Many urban planners and professionals have begun to realize <\/span>the <\/b>upcoming wave urban innovations as many cities gear up towards the realization of the smart city<\/strong>.<\/b> Not only in developing new technologies, but breakthroughs also come from the change of mindset among the key players that the built environment is not rigid anymore – there are <\/span>many different ways that one could utilize and improve the traditional urban use. <\/strong><\/p>\n Of the areas explored during the summit, we have identified a few key fast-evolving areas which include the <\/span>future of working spaces, the evolution of urban mobility and innovations on real estate alternative asset. <\/strong><\/p>\n As also published on Colliers International Paper (July), technology enhances the world of flexibility and innovation. The <\/span>five primary shifts<\/strong> Colliers International has identified include: <\/span><\/p>\n Workplace strategy should <\/span>no longer be just about maintaining facilities and trimming expenses, but also creating workplaces that attract the best talent, adjusting to shifting workforce demographics and promoting employee well-being. <\/strong><\/p>\n Many coworking spaces engage in practices to satisfy the needs mentioned above while maintaining their core identity.<\/span><\/p>\n Among the coworking spaces mentioned were <\/span>naked Hub<\/span><\/a> which focuses on their strength on hospitality and services, <\/span>WeWork<\/span><\/a> which is by far the leader in this surging co-working space movement, or the <\/span>Impact Hub<\/span><\/a> which places great emphasis on their community values. <\/span><\/p>\n Countries, especially in Asia-Pacific, are rapidly becoming denser. Concerning population density, development level, and cultural diversity, <\/span>issues of congestion, pollution, and stress become more apparent than before<\/strong>. There is a need to formulate <\/strong><\/span>strategic plan and mobility projects, especially on physical, social and environmental changes.<\/strong><\/p>\n In this topic of urban mobility, different municipalities tend to undertake different approaches. Some cities have indeed developed<\/span> innovations to cater to pedestrian-centric models<\/strong> such as <\/span>Placemeter<\/span><\/a> which can analyze pedestrian traffic through videos, while others were planned to be car-centric, especially with the support of car-sharing providers such as Uber and Grab. <\/span><\/p>\n It is to note that <\/span>urban innovations do not only come from private enterprises but also the government<\/strong>.<\/strong> Singapore, for example, has launched the Smart Nation Programme to promote innovation. <\/span>A few examples would be the chatbot <\/span>@SGbusuncle<\/span><\/a> which incorporates AI with LTA DataMall database to predict bus arrival timing and <\/span>SGBeeline<\/span><\/a>, an open, cloud-based smart mobility platform to provide data-driven shuttle bus services.<\/span><\/p>\n The emergence of Alternative Real Estate Asset class has triggered various innovations outside the domain of traditional commercial real estate. This includes <\/span>self-storage facilities, retirement living or student accommodations, micro-units and coworking spaces. <\/strong><\/p>\n Self-storage facilities are getting increasingly popular, more so in robust cities where real estate prices are going up, and houses are getting smaller. Startups like MakeSpace<\/span><\/a>, SpareFoot and <\/span>Startup Storage Palmetto<\/span><\/a> offer <\/span>innovative self-storage solutions, including climate-controlled storage, the use of cloud storage or enhanced security capabilities.<\/strong><\/p>\n The current workforce generation tends to have little or no time to take care of their retired parents regularly. Startups such as Hometeam Care<\/span><\/a>, <\/span>LivingPath<\/span><\/a>, or <\/span>Cubigo<\/span><\/a> offer various solutions for independent living of the elderly such as <\/span>connecting elderlies to caregivers, finding suitable communities and providing one-stop access to services such as food, transportations and medical needs.