It was a great privilege for Asia Blockchain Review to catch up with Datuk Clifford Hii, Group Managing Director of HCK Capital Group, recently. This is the second part of our interview with him.

At Asia Blockchain Review, we are obviously focused on blockchain technology and the crypto market. Recently real estate STO has become quite a big deal. What’s your take on all this from HCK’s perspective?

Blockchain which is Bitcoin’s underlying technology is definitely a very powerful piece of technology. I personally had invested in some blockchain start-ups.

These days, people are getting very demanding when it comes to tech. The usual demand by customers is usually convenience and speed. This can be seen in most successful start-ups that integrate both elements into their products.

The same concept can be applied to real estate tokens. Real estate STO solves the issues of investors who look for conveniences and speed when buying a fraction of the real estate which is palatable to them – as opposed to all the hassle of having to hire a lawyer, going through all the paperwork or seeking consent from the authorities which in most cases could take up to three to six months.

One of the many factors that most of blockchain or cryptocurrency start-ups failed is because they do not have an underlying security or asset to back their business ventures. Hence, real estate tokens can be a game changer for the industry.

Finally, what do you see in your crystal ball for the future of real estate in Malaysia and the APAC? How will a company like HCK stay ahead of the curve in this regard? What are some lessons or recommendations that you can offer our readers to stay vigilant and aware of the latest developments in this real estate market?

I believe that the real estate industry in Malaysia will be getting more challenging and competitive moving forward. The COVID-19 crisis may prompt some developers to consolidate over the next couple of years.

HCK Capital Groups stays relevant by combining our brick and mortar business together with digital advancement. To break the barriers of lock down or movement restrictions, our business is bound to be more interactive with increasing number of virtual tours as options for potential purchasers to catch a glimpse of their desired real estate.

My personal take is that at the end of the day, real estate still provides the most solid or stable form of investment. This is even more so in Malaysia which is considered by many investors to have one of the most affordable real estate markets in the world.

In order to catch the latest news and updates, you may try to access property portals such as Property Guru and Iproperty – both of which are major online real estate sites in Malaysia. They always feature the latest real estate developments in their news section.

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About the author

Anil Prabha

Editor In Chief

Anil started his career in journalism all the way back in 2003. After traversing the sphere of editorial, corporate communications and advertising, he has now come full circle and is back in the world of journalism. He believes in the power of the written word, and its ability to enthrall, delight and inform the reader.