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Investment property sales down 38.5% in Q1

Investment property sales down 38.5% in Q1.

National Development Minister Lawrence Wong will deliver a keynote address at the ULI Asia Pacific Summit, which takes place in June.

A global line-up of real estate experts will be headlining a major real estate forum from 6 to 8 June at The Fullerton Hotel Singapore. The Urban Land Institute (ULI) Asia Pacific Summit will see speakers from different real estate sectors and disciplines covering a range of topics including technology, housing and capital markets.

National Development Minister Lawrence Wong will deliver a keynote address on ‘Creating Competitive and Innovative Cities’.

“The calibre and variety of speakers this year is second to none,” noted John Fitzgerald, CEO of ULI Asia Pacific.

For instance, international keynote speaker Vivek Wadhwa, a futurist, author and emerging technologies expert, will talk on the topic ‘Amazing or Scary? Technology’s Impact on Our Lives, Jobs and Business’.

Said Wadhwa: “Advancing technologies are making amazing and scary things possible. On the one hand, we can build a Star Trek-like future in which all of our wants and needs are met. On the other, these technologies will disrupt entire industries and cause social upheaval. The advances are happening, whether we are ready or not. We need to understand these so that we can all benefit rather than being their casualty.”

Other speakers include Dr. Cheong Koon Hean, CEO of the Housing and Development Board, who will be talking about the impact of smart cities; Tony Lombardo, CEO of Lendlease Asia, who will talk about how to improve the resilience of existing assets and cities; and Ming Z. Mei, Co-founder and CEO of Global Logistic Properties, who will share how e-commerce is changing retailers’ needs for logistics real estate.

The summit is expected to attract more than 500 industry players from across Asia Pacific and beyond, said ULI. Attendees will include institutional investors, funders, developers, advisers, planners, architects and city leaders.

Adapted from: PropertyGuru, April 7, 2017