Career switch from property developer to ___?

Hi all, I'm looking for some career advice. To introduce myself, I'm a Management Trainee (MT) in a property developer in Hong Kong. I've worked in my current firm for 1.5 years and am about to complete my MT program. I've gained experience in Residential Sales and Leasing on top of CRM Marketing through the program. But, I question if working here still makes sense...

I'm having doubts because: (1) the firm might not place me in a desired department. I asked to work in commercial real estate (office or retail) leasing but vacancies might not exist, (2) there is a cultural misfit, & (3) the workplace language is cantonese, which I'm less fluent in than my peers so they'll always be ahead of me.

As I explore new roles, my questions are:

  1. What are the English-speaking, real estate related firms in Hong Kong that I should look into? I've already applied to RE services firms like CBRE, JLL, Knight Frank, and western developers like Swire etc., but I think my list is far from complete.

  2. Is it possible to get an entry-level investment analyst or asset mgmt role without a finance degree? I have a friend who did so in the US, but I'm not sure if HK RE investment/AM firms are stricter about degrees (I hold an MPA (Public Adm) + BA in Politics)

  3. JLL in China interviewed me for a research analyst role due to my developer experience, they said. This got me thinking, are there roles/firms out there that value developer experience, apart from other developers, that is?

  4. How often should you follow up with recruiters? Also, as this is my first time working with recruiters, I'll like to know how we can work together effectively.

  5. Should I be focusing my job search on China instead of HK? My written/spoken mandarin is much better than my cantonese so my career growth is more limited in HK?

Feel free to critique or ask further questions. I'm still brainstorming, and there are likely things that I haven't considered but are important. One last thing: my salary package is on the high-end for a junior role so I'm ready for a pay cut, in case you're wondering.

 

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You're welcome.

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I’m in Japan, in a US-based real estate private equity, covering the APAC region.I started off as a local developer in Tokyo so I may be able to help you, based on seeing my HK and Chinese colleagues. Sorry if I am way off the actual recruiting process...

  • Big-4 type consulting, including financial advisory services, covering real estate sector, or real assets valuation or, maybe look into JLL and CBRE outside of HK, like mainland, Singapore, etc.
  • As you are fluent in English, I think an American/European firm may be willing to hire you - real estate is very local so it’s hard to find good people with local development expertise, who can still report to HQ in English...
  • For real estate private equity, at least for my colleagues, they are 1) from top US or local schools, in economics/mathematics 2) Passed CFA and have experience in RE valuation at a big4, and/or 3) Seriously good at modeling. They are also all fluent in English.

Good luck!

 

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