Pacific Rim Real Estate
The 16th Pacific Rim Real Estate Society Conference was held at the InterContinental Hotel in Wellington, New Zealand from 24th to 27th January 2010. The three and a half day conference was organised by Massey University.
The conference had over 120 delegates attending from countries which included Australia, America, New Zealand, China, Germany, Canada, Hong Kong, Malaysia, Nigeria, Philippines, London, Japan, Singapore, South Africa and Taiwan.
Highlights of the conference included the PhD colloquium, key note speakers, parallel sessions, industry day presentations, property case study competition, prizes and awards and the conference dinner.
The PhD Colloquium was held on Sunday 24th January at the Wellington campus of Massey University. The opening address was provided by Professor Graeme Newell who provided helpful hints on completing a PhD and the process of getting through the examination period. There were ten PhD presentations representing seven universities in Australia, New Zealand, Hong Kong, Malaysia etc. The presentations covered property valuation, property taxation, real estate development, property investment, listed property companies and REITS. The topics were also geographically diversified, covering real estate issues in Australia, Malaysia, Hong Kong, China and other emerging property markets. It is a good sign to see more PhD students coming with a diversified range of topics.
Professor Terry Boyd delivered the keynote address on Monday entitled ‘The brain’ (sponsored by Estate Master). He got the audience thinking about strategies to keep the brain active and the neurons connecting (and reconnecting).
Dr Anthony De Francesco delivered a very well prepared keynote address on Tuesday with the theme ‘industry research needs and how academics could work with industry’.
The parallel sessions held on the three days had presenters addressing a wide range of topics including housing markets, REITS, property development, valuation, housing property investment, finance, affordability, property rights and agency, corporate real estate, property education, land and environment, land supply, rural land returns, management and taxation.
On Wednesday 27th January presenters were invited from the industry. John Peters from the Commonwealth Bank of Australia provided a positive outlook on the future of countries in the Pacific Basin whose economies are closely tied in with China. Both Australian and New Zealand property related speakers which followed also spoke positively regarding the future growth of property in these regions.
Another highlight of the conference was the 2010 PRRES Case competition where a team of students from the University of Auckland nudged the University of Southern California team to win the final by a whisker. Kahwen Tan is commended for the running of the case competition.
The 2010 conference was sponsored by