An ambitious project in Hangzhou—the city where Alibaba is headquartered—is using big data, sensors, and artificial intelligence (AI) to reduce congestion. The system is now being implemented in six other cities in Asia.
Though the postcard photos of Shanghai’s gleaming Pudong district are familiar, fewer people are aware of the large numbers of heritage properties the city is conserving and regenerating, said panelists at the 2019 ULI Asia Pacific Summit.
The InterContinental Shanghai Wonderland Hotel in China’s Songjiang District, near Shanghai, appears modest when approached from ground level because only two storeys project above ground and green roofs help them blend into the surrounding greenery. But when guests step inside, they see the dramatic construction, attached to the rock like a hanging garden.
Investors are starting to look at the risk of climate change differently, said speakers at the inaugural ULI Asia Pacific Leadership Convivium. However, China’s preparedness to invest in infrastructure should help mitigate those risks.
The ULI Asia Pacific Leadership Convivium, held in Shenzhen in March, heard from a panel of real estate professionals in their 20s and 30s, explaining how the demands of the next generation of consumers and owners are changing real estate.
China’s largest insurer is backing the nation’s ambitious smart city program with investment in technology, panelists said during the ULI Asia Pacific Leadership Convivium, held in Shenzhen, China.
A massive infrastructure program is interconnecting the cities of China’s Greater Bay Area and opening up a wealth of real estate opportunities. Attendees of the ULI Asia Pacific Leadership Convivium, held in Shenzhen in March, heard two presentations on the region, which includes the cities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, and Zhaoqing as well as the special administrative regions of Hong Kong and Macau.
A series of presentations at the ULI China Mainland Winter Meeting, held in Shanghai in December, demonstrated how the growth of the sharing economy, combined with the desire for social connectivity, is affecting the development and management of office, residential, and hotel properties.
Japan’s hospitality sector, coworking across Asia’s cities, and core assets in Australia were picked as positive investment stories for the Asia Pacific region by a wide-ranging panel of experts at the ULI China Mainland Winter Meeting in Shanghai.
