets using blockchain technology. Previously with Colliers International, a NASDAQ listed commercial real estate consultancy, advising institutional asset owners and multinational occupiers, Philip was the mentor for TechStars Colliers PropTech Accelerator, a global initiative to develop and bring to market new property technologies. Philip is also an Advisor to Genesis Block, a leading Digital Assets OTC trading centre in Asia.
 
 
<HR>
 
Enquiry
 
Mr Peter Au, Business Development Manager
Tel: 2116 9719
Email: <A HREF="mailto:pau@rics.org" REL="nofollow noopener noreferrer">pau@rics.org</A>
 
<HR>
 
Remarks:
 
<UL STYLE="margin-top: 0cm;">
<LI CLASS="MsoNormal">The organiser reserves the right to cancel or reschedule the seminar at its discretion.</LI>
<LI CLASS="MsoNormal">No refund or cancellation will be accepted, but a substitute delegate is normally permitted. Please inform the organiser of your substitute delegate at least 5 days before the seminar.</LI>
<LI CLASS="MsoNormal">If a typhoon signal no. 8 or above, or black rainstorm warning is in force at least 3 hours before the programme is scheduled to begin, the seminar will be postponed until further notice. Otherwise, it will continue as scheduled.</LI>
<LI CLASS="MsoNormal">Registration will only be confirmed upon receipt of completed registration form and full payment.</LI>
<LI CLASS="MsoNormal">Upon completion of this event, a CPD certificate will be granted. A payment receipt along with the CPD certificate will be sent to you by email with 10 business days after the seminar.</LI>
</UL>