Monthly Update – February 2011

Market News

For the first time in a number of years, home sales have started to fall in Guangzhou, Foshan, Dongguan, Zhongshan and Zhuhai showing that the methods introduced by the Chinese government to cool the rising housing market seem to be working. Results from the other cities that had new measures introduced are expected in the coming months.

This month also saw China overtake Japan to become the world’s 2nd largest economy. GDP growth of 9.8% in 2010 took China’s total to US$5.88 trillion. This is still some way behind the US but analysts expect China to overtake them in around 10 years time.

Shanghai Disneyland will begin construction in March as the Shanghai government announced it will invest 40 billion Yuan into tourist projects to make it a leading global tourist destination.

In Hong Kong, Chep Lap Kok Airport was named the world’s best airport for the 5th year running by Skytrax. Asia airports dominated the top 10 and analysts predict this will only continue as investment keeps flowing into airport projects in the region – this includes the potential expansion of Hong Kong’s airport with a 3rd runway.

Hong Kong Airportphoto © 2009 Andy Mitchell | more info (via: Wylio)

A new eco-economic zone at Poyang Lake in China’s Jiangxi’s Province was announced. 700 projects are planned with an investment of more than US $120 billion over the next few years! These projects range from infrastructure schemes through to aviation and new energy projects.

In Singapore, LV Sands has said that it wants to buy more land around it’s Marina Pay Sands project. They forecast that most of the usable space will be occupied in the next 2 years although they don’t plan to expand their casino operations. The focus will be on more exhibition and conferencing space. LV Sands says they will see a return on their invertment at Marina Bay Sands within 4 years which is phenomenal!

Poll Result

This month’s poll asked the question “What Motivates You at Work?” We had a great response with the 100 votes coming in quickly.

The results are as follows:

 

These results seems to suggest that working on exciting projects with a prestigious company is more important to employees than remuneration and job title. This is interesting because we find the majority of candidates looking for new opportunities rate their potential new package and job title much higher than the type of work they are going to be involved with. Does this mean the emphasis for companies should switch from focusing strongly on what salary someone is looking for to what projects they can offer someone? Maybe. We would always suggest a balanced approach that sells the opportunity and company strongly with a financial offer that is the best they are able to put forward for that position.

Our article on job title is receiving some interesting comments and can be found by clicking here.

What’s Hot

Following the Chinese New Year holidays we have been extremely busy in a number of areas.

Hong Kong developers are asking us to find strong project management, coordination and marketing candidates. These are for roles to be stationed in Hong Kong (which is quite unusual) and also to be stationed in some 2nd tier cities in China. They range from quite junior positions up to more senior level hires – there are some great opportunities for people looking to make the switch to the client side.

We have also had a number of roles for senior interior design candidates to be based in Hong Kong and in China. There are opportunities for people with strong Mandarin language skills in addition to experience working on China projects. On the architectural side of things a number of practices in China continue to search for strong Mandarin speaking Project Architects. The competition for candidates is fierce and the market increasingly competitive. Some of our clients are therefore open to considering Mandarin speaking candidates based overseas who perhaps wish to return to Asia. Registered HKIA architects in Hong Kong are also in high demand. These are to work on projects in Hong Kong and the mainland.

We continue to look for strong M&E engineers at all levels and some senior structural design candidates for a number of Hong Kong’s engineering consultancies and contractors.

Most Urgent Requirements

We have outlined below the urgent vacancies we have had through from clients over the last month.

  • Senior Project Managers – China – Leading Top Tier Hong Kong Developer (to be stationed in China)
  • Project Architect – Shanghai – US Design Practice (Mandarin language essential)
  • Marketing Manager – Hong Kong – Top Tier Hong Kong Developer (less experienced candidates will be considered for less senior roles)
  • Project Co-ordinators – Hong Kong – Leading Developer
  • Managing Director Interiors – Hong Kong – International Hospitality Design Company
  • Project Managers & Assistant Project Managers – Hong Kong – Top Tier Developer

In addition we are still keen to hear from Engineers at all levels with strong structural, M&E and MEP experience for positions in Hong Kong. We’d also like to speak to experienced Architects interested in roles in Hong Kong and China, especially if you are HKIA or equivalent registered. Applications from Project Managers with solid China experience are also welcomed.

Please visit our website for more information on the above roles and our other vacancies:

http://www.ellicottlong.com/current-jobs.

If you wish to enquire about a position please send an email and your CV to apply@ellicottlong.com.

Don’t forget you can follow us on Twitter here: www.twitter.com/ellicottlong. Please also subscribe to our blog by filling in the email subscription form on the right to stay up to date with our latest posts, updates and information.

 

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One Response to Monthly Update – February 2011

  1. Pingback: Normal posts will resume next week… « Ellicott Long's Blog

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