Jones Lang Lasalle

Dr. Megan Walters

Real Value In A Changing World

JLL is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. 

At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

JLL has over 50 years of experience in Asia Pacific, with 36,800 employees operating in 95 offices in 16 countries across the region. The firm won the 'World's Best' and 'Best in Asia Pacific' International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year by Real Capital Analytics. 

Thematic (Sector/Industry)

Hong kong Real estate / Thematic (Sector/Industry)

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/046/525/original/Blog_7Mar2018.JPG?1520492652" class="editor-image img-responsive" data-smartkarma-image-id="46525"></figure>By <a href="http://www.jllapsites.com/research/author/ingrid-cheh/" target="_blank">Ingrid Cheh</a> / <a href="http://www.jllapsites.com/research/sectors/residential/" target="_blank">Residential</a> / <a href="http://www.jllapsites.com/research/geographies/hong-kong/" target="_blank">Hong Kong</a>Last week, the Hong Kong Government announced that starting second quarter of 2018, tender amounts from all tender submissions in the government land sale market, will be published on an anonymous basis. In the past, only the winning bid’s tender amount was disclosed.In auction theory, winner’s curse happens when the winning bid in an auction exceeds other competing bids as well as the inherent or true worth of an item. This is a recurring phenomenon in…

By Ingrid Cheh / Residential / Hong KongLast week, the Hong Kong Government announced that starting second quarter of 2018, tender amounts from all tender submissions in the government land sale market, will be published on an anonymous basis. In the past, only the winning bid’s tender amount was disclosed.In auction theory, winner’s curse happens when the winning bid in an auction exceeds other competing bids as well as the inherent or true worth of an item. This is a recurring phenomenon in…

Winner’s Curse in the HK Land Sale Market