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2024 ULI Hong Kong Conference 2024 ULI Hong Kong Conference
1880 SOCIAL, Hong Kong, China October 23, 2024
Speaker

Mr. Phil Kim

Chairman Jerde Partnership

Phil Kim is a Chair, Board Member, Shareholder and Managing Director Asia Pacific at the Jerde Partnership, Inc. in Los Angeles and Asia, focusing on Jerde’s constantly evolving places that has impacted and rejuvenated Asia cities, with the firm recognized with 160 international design awards. He advises companies and cities on innovation in integrated development, retail, urban revitalization, vertical cities and the value creation of place. Langham Place Hong Kong, Roppongi Hills Tokyo and Quay Quarters Sydney are past and present notable projects representative of a people-based design that draws over one billion visitors to Jerde projects around the world annually in twenty countries. He is a ULI Trustee, former Chair of the Hong Kong National Council, Co-Chair of the UrbanPlan education initiative for Hong Kong and Asia, and an Asia Pacific Executive Council member. He is also a Founding Member of the Institute for Sustainable Urbanisation focusing on urban regeneration of emerging cities.

Speaking at

Wed 23 Oct 3:30 PM — 4:15 PM (GMT+08:00) Beijing, Chongqing, Hong Kong, Urumqi

Main Plenary – A Bull vs Bear Debate – Hong Kong’s Retail Market Landscape – What’s Next?

While retail figures have rebounded after reaching historic lows in 2020 due to the pandemic, the preferences and behavior patterns of both tourists and residents have changed. The rise of "budget travel" and Gen Z's propensity to spend money on experiences rather than physical goods presents major challenges, thus vacancy rates across the city are at an all time high, with large numbers of visibly empty shop fronts.
During our two-on-two debate session, the teams will address the following key questions:

• Is high rent killing retail?
• Can retail tourism be brought back?
• Is luxury retail the solution?
• Can budget travel revitalize the trade?
• How can Hong Kong local trade survive in the face of leakage to Shenzhen?
• Is the existing offer adequate, or does Hong Kong retail need to be re-invented?