ULI Supported 2nd International Symposium on "Future of Public Housing" Held at Fudan University, Shanghai on August 29th and 30th
September 11, 2012
The two-day ULI-supported 2nd International Symposium on “the Future of Public Housing” ended in the evening of August 30, 2012 at Fudan University. It was a very successful event with senior government officials and leading scholars attending the event.
Liu Haisheng, Director of Shanghai Municipal Housing and Building Administration Bureau, delivered the opening speech at the symposium. Gu Yunchang, Vice President of China Real Estate Research Association, gave the keynote speech, which was followed by fourteen 45-minute presentations by world-renowned scholars on housing policy from the U.S., UK, France, the Netherlands, Sweden, Hungary, South Korea, Singapore, Hong Kong and mainland China.
John Fitzgerald, Executive Director for ULI Asia Pacific, as well as several ULI members participated in a panel discussion on the first day of the symposium. Below are the main issues and insights shared in the panel discussion.
John Fitzgerald gave an overview of ULI’s activities in the area of public housing / affordable housing, especially through ULI Terwilliger Center (http://americas.uli.org/advisory-boards/j-ronald-terwilliger/); in particular, John explained ULI’s initiative of incorporating transportation costs in estimating true housing costs; in many suburban locations in the U.S., transportation costs can represent over 20% of the household income.
Henry Cheng, CEO of Chongbang Group, gave his view of who constitute “emerging middle class” and their key lifestyle preferences and aspirations; he also explained his firm’s focus on this emerging middle class and its business model of incorporating a large shopping center / retail component to provide shopping and entertainment amenities for the residents.
Richard Vogel, China head of Ivanhoe Cambridge, discussed how mainland Chinese retail consumers have transformed over the last two decades and how shopping centers have evolved to meet the consumers’ changing needs; he also explained how well-positioned retail shopping centers in or near low-income residential neighborhoods can improve the quality of life for the residents through helping to create community centers and reducing travel time.
David Yu, Founding Partner of Llinkslaw Office, gave an overview of the various types of housing with government involvement and relevant legal issues.
Ken Rhee, CEO of Huhan Business Advisory and ULI Chief Representative for mainland China, discussed the issues of bare-shell delivery of residential units and relatively low density development model in Shanghai; the bare-shell condition of residential units at the point of sale transfers the responsibility of fitting out the interior to buyers, resulting in poor quality of finished products and inefficiencies; moreover, bare-shell units can sit empty for a long period, thus reducing supply of rental properties, aggravating housing shortage, and driving up housing price; regarding the topic of low density, Ken discussed the relatively low density of Shanghai compared to other world cities such as New York and Singapore and how the low density model pursued by Shanghai has made it difficult to redevelop the urban core and led to a substantial decline in new residential supply, resulting in a nearly three-fold increase in price over the last five years.
费约翰跟在座嘉宾分享了ULI在公共住房/可支付住房领域的一些活动情况，特别是通过城市土地学会特威利格中心（ULI Terwilliger Center, www.uli.org/advisory-boards/j-ronald-terwilliger/） 举办的活动。费约翰还特别提到了ULI在估算真实住房成本时考虑了交通成本因素。在美国许多郊区，交通成本达家庭收入的20%之高。