Reflection – Mind Mapping (Module 3)

Private Property Acquisition Research

1. Challenge

I am working in the property development team. Our main duty is identify property

development opportunities and conduct feasibility studies on land acquisition and new

development projects. Also, we have to pay attention to updated market practice. I have been

given a task to study about the private acquisition of the private investor/ REIT in Hong Kong.

It is a large scope of topic as there can be numbers of individual investors and they may

conclude different observations. Besides, the information available may takes time to digest.

It is quite a challenge for me.

2. Selection and Application

After I try to understand what the problem is, I select the thinking tools that can help me to

think and conclude the observation. Since this task is focus more on research, it is not focus

on customer service or experience. Therefore, I find visualization and learning launch not

applicable. Storytelling is also not practical in my case.

Under this circumstance, I think mind mapping is the best way to help me finish the task. The

main reason is because mind mapping can assist me digest massive of market information and

transaction that I search online and then come up with the summaries of how the REIT or

private investor sell or resell their properties. I then can conclude the observation based on

these summaries.

To start with, I divide the private acquisition into two categories. One is en-bloc transaction

and the other one is strata transaction. Based on the nearly 100 transactions I have collected

in the private market, I conclude that the main purpose of their acquisition is redevelopment

of investment. For redevelopment, they will redevelop or renovate the old industrial buildings

to new user like commercial building. For investment, they may acquire the en-bloc buildings

and then rent it out or sell it by floor or units so as to earn higher income. I also include some

example in my mind mapping.

3. Insight

In fact, the mind mapping presentation has been amended for a number of versions. From the

very first one, I only focus on some big REIT/ investor. Thus, the finding is very direct and not

all rounded. Then, I widen the research areas and do it phase by phase. My insight is that we

are keeping thinking and improving the mind while we are creating the mapping. The only

thing we have to ensure is that the direction is on the right track. Sometimes, it is good to think

of many different versions for the answer. During the process, I will be able to discover more

findings and inspiration. At the end, I have create two mind mapping using the data collected.

They are representing different ideas. The first one can present all the properties including

office, retail and carpark are the target for the private investors/REIT to acquire. The second

map explains the consideration for private investors/REIT to make a property acquisition

decision. Both are my conclusions after studying the private market transactions.

4. Approach

I think I will adopt the same approach next time if I handle such task at work. This is a clear

and time-saving way to run through massive of information and then conclude the findings.


Reflection – Mind Mapping ( Module 3 ) Private Property Acquisition Research 1 . Challenge I am working in the property development team . Our main duty is identify property development opportunities and conduct feasibility studies on land acquisition and new development projects . Also , we have to pay attention to updated market practice . I have been given a task to study about the private acquisition of the private investor/ REIT in Hong Kong . It is a large scope of topic as there can be numbers of individual investors and they may conclude different observations . Besides , the information available may takes time to digest . It is quite a challenge for me . 2 . Selection and Application After I try to understand what the problem is , I select the thinking tools that can help me to think and conclude the observation . Since this task is focus more on research , it is not focus on customer service or experience . Therefore , I find visualization and learning launch not applicable . Storytelling is also not practical in my case . Under this circumstance , I think mind mapping is the best way to help me finish the task . The main reason is because mind mapping can assist me digest massive of market information and transaction that I search online and then come up with the summaries of how the REIT or private investor sell or resell their properties . I then can conclude the observation based on these summaries . To start with , I divide the private acquisition into two categories . One is en - bloc transaction and the other one is strata transaction . Based on the nearly 100 transactions I have collected in the private market , I conclude that the main purpose of their acquisition is redevelopment of investment . For redevelopment , they will redevelop or renovate the old industrial buildings to new user like commercial building . For investment , they may acquire the en - bloc buildings and then rent it out or sell it by floor or units so as to earn higher income . I also include some example in my mind mapping . 3 . Insight In fact , the mind mapping presentation has been amended for a number of versions . From the very first one , I only focus on some big REIT/ investor . Thus , the finding is very direct and not all rounded . Then , I widen the research areas and do it phase by phase . My insight is that we are keeping thinking and improving the mind while we are creating the mapping . The only thing we have to ensure is that the direction is on the right track . Sometimes , it is good to think of many different versions for the answer . During the process , I will be able to discover more findings and inspiration . At the end , I have create two mind mapping using the data collected . They are representing different ideas . The first one can present all the properties including office , retail and carpark are the target for the private investors / REIT to acquire . The second map explains the consideration for private investors / REIT to make a property acquisition decision . Both are my conclusions after studying the private market transactions . 4 . Approach I think I will adopt the same approach next time if I handle such task at work . This is a clear and time - saving way to run through massive of information and then conclude the findings .