Asia’s cities reap rewards from smart solutions
Overheating Asian metropolises remain plagued by traffic congestion, unregulated and unplanned development, and a lack of buy-in from the top to tackle pressing energy and sustainability concerns. But with great challenges come ‘smarter’ opportunities to plan, design, and build cities better
Today’s cities are not as smart as they think they are. At least not according to Charles Reed Anderson, who leads the IoT (internet of things) advisory firm CRA Singapore. During the Internet of Things World 2018 conference in California, Anderson branded the construction industry “laggards” in adopting new technology.
“Do you really see it today?” Anderson asked the crowd of business leaders and millennial tech entrepreneurs. “How many solutions do you see that are truly transforming your life?”
As we approach the third decade of the 21st century, property development is growing at a rate of just one percent per year versus an average of 2.8 percent across all industries, according to Anderson.
More: How Asian cities are catering to the public
The need for radical solutions to urban problems from population growth to climate change draws ever closer. Over 50 percent of Asia’s population currently lives in cities, more than a five percent growth over 10 years. According to the UN, that number is likely to be at 70 percent by 2050.
Meanwhile, core Asian metropolises from Jakarta to Delhi remain plagued by traffic congestion, sprawling, unregulated development, and a wilful lack of substantive measures to tackle energy consumption and resource management.
But with these challenges brings opportunity to revolutionise how we approach infrastructure, homes, transport and the workplace, and build dynamic cities prepared to grow economically while preserving resources and offering liveable, green environments. Here, we examine four of the key issues that cities around Asia must address if they are ever to see a smart future.
This article is the first in a five-part series. It originally appeared in Issue No. 153 of PropertyGuru Property Report Magazine. Read the second, third, fourth and fifth parts
6 of the exciting areas to visit in Lipa, Batangas (PH)
With its cool weather, nature, and laid-back lifestyle, this city in Batangas Province is a rising star
Ok, boomers, Gen X’ers: Where are they now in their property journeys?
Ageing societies in Southeast Asia mean that catering to the requirements of mature investors will be a key challenge for developers
Residential renaissance: Branded residences shine bright amidst pandemic property plight
Branded residences saw an upsurge in interest during the pandemic with investors lured by access to luxury hotel amenities and services
Conversational AI, the brains behind intelligent virtual assistants
Nick Myers, CEO of RedFox AI, and Tina Ryan, podcast and events host, chat about chatbots and conversational AI, an ethical innovation for the people