Founder-CEO & Chief Analyst, Real Estate Foresight

Robert Ciemniak

Robert is the Founder-CEO & Chief Analyst of Real Estate Foresight Ltd (REF) (www.realestateforesight.com), an independent analytics, research, and consulting firm based in Hong Kong and focused on the Mainland China property markets. 

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development.

This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities.

The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

More info: https://www.realestateforesight.com

Robert started the company in 2012, after 13 years at Thomson Reuters in two major roles as Global Head of Real Estate Markets (London/Hong Kong) and earlier as Head of Corporate Foresight in Group Strategy in London. He holds a dual MBA degree from London Business School and Columbia Business School in New York, and MSc from Warsaw School of Economics. Robert holds an international master in chess title.

In 2017, Robert founded Robotic Online Intelligence Ltd (ROI) (www.roboticonline.ai), a startup in AI-powered automation of research for data collection and market intelligence, serving primarily data companies and research firms. 

ROI's Kubro(TM) Information Engine enterprise SaaS solution has been deployed commercially since 2018, with clients in the US, UK, and Asia, in areas ranging from real estate, and policy research, to data centers, and carbon and digital asset markets.

Founder-CEO & Chief Analyst

REF China Property Developers In Distress - Weekly News & Announcements Tracker | May 22-28, 2026

14th Annual China Property Outlook - REF Forecast Summary For 2026 | "10 Distinctions"

China Property Predictions: In Hindsight On 2025 And "Draw The Line" 2026

China Property - Is The Delivery Of New Homes (Pre-Sold Pre-2022) Problem Solved?

China Property Developers In Distress - Weekly News & Announcements Tracker | Feb 12-26, 2026

Real Estate Foresight

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development. This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities. The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

Predictive Analytics for China Property

Thematic (Sector/Industry)

Hong kong Equity real estate investment trusts (reits) / Thematic (Sector/Industry)

<ul>
<li>Hong Kong new home sales (March 2026, units sold) were +24% 12MMA y/y, secondary transactions at +26%.</li>
<li>Secondary price growth y/y accelerated to +9.8% for the all-developments index, +10.4% for select developments.</li>
<li>Inventory data (for December; March data not released yet) continues to show improvements. </li>
</ul>


Hong Kong new home sales (March 2026, units sold) were +24% 12MMA y/y, secondary transactions at +26%.
Secondary price growth y/y accelerated to +9.8% for the all-developments index, +10.4% for select developments.
Inventory data (for December; March data not released yet) continues to show improvements. 


香港不動産：住宅市場の回復を数値とグラフで見る - 2026年3月のデータ