<\/strong><\/p>\n However, it is important to understand that such startups understand their market. In Asian countries, for example, children traditionally pay more attention towards their elderly parents and retirement homes are not as attractive as compared to the people in the western countries. <\/span><\/p>\n As compared to the traditional approach of private residential rentals, startups are providing <\/span>platforms for sharing<\/strong>, with the belief that <\/span>the community created would bring benefits to their tenants<\/strong>. This applies to not just the workforce but also students. We could now see various startups emerging with this sharing concept such as the student accommodation platforms and provisions like <\/span>Your-Space<\/span><\/a>, <\/span>Uniplaces<\/span><\/a> or co-living spaces such as <\/span>WeLive<\/span><\/a> (WeWork\u2019s co-living offshoot), <\/span>Common<\/span><\/a>, <\/span>CommonSpace<\/span><\/a>.<\/span><\/p>\n In conclusion, it is indeed that the urban vertical is undergoing rapid changes – the <\/span>real estate industry is no longer centralized only to the government or the corporates<\/strong>.<\/b> New ways of looking at the built environment are emerging, and new demands are coming; the new wave of urban innovations is evolving. The future is now. <\/span><\/p>\n <\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" On the 6-8th June, Innovation is Everywhere attended the Urban Land Institute Asia Pacific Summit 2017 in Singapore. The Summit brought together institutional investors, developers, planners, architects and city leaders to share ideas and exchange best practices, allowing us to have the opportunity to learn about the latest global real estate trends and connect with […]<\/p>\n","protected":false},"author":30,"featured_media":5281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"[et_pb_section transparent_background=\"off\" allow_player_pause=\"off\" inner_shadow=\"off\" parallax=\"off\" parallax_method=\"on\" padding_mobile=\"off\" make_fullwidth=\"off\" use_custom_width=\"off\" width_unit=\"off\" custom_width_px=\"1080px\" custom_width_percent=\"80%\" make_equal=\"off\" use_custom_gutter=\"off\" fullwidth=\"off\" specialty=\"off\" admin_label=\"section\" disabled=\"off\"][et_pb_row make_fullwidth=\"off\" use_custom_width=\"off\" width_unit=\"off\" custom_width_px=\"1080px\" custom_width_percent=\"80%\" use_custom_gutter=\"off\" gutter_width=\"3\" padding_mobile=\"off\" allow_player_pause=\"off\" parallax=\"off\" parallax_method=\"on\" make_equal=\"off\" column_padding_mobile=\"on\" parallax_1=\"off\" parallax_method_1=\"on\" parallax_2=\"off\" parallax_method_2=\"on\" parallax_3=\"off\" parallax_method_3=\"on\" parallax_4=\"off\" parallax_method_4=\"on\" admin_label=\"row\" disabled=\"off\"][et_pb_column type=\"4_4\" disabled=\"off\" parallax=\"off\" parallax_method=\"on\" column_padding_mobile=\"on\"][et_pb_text background_layout=\"light\" text_orientation=\"left\" admin_label=\"Text\" use_border_color=\"off\" border_style=\"solid\" disabled=\"off\"]\n\nOn the 6-8th June, Innovation is Everywhere attended the Urban Land Institute Asia Pacific Summit 2017<\/a> in Singapore. The Summit brought together institutional investors, developers, planners, architects and city leaders to share ideas and exchange best practices, allowing us to have the opportunity to learn about the latest global real estate trends and connect with industry leaders.<\/span>\n\n![\"Urban](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/Urban-Land-Institute-professionals.jpg\")
<\/span><\/p>\nThe future of workplace and occupancy<\/span><\/h3>\n
\n
\n
\n
\n
\n
\n
![\"Coworking](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/coworking-space-1024x683.jpg\")
<\/p>\n![\"the](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/351048c0e1241fc252fd2267a64a3052-2016012820HQ20Chelsea-22-300x200.jpg\")
![\"the](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/1452135779-300x200.jpg\")
<\/p>\nThe evolution of Urban Mobility<\/span><\/h3>\n
![\"the](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/Placemeter-1024x576.jpg\")
<\/p>\n![\"Smart-Nation-Beeline-2-r\"](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/Smart-Nation-Beeline-2-r-300x174.jpg\")
![\"bus_uncle\"](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/bus_uncle-300x188.jpg\")
