The hotel industry in Japan is evolving, with new lodging models emerging, some of which incorporate elements of the burgeoning sharing economy. A panel of real estate and hotel experts at the ULI Japan Fall Conference, held in Tokyo in November, discussed the “capsule hotel” and other models in Japan.
The workplace of the future needs to provide flexibility and wellness in order to drive innovation, said a design expert giving a keynote at the 2018 ULI Japan Fall Conference in Tokyo.
Japan is in the midst of a huge attempt to boost tourism, but there are fears that it does not offer enough nighttime fun for foreign visitors who seek out theater and other activities that often occur after sunset. A panel at the Urban Land Institute’s Japan Spring Conference, held in May at the Tokyo International Forum, discussed ways to build an “attractive night-time economy.”
At the ULI Japan Spring Conference 2018, panelists discussed how Japan’s malls can reinvigorate themselves with culture and content. Retail in Japan has not suffered as badly as elsewhere from the effects of online shopping, but the industry is concerned that malls need to offer more to retain customers.
Hong Kong’s former chief executive, C.Y. Leung, now a member of the National Committee of the Chinese People’s Political Consultative Conference, an important political advisory body, said the development of the broader region could be a significant driver of growth and relieve stress on the core market for new construction.
Prices are high but opportunities abound in China’s growing real estate market, especially in its first-tier cities, a panel of experts and investors said at the 2018 ULI Asia Pacific Summit in Hong Kong.
We are late in the current cycle, and real estate investors are focusing on the potential risks as much as, if not more than, the rewards on offer, according to investors and investment managers discussing global capital markets at the 2018 ULI Asia Pacific Summit in Hong Kong.
Growing cities such as Hong Kong are at the epicenter of what Richard Florida has dubbed “the new urban crisis,” with the city’s success sending house prices soaring out of reach of the average resident. The author and urbanist, who is director of cities at the Martin Prosperity Institute at the University of Toronto, spoke at the 2018 ULI Asia Pacific Summit in Hong Kong.
If smart cities are to serve their populations, the human element must remain crucial for their designers and developers, attendees at the 2018 ULI Asia Pacific Summit were told. A panel of developers, designers, and planners mulled over the development of the smart city in Asia during the summit, held in Hong Kong.
With the Tokyo Olympics and a Rugby World Cup approaching, Japan’s real estate community is considering how major sports events and venues can drive development, looking at best practices and examples both domestic and from around the world.
While Japanese cities are often known for large-scale development projects, such as Roppongi Hills or Tokyo Midtown, architects and smaller developers are keen to build on a more human scale. At ULI Japan’s fall conference, which took place in Tokyo in November, two discussion panels considered how the Japanese market will develop over the next two decades.