UNIVERSITY OF HONG KONG
FACULTY OF ARCHITECTURE
Seminars

Mingze BAI

Mingze BAI
Date:
27-Sep-2022
1:00 pm - 2:00 pm
Venue:
To be held virtually via Zoom
Title:
Translating the Built Environment as rent-generating Assets: The Development of REITs in “property states”
Speaker(s):
Mr. Mingze BAI
PhD Student, Department of Urban Planning and Design, The University of Hong Kong

The Centre of Urban Studies and Urban Planning is pleased to invite you to attend the RPG Research Seminar on 27 September 2022, (Tuesday) 13:00 to 14:00 via Zoom.

*Pre-registration required, zoom link will be provided upon successful registration. [Deadline: 26 September 2022 (Monday) 12:00 p.m. (HKT)]
Registration: https://bit.ly/3RZfYsC


Abstract
Financialization requires a renewed understanding of the complexity of urban development. From the perspective of planning and urban studies, the contemporary trend of financialization foregrounds a dual role of the built environment (BE). On the one hand, BE functions as the physical foundation of human habitats, which caters to the needs of its surrounding users. On the other hand, there is an increasing trend of trading the BE as financial assets, which delivers shareholder value to investors. The development of real estate investment trusts (REITs) exemplifies this duality of BE because of their institutional features. REITs hold BE as rent-generating assets and convert locally collected rents as dividends distributed to global investors. Focusing on REITs’ development in Hong Kong and Singapore, I will follow a process-oriented research approach and investigate through what mechanisms REITs translate the pressure of creating financial value as changes in Hong Kong and Singapore’s BE.


About the Speaker
Mr. Mingze BAI (白明澤) joined DUPAD in 2021. Before locating in DUPAD, Mingze was trained in the discipline of sociology in Beijing and Amsterdam. Mingze’s research interests include urban planning, urban governance, and the mutual influence between real estate and finance. With a geographical interest in East Asian cities, Mingze is particularly interested in how modern high finance penetrates the production of the urban built environment and how this financialization process gives rise to a new landscape of urban development. Methodologically, Mingze follows a comparative, process-oriented approach and conducts mix-methods like interviews and textual analysis.


~~ ALL INTERESTED ARE WELCOME ~~
Enquiries: 3917 2721
CENTRE OF URBAN STUDIES AND URBAN PLANNING
THE UNIVERSITY OF HONG KONG

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