Real Estate
Real Estate and the Economic Fabric
We see Real Estate as an asset class which should occupy a central and important role in the Capital Markets and modern economies. While Real Estate as a whole is by far the single largest asset class in the world, yet it is only in the recent years that its ownership and management starts to be institutionalised. Indeed, as an institutionalised asset class, Real Estate is still significantly smaller than bank deposit, fixed income, equities or even gold.
We also take the view that Real Estate could have important roles to play in the world of Fiat money system that the world has moved into since 1971. Above are but two of the main factors which underpin our view that it is important for every society to ensure that the development of its real estate market is on a healthy and sustainable path.
“Why look at others when real estate is so simple…”
– Martin Whitman
We believe that Real Estate should sooner or later overtake Gold as the fourth largest institutionalized asset class in the world and its size could well rival equities, fixed income and bank deposit over time.
HKH Research house
Our Maisons of Real Estate Assets and Companies
We see Place-making as one central them in the development and creation of real estate values and that mixed development provides a powerful paradigm to the creation of places where humans interact pleasantly and productively, and therefore the creation of real estate values.
We also take the view that real estate process is often as much about operational excellence as a striking a proper and healthy balance between various types of real estates as well as the company’s recurrent income and its investments in development endeavours.