Alternative Investment

Alternative Assets - Part 10


This eCourse consists of two modules. Module 1 describes the fundamentals of real estate and distinguishes between the residential and commercial real estate sectors (and subsectors). The characteristics of real estate as an asset class are discussed in detail, including a comparison with other asset classes. The tutorial also looks at the phenomenon of real estate cycles and the features of such cycles.

Module 2 describes the different means by which investors can obtain exposure to real estate as an asset class. It begins by looking briefly at the dynamics of both the residential and commercial real estate sectors from an investment point of view. The tutorial then moves on to contrast direct investment in “bricks and mortar” to various methods of indirect investment, with particular emphasis on real estate investment trusts (REITs) which have become hugely popular in recent times.


On completion of this course, you will be able to:
- Identify the characteristics of real estate and the role of the key players in real estate markets
- Distinguish between the two real estate sectors, residential and commercial, and their subsectors
- Recognize the main features of real asset as an asset class
- Differentiate between direct and indirect investment in real estate, and outline the key dynamics of the residential and commercial sectors
- Describe the main considerations for investors looking to invest directly in physical properties
- Explain the various methods of indirect investment in real estate and the differences between these methods

Content Highlight

Module 1: Real Estate - An Introduction
Topic 1: Real Estate Basics
Topic 2: Real Estate Sectors
Topic 3: Real Estate as an Asset Class

Module 2: Real Estate - Investing
Topic 1: Real Estate Investment
Topic 2: Direct Investment
Topic 3: Indirect Investment

Administrative Details

Relevant Subject
Type 9 - Asset management
SFC:2.00, PWMA:2.00
All Member: HKD570
Non-Member: HKD840
Staff of Corporate Member: HKD570