{"id":15874,"date":"2016-06-08T18:23:35","date_gmt":"2016-06-08T11:23:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-the-next-successful-smart-city-be-in-southeast-asia\/"},"modified":"2016-06-08T18:34:23","modified_gmt":"2016-06-08T11:34:23","slug":"will-the-next-successful-smart-city-be-in-southeast-asia","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-the-next-successful-smart-city-be-in-southeast-asia\/","title":{"rendered":"Will the next successful smart city be in Southeast Asia?"},"content":{"rendered":"


\nThe region is embracing the \u201cFourth Industrial Revolution\u201d
\nThe Internet Of Things (Image from Pinterest)
\nAs the world moves on the cusp of the Fourth Industrial Revolution, it begs the question: Will it take root in Southeast Asia first?
\nIf technological and real estate trends continue, the region is on course to see a massive metamorphosis in the way denizens work, shop, ride, and live for the next five or 10 years, according to a new report by Jones Lang LaSalle (JLL).
\nThe real estate consultancy expects Southeast Asian economies to grow by 5 percent year after year until 2020. By then, the region\u2019s middle-income population will have grown by 9 percent or 70 million.
\nFor perspective, global economic growth is pegged at 3.52 percent a year over the same period.
\nThe Fourth Industrial Revolution will be, according to the World Economic Forum (WEF), characterised by a \u201cfusion of technologies that is blurring the lines between the physical, digital, and biological spheres.\u201d
\nWEF claims that the world is entering an era of mobile connectivity enhanced by unprecedented technological breakthroughs in such fields as artificial intelligence, the Internet of Things, nanotechnology, biotechnology, and quantum computing.
\nMore: New tech will allow people to bypass current constraints
\nSingapore seems to be leading the way in terms of smarter transportation infrastructure. This year, the Ministry of Transport ordered the use of autonomous mini buses to convey passengers from several MRT stops. The city-state is also mulling a global navigation satellite system to track cars for traffic management and toll collection by 2020.
\nLast year, the Singapore government ordered the installation of sensors in taxis and public buses.
\nMeanwhile, crowdsourced navigation apps such as Waze now count Jakarta as one of its top 10 markets. In 2014, the city government signed up with Waze for real-time updates on traffic congestions and road accidents.
\nIn the Philippines, Grab partnered with the World Bank and the Department of Transportation and Communications this year to build the Open Traffic Initiative for traffic management and road safety.
\nIn the hospitality sector, home-sharing through platforms such as Airbnb and Homeaway now accounts for 2 percent of occupied room nights in Singapore, Bangkok and Kuala Lumpur, JLL noted.
\nJLL expects mobile internet and cloud computing to continue driving demand by organisations in developed markets for office space in ASEAN cities, especially Manila and Kuala Lumpur.
\nMore: Google joins race for robotic assistants with \u2018Home\u2019
\nAccording to JLL, hot desking and remote working have pushed down office space per capita in Southeast Asia\u2019s new office leases by 20 percent over the last 10 years. Ten to 15 percent of offices will consist of co-working spaces by 2030.
\nOnline commerce is now more widespread than ever across the region. Around 50-90 percent of consumers outside tier-one cities in Southeast Asian countries have used mobile phones to shop online.
\nWriting for The Washington Post, architect Roger K. Lewis downplayed concerns about privacy in such cities of the future. \u201cA lot of what should remain private is already made public,\u201d Lewis wrote.
\n\u201cWho needs Big Brother when we\u2019ve got Facebook, Twitter and YouTube?\u201d
\nIt\u2019s going to take more than Samsung to make smart cities a reality though. In a piece for LinkedIn, GE chief digital officer John Gordon said that the massive requirements for open infrastructure in future cities demand an industrial company with the savvy of a technology firm.
\n\u201cWe don\u2019t have ulterior motives of collecting personal data on individuals so that we can advertise to them later,\u201d he wrote.
\n
\nSource : property-report.com
\nRead more…Will the next successful smart city be in Southeast Asia?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The region is embracing the \u201cFourth Industrial Revolution\u201d The Internet Of Things (Image from Pinterest)...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15874","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-482","jetpack-related-posts":[{"id":28489,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flexibility-in-design-planning-and-construction-holds-key-to-fourth-industrial-revolution\/","url_meta":{"origin":15874,"position":0},"title":"Flexibility in design, planning and construction holds key to Fourth Industrial Revolution","date":"October 4, 2016","format":false,"excerpt":"\r As some may know, one of my more recent roles is that of an advisor to the Policy Participation on Science, Technology and Innovation (PPSTI) which is the main body in Asia-Pacific Economic Cooperation (Apec) that provides guidance to the governments of the 21 Apec economies on the developments\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41232,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chief-executives-are-ready-to-lead-the-fourth-industrial-revolution\/","url_meta":{"origin":15874,"position":1},"title":"Chief executives are ready to lead the fourth industrial revolution","date":"January 20, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Chief executives are ready to lead the fourth industrial revolution","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-uk-is-ill-prepared-for-the-fourth-industrial-revolution-manufacturers-warn\/","url_meta":{"origin":15874,"position":2},"title":"The UK is ill-prepared for the fourth industrial revolution, manufacturers warn","date":"November 28, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...The UK is ill-prepared for the fourth industrial revolution, manufacturers warn","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1148,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emerging-market-predictions-in-2016-from-lamudis-co-founder\/","url_meta":{"origin":15874,"position":3},"title":"Emerging market predictions in 2016 from Lamudi\u2019s co-founder","date":"January 11, 2016","format":false,"excerpt":"\r Tech bigwig Paul Philipp Hermann shares his insights on Southeast Asia\u2019s booming online real estate sector Paul Philipp Hermann, global co-founder and managing director of Berlin-based real estate network Lamudi, recently spoke with Property Report about his emerging market predictions for the New Year. 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