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Director, Property Asset Value Enhancement

Hong Kong Permanent HK$100,000 - HK$120,000 per month (HK$1,200,000 - HK$1,440,000 per year) View Job Description
As an Director, you will lead asset enhancement work across a Property portfolio to improve asset value and commercial performance. You will shape practical plans and deliver initiatives that help the business make informed property decisions.
  • Attractive Salary
  • Stable long term career

About Our Client

Our client is a leading property developer with investments across a diverse portfolio of properties.

Job Description



  • Develop and execute asset enhancement strategies for a portfolio of student accommodation and retail properties, with the objective of improving asset positioning, operating performance, investment returns, and long-term capital value.


  • Conduct comprehensive reviews of individual assets and formulate business plans covering property repositioning, refurbishment, change of use, tenant-mix enhancement, operational improvement, and other value-creation initiatives.


  • Lead the preparation and implementation of annual asset plans, operating budgets, capital expenditure plans, and performance targets, ensuring alignment with the company's investment objectives.


  • Monitor the financial and operational performance of the portfolio, including revenue, net operating income, occupancy, rental performance, operating costs, tenant sales, footfall, rental collection, and return on investment.


  • Identify under-performing assets and recommend practical turnaround strategies to improve income, occupancy, operational efficiency, and market competitiveness.


  • Evaluate proposed asset enhancement initiatives through market research, financial modelling, feasibility studies, cost-benefit analysis, and investment return assessments.


  • Lead asset enhancement, refurbishment, renovation, and repositioning projects from the planning and feasibility stages through to execution and completion, ensuring projects are delivered within the approved budget and timeline.


  • Work closely with project management, design, leasing, operations, marketing, property management, finance, and legal teams to ensure the successful implementation of asset strategies.


  • Oversee the performance of student accommodation assets, including occupancy, rental rates, resident experience, operating efficiency, ancillary income, and overall competitiveness.


  • Develop leasing and commercial strategies for retail assets, including trade-mix optimisation, tenant replacement, lease renewal, rental reversion, vacancy reduction, and the introduction of suitable brands and concepts.


  • Collaborate with the marketing and operations teams to develop customer engagement, membership, event, branding, and promotional strategies that increase footfall, tenant sales, and customer loyalty.


  • Review property management standards and operating procedures to identify opportunities for cost optimisation, service enhancement, digitalisation, and improved customer or resident experience.


  • Manage project budgets, operating costs, and resource allocation, while maintaining effective cost control and maximising the financial performance of each asset.


  • Prepare regular asset performance reports, financial analyses, business proposals, and recommendations for senior management and relevant investment committees.


  • Maintain a strong understanding of market trends, competitor performance, consumer behaviour, student accommodation demand, and emerging retail concepts to support strategic decision-making.


  • Build and maintain effective relationships with tenants, operators, consultants, contractors, government authorities, business partners, and other key stakeholders.



The Successful Applicant



  • Bachelor's degree or above in Real Estate, Property Management, Business Administration, Finance, Investment, Surveying, Marketing, or a related discipline. Relevant professional or postgraduate qualifications would be an advantage.


  • Minimum 15 years of relevant experience in asset management, commercial real estate, property investment, retail portfolio management, student accommodation, or mixed-use developments.


  • Demonstrated experience in asset enhancement, property repositioning, refurbishment, leasing improvement, operational turnaround, or value-creation projects.


  • Experience managing student accommodation, serviced apartments, rental housing, shopping malls, community retail projects, or mixed-use developments would be highly preferred.


  • Strong understanding of real estate investment principles, asset management, leasing, property operations, marketing, customer experience, and capital expenditure management.

What's on Offer

  • Attractive bonus
  • Full medical covered
  • Friendly working culture



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Contact
Radeon Choy
Quote job ref
JN-112026-7138385
Phone number
+852 2848 4719

Job summary

Function
Property
Specialisation
Property & Asset Management
What is your area of specialisation?
Property
Location
Hong Kong
Job Type:
Permanent
Consultant name
Radeon Choy
Consultant phone
+852 2848 4719
Job Reference
JN-112026-7138385

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.