<\/p>\nAlternative Real Estate asset class <\/span><\/h3>\n
\n
![\"makespace-bar-code\"](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/makespace-bar-code-300x224.png\")
![\"blogimage-resized-600\"](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/blogimage-resized-600-300x196.png\")
<\/p>\n\n
![\"cubigo-zorg-op-afstand-4-638\"](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/cubigo-zorg-op-afstand-4-638-300x225.jpg\")
![\"unnamed\"](\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2017\/06\/unnamed-300x211.png\")
<\/p>\n\n
<\/span>\n\nMany urban planners and professionals have begun to realize <\/span>the upcoming wave urban innovations as many cities gear up towards the realization of the smart city.<\/b> Not only in developing new technologies, but breakthroughs also come from the change of mindset among the key players that the built environment is not rigid anymore - there are <\/span>many different ways that one could utilize and improve the traditional urban use<\/b>. <\/span>\n\nOf the areas explored during the summit, we have identified a few key fast-evolving areas which include the <\/span>future of working spaces, the evolution of urban mobility and innovations on real estate alternative asset. <\/b>\nThe future of workplace and occupancy<\/span><\/h3>\nAs also published on Colliers International Paper (July), technology enhances the world of flexibility and innovation. The <\/span>five primary shifts<\/b> Colliers International has identified include: <\/span>\n
\n\t
\n\t
\n\t
\n\t
\n\t
\n\t
\n\nWorkplace strategy should <\/span>no longer be just about maintaining facilities and trimming expenses<\/b>, but also <\/span>creating workplaces that attract the best talent, adjusting to shifting workforce demographics and promoting employee well-being. <\/b>\n\nMany coworking spaces engage in practices to satisfy the needs mentioned above while maintaining their core identity.<\/span>\n\n\n\nAmong the coworking spaces mentioned were <\/span>naked Hub<\/span><\/a> which focuses on their strength on hospitality and services, <\/span>WeWork<\/span><\/a> which is by far the leader in this surging co-working space movement, or the <\/span>Impact Hub<\/span><\/a> which places great emphasis on their community values. <\/span>\nThe evolution of Urban Mobility<\/span><\/h3>\nCountries, especially in Asia-Pacific, are rapidly becoming denser. Concerning population density, development level, and cultural diversity, <\/span>issues of congestion, pollution, and stress become more apparent than before<\/b>. There is a need to formulate <\/span>strategic plan and mobility projects, especially on physical, social and environmental changes<\/b>.<\/span>\n\nIn this topic of urban mobility, different municipalities tend to undertake different approaches. Some cities have indeed developed<\/span> innovations to cater to pedestrian-centric models <\/b>such as <\/span>Placemeter<\/span><\/a> which can analyze pedestrian traffic through videos, while others were planned to be car-centric, especially with the support of car-sharing providers such as Uber and Grab. <\/span>\n\n
\n\nIt is to note that <\/span>urban innovations do not only come from private enterprises but also the government<\/b>. Singapore, for example, has launched the Smart Nation Programme to promote innovation. <\/span>A few examples would be the chatbot <\/span>@SGbusuncle<\/span><\/a> which incorporates AI with LTA DataMall database to predict bus arrival timing and <\/span>SGBeeline<\/span><\/a>, an open, cloud-based smart mobility platform to provide data-driven shuttle bus services.<\/span>\n\n \nAlternative Real Estate asset class <\/span><\/h3>\nThe emergence of Alternative Real Estate Asset class has triggered various innovations outside the domain of traditional commercial real estate. This includes <\/span>self-storage facilities, retirement living or student accommodations, micro-units and coworking spaces<\/b>. <\/span>\n
\n\t
\n\n\t
\n\nHowever, it is important to understand that such startups understand their market. In Asian countries, for example, children traditionally pay more attention towards their elderly parents and retirement homes are not as attractive as compared to the people in the western countries. <\/span>\n\n\t