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Event Recap β’ In Conversation With
Bridging the Economic Gap to Sustainable Real Estate
π 11 June 2026 β’ π Haworth Singapore Office β’ Organised by Annexion & Haworth
On the evening of 11 June 2026, Annexion and Haworth Singapore brought together a room of senior professionals from across the Built Environment for the latest edition of In Conversation With β a forum series designed to surface the conversations the industry needs to have, not the ones it is comfortable with.
The topic was the economic gap in sustainable real estate. Not the ambition. Not the targets. The harder question beneath all of it: who actually pays, who carries the risk, and who is responsible for making it work on the ground.
What the room talked about
Moderated by Ho Chee Kit, the panel opened with a provocation: decarbonisation in real estate is no longer a question of vision. The harder question is execution. And execution, the panel made clear, lives or dies on financial alignment.
Miak Ou (SC Capital Partners) set the tone early, distinguishing between different types of capital actors and the very different sustainability conversations each one is having. For an opportunistic fund with a five-year holding period, sustainability initiatives are evaluated against three non-negotiables: exit liquidity, financing costs, and lease resilience. If a decarbonisation goal does not connect to one of these, it will not survive contact with the investment process.
Miak Ou, Senior Director, Head of Sustainability β SC Capital Partners
Justin Lau (China Construction Bank) brought the lender's perspective β how credit teams look beyond green labels to assess whether a borrower can demonstrate genuine performance improvement, and how regulatory alignment, P&L strength, and governance quality all factor into financing decisions. The message was clear: the bank conversation starts well before the loan application.
Justin Lau, Real Estate Finance Head β China Construction Bank
Joanna Chen (JLL) brought the operational dimension. Data collection, she argued, is not a sustainability output β it is the precondition for one. Without a reliable baseline, no bank conversation can begin, and no board commitment can be meaningfully delivered on the ground. The gap between boardroom intent and field-level execution is rarely about willpower. It is about governance structure and line of sight.
The panel in discussion at Haworth Singapore, 11 June 2026
Across the three sections of the discussion, the room kept returning to the same underlying tension: the people who set sustainability targets are often not the same people who have to fund, finance, or deliver them. Closing that gap requires more than ambition. It requires structured alignment across the entire asset lifecycle.
5 things the conversation kept coming back to
01
Before sustainability can be strategic, it has to be financial.
02
The holding period determines everything.
03
Good intentions without financial grounding is how greenwashing starts.
04
Data collection is a precondition, not an output.
05
The gap between boardroom commitment and ground-level delivery is about governance structure and line of sight β not willpower.
The panel
Joanna Chen
Director, Sustainability Operations APAC
JLL
Justin Lau
Real Estate Finance Head
China Construction Bank
Miak Ou
Senior Director, Head of Sustainability
SC Capital Partners
Ho Chee Kit (Moderator)
Strategic Advisor
Chasel Solutions
Watch the full conversation
This forum is part of Annexion's ongoing In Conversation With series, bringing together senior leaders from across the Built Environment for focused, honest conversations on the issues that matter. Watch the full recording on the Annexion YouTube channel.
This is one conversation in an ongoing series.
The industry doesn't change from a single forum. But it starts somewhere.
Powering Possibilities
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