Tackling Affordability in Asia Published on August 01, 2016 in Market Trends Affordable housing means many different things across the Asia Pacific region, but in every nation, the driving issue in its provision is the cost of land. That should come as no surprise; the Asian population of 4.3 billion represents 57 percent of the world total, according to United Nations data, but Asia has only 30 percent of the world’s land mass.
Boosting Innovation and Density Is the Future for Japan’s Cities Published on May 16, 2016 in Market Trends Mitigating the population issues facing Japan, and further developing its cities to meet the demands of the future, were discussed by panelists at the recent ULI Japan Spring Conference in Tokyo. Takeshi Natsuno, professor at the Keio University school of media and governance, said Japan's government should cease spending in areas without a certain density of population.
Japan Copes with Shifting Demands in Tourism Published on May 16, 2016 in Market Trends Japan welcomed just under 20 million visitors last year and is targeting 40 million arrivals by 2020, the year Tokyo holds the Summer Olympics. ULI members attending the event at the Tokyo Midtown conference center heard that the Japanese government is having trouble keeping up with the pace of change in the tourism industry. For example, due to licensing requirements, 99 percent of Airbnb apartment owners in Japan are breaking the law.
How Real Is Inflation Risk for Japan? Published on December 21, 2015 in Capital Markets The keynote speaker at the ULI Japan Fall Conference, held in Tokyo in November, was Takeshi Fujimaki, a member of Japan’s upper house and a long-term critic of the “Abenomics” strategy of President Shinzo Abe, saying Japan is set for dramatic inflation and unprecedented weakness in the yen.
In Asia, a Tremendous Need for Affordable Housing Published on December 14, 2015 in Development With 120,000 people flocking to cities every day, urban migration highlights the need for adequate shelter. The key challenge for providers of affordable housing in Asian cities is finding developable land and securing the capital to build housing on a massive scale, an international panel of housing experts said at the Habitat for Humanity Asia-Pacific Housing Forum in Hong Kong in September.
Tokyo Strives for Olympic Sustainability Published on June 08, 2015 in Sustainability The 2012 London Olympic Games have gone down as one of the most successful in the history of the event, with much of the applause coming for the second transformation of east London after the athletes, spectators, and media had gone home. With 267 weeks remaining before the Opening Ceremonies for the Tokyo Olympic Games in 2020, it is critical that steps be taken soon to ensure that the city’s legacy is a similar success, said panelists at the ULI Asia Pacific Summit in Tokyo.
Live, Work, Play: Getting Mixed-Use Development Right Published on May 25, 2012 in Mixed-Use “Mixed-use developments mean we stop thinking so much about buildings as buildings but as communities,” said Richard Vogel, senior vice president and general manager of Ivanhoe Cambridge China, at ULI's Asia Pacific Summit. These substantial and often iconic developments are a weighty undertaking, crucial to the regeneration and improvement of cities, particularly in rapidly urbanizing countries such as China and India.
The Demographic Divide: Challenges in China’s Senior Housing Published on May 24, 2012 in Residential/Multifamily In China, senior housing is a relatively new concept, and senior housing projects do not take account of the exact needs of this demographic group, said Sun Xiangshu, chairman of Beijing Victory Star Architectural & Civil Engineering Group, to a group at ULI's Asia Pacific Summit held in Beijing May 16-18. There will be no easy solutions to China's aging population problem, participants said.