10/8/2018-9

Dai Deliang, Zhao Jinquan, enjoys the art of valuation, ten years of planting in the north, and opening up in 2000

Speaking of “Measurer” and “Dade Liangxing”, many people may associate with the former Chief Executive, Leung Chun-ying; the current Vice President of Dai Deliang’s Greater China Region, Zhao Jinquan (KK), who was in the middle of the year (hereinafter referred to as Jones Lang LaSalle) He is a subordinate of CY. In 1993, he followed the other side and worked for 25 years. Now Zhao Jinquan is the only one, and he is also a director of DTZ and a director of valuation and advisory services in the Asia Pacific region.

Regardless of the real estate market, housing supply and building safety, etc., the surveyors are found. Zhao Jinquan, who is the mainstay of the industry, has been evaluated for many years. Everything is accustomed to data first; but will the long-term hard-wearing figures feel dull? He laughed and became more and more engaged, “Valuation is an art.”

Many people who are interested in professional courses often have a clear plan for their careers. Zhao Jinquan describes his own experience as a “successful mistake”. The college elector wants to read the accountant, but he has not been admitted. The result is a measurement. I didn’t know what I was reading at first, but later I saw Syllabus (syllabus), knowing that it’s related to real estate. You know that Hong Kong people’s traditions are (read) “three divisions” or picking “bricks”, now even more, “bricks “Professionals may be popular.” “Three divisions” generally refer to physicians, lawyers and accountants, and also to architects.

The surveyors are only collectively referred to as six items: construction materials (cost control), construction (research regulations), industry (valuation financing), land (division of land), property management (property management), planning and development (urban planning). The professional measurement category; in the end, Zhao Jinquan is interested in the industry. “One of the first (valuation financing) is the most boring, and in the early 1980s, Hong Kong’s real estate was booming and building more.”

Abstract concept dataization test

After graduating from college in 1984, Zhao Jinquan joined Jones Lang LaSalle, and his immediate supervisor was Liang Zhenying, who was also an industrial surveyor. “The nature of the work of the surveyor was relatively simple, and it was valuation, real estate trading, and property management.” In 9 years, in 1993, Liang Ziying opened the portal, founded Liang Zhenying surveyor, Zhao Jinquan and many other assistants to follow the file; CY company merged with DTZ in the UK and Dai Yuxiang in Singapore to become today’s DTZ.

When asked why he gave up his position in a multinational bank and resolutely joined Leung Chun-ying’s “start-up” company, Zhao Jinquan explained that the market’s confidence was different in the years before the return of the time. Jones Lang’s attitude toward entering the mainland, Liang Zhenying and Zhao Jinquan were confident. At the time, we felt that since the company did not want to go to the Mainland (in the Mainland), it would be better to set up a separate gateway to seize the opportunities in the Mainland.”

In the 34 years of measurement, the number of projects handled has been numerous. In addition to valuation, it also helps clients deal with lawsuits, modify land leases, replenish land prices, objection to rates notices, and provide advice on real estate consultants. In the 1980s, the rental control was still not cancelled. From time to time, he went to the Lands Tribunal to handle the valuation work involving rent control. In the 1990s, he mainly conducted mortgage evaluations for banks and also evaluated assets for companies applying for listing. In recent years, This includes assisting the Lands Tribunal in calculating compensation for land resumption.

From the listing of Henderson China (delisted) in the 1990s, and even the reorganization of the elderly and the department, Zhao Jinquan also participated. “It is a test of several majors. Of course, it is good to do it, but it is necessary to practice without sleeping, valuation, draft, Answering the problems of the Stock Exchange and the Securities and Futures Commission, they all took the time to work; the stage of Bulk printing was more serious. You know that the real estate prospectus was thicker than that, at least 30 to 40 hours.”

Doing the valuation, of course, the data is first, but Zhao Jinquan describes it, which inevitably involves subjective opinions. “The first lesson of reading has been taught: Valuation is an art, you can’t use a completely scientific method to make a number, simply come It is said that the 16th floor and the 17th floor are of course different, but how big is the difference? There are no specific criteria, so there are many ways to support this data; especially in court, it is necessary to digitize abstract concepts and present them to judges and lawyers.”

Try to find all kinds of traps

Since the mid-1990s, local surveyors have looked north to Shenzhou, and Zhao Jinquan has also had a share. “Strictly speaking, I am the second generation. Liang Sheng (Liang Zhenying) and Mr. Jian Fuzhen are the first generations.” Liang Zhenying One of the earliest Hong Kong companies that provide real estate information services in the Mainland, the advantage of the competition is that there is less competition, but they are also trying to “snap” different traps. “There was really no way to step on (trap).”

He did not say that the mainland measurement market was still not open, and the cultural and institutional differences, the first 10 years were basically quietly working, “only planting, no harvest”; asked if Liang Zhenying has a good network, will the company develop relative flat? Zhao Jinquan shook his head and said that this “element” has never brought any benefits to the company. He also said that CY itself is a principle. In order to avoid Gua Tian Li, it is necessary to avoid suspicion. “So we can do it, only wait.” Fortunately, since 2000, with The mainland is gradually opening up to the relevant markets, and the business is finally on track.

In recent years, the high property prices in Hong Kong have not been high. What is Zhao Jinquan’s opinion on the valuation of countless properties? He described the supply chain as having problems; after the reunification, former Chief Executive Tung Chee-hwa proposed the “85,000” policy. The property market began to fall. Later, Donald Tsang came on the scene, stopped selling land and housing supply, and cut off the entire supply chain. The average annual number is 30,000 (units), and after 2000, it is less than 10,000 per year, which means that there is a shortage of 20,000 a year, and the situation lasts for many years.

Although the two SAR governments have all stressed the need to increase housing supply, they have been unable to catch up with the pre-return level. “In short, they are all supply and demand problems.” Then will the future property prices be lowered, he admits that “rigid demand” has accumulated For many years, the supply shortage is difficult to solve at one time and five moments, and there is no such opportunity in the short term. The shellless snails who want to get on the bus seem to be able to wait patiently like Zhao Jinquan, who was originally developed in the north.

Where the industry that is in contact with real estate is more or less benefited from the rise in property prices, the boss and the buddy want to make money from the company; however, there is an alternative inspiration from Zhao Jinquan’s words, which is also a bit of artistic taste.