Wilasa Vichit-Vadakan

It's striking to observe the swift expansion in industrial real estate investments propelled by the evolving demands of global supply chains, technological progress, and the growing focus on sustainability. This surge presents a remarkable opportunity for stable returns and resilience amidst ever-changing economic landscapes. Looking ahead, as we strategically plan industrial compounds, infusing ecological and environmental considerations emerges as a pivotal step. Understanding that greener living transcends traditional boundaries, integrating sustainable practices across all infrastructure aspects becomes not just a necessity but a strategic move that benefits future growth and expansion. By cultivating industrial environments that prioritize biodiversity, we not only fulfill our environmental responsibilities but also pave the way for a sustainable and thriving future landscape that resonates with ecological harmony.

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#TaoyuanRealEstate Trends: Population Growth, Industrial Development, and Infrastructure The burgeoning real estate market in Taoyuan City has captured attention with the ongoing enhancement of the transportation network connecting northern Taiwan and Taoyuan. The focus is on Taoyuan's eight major redevelopment zones, which exhibit robust performance, notably the #A7 redevelopment area in Guishan, recording 3,092 transactions in the first 10 months, averaging 10 per day. Behind Taoyuan's real estate vibrancy are several key factors. Primarily, there's the sustained influx of population. Taoyuan's population reached 2,321,121 by February's end, growing by over 30,000 annually, marking a 1.32% increase, the highest in the nation. This growth is attributable to Taoyuan's elevation to a special municipality in 2014, leading to improved social welfare, extensive public infrastructure projects, and enhanced job opportunities. Industrially, Taoyuan is attracting a plethora of high-paying jobs, particularly in the electronics and manufacturing sectors. Additionally, the development of infrastructure, such as the airport MRT, has significantly reduced travel times to Taipei and New Taipei City, making Taoyuan an attractive destination for relocation. Significant population growth is observed in Guishan, Guanyin, and Taoyuan districts, largely due to the emergence of new redevelopment areas. With the increasing population, there's a corresponding rise in demand for housing, thereby driving prices upward. For example, in 2023, the average price of new homes in Guishan was NT$344,000, reflecting an 8% annual increase; in Taoyuan District, it was NT$376,000, with a 5.4% annual increase; and in Guanyin, it was NT$208,000, with a staggering 9% annual increase. Taoyuan's real estate market, akin to any other industry, exhibits disparities, particularly across different regions. Strategic selection of investment locations, such as redevelopment areas with robust economies and well-developed infrastructure, is paramount. Given its burgeoning population, promising industrial landscape, and extensive infrastructure, juxtaposed with the declining living standards in Taipei and New Taipei City, Taoyuan's future prospects seem highly promising, especially with the anticipated development in #Zhongli.

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Many thanks to Dr Clara Cheung Eric Lou Patrick Manu and all early career researchers in the fields of construction health & safety and Circular Economy for hosting us and the delegate from Hanoi University of Civil Engineering Led by Prof.Quan Nguyen

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Ever wondered why construction in Japan is so expensive, especially in cities like Tokyo and Osaka? 🇯🇵 Several factors play significant roles, including construction content, market conditions, contractor abilities, procurement conditions, contract terms, and many more. At #HankyuCM, we've got the expertise to help you tackle these challenges head-on. Our professional cost management consultancy is designed to guide you through cost fluctuations and empower you to monitor and manage the overall project expenses. With our deep-rooted experience in the Japanese market, we're committed to supporting the project from the planning stage to project completion, aiming to manage the project cost effectively. Let's work together to make your construction projects in Japan more cost-effective! #ConstructionCosts #CostManagement #JapaneseMarket #Tokyo #Osaka #Kansai #Japan #HankyuCM #ConstructionManagement

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One thing I admire the most about #Singapore is not its fancy Marina Bay or its best Airport. It is Singapore's public housing project -- HDB. I visited some of my friends' HDB flats -- airy and comfortable. Besides being affordable (not so much these days), the public housing project promotes social integration among Chinese, Indians, Malays, and even some Caucasians. In today's The New York Times, I learned about the creator of this HDB project: Mr Liu. He graduated from Yale Urban Planning, worked for I.M. Pei, and developed these public housing flats for many Singaporeans to ensure affordability and social integration. Can we learn from Singapore to develop affordable housing for all? #public #affordable #housing #social #integraion #inclusion https://lnkd.in/gkaJ5Z3t

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I recently had an abstract accepted to the urban planning conference ACSP 2024 with my dear colleagues Prof. Yuan Lai from Tsinghua University's School of Architecture and Dr. Cong Cong from MIT's School of Architecture and Planning. The study described in the abstract was based on two remote workshops with urban planning and architecture students. In this workshop, small teams of students applied a method that combines design thinking with systems thinking to the problem of extreme heat waves in large cities and cities' responses to this phenomenon. This method, named DIMES (describe, inquire, model, extract, state), can be applied to structure/define any ill-structured problem, starting with a problem description of 50-100 words in simple language, without concern for the quality of the problem description. This makes starting the process of structuring the problem easy and accessible. Ill-structured problems are real-world, complex, and initially vague, with multiple potential solutions. Addressing such problems without structuring/defining them may lead to suboptimal solutions and/or to spending valuable resources and time on the wrong problem. DIMES can be applied in six hours. It is both people-centered (using design thinking) and helps identify leverage points deep within the problem (using systems thinking). Its steps are as follows: ✍ 1) Describe the problem in a brief and unstructured way, using plain language (50-100 words). 🔎 2) Inquire into the problem as a researcher, based on the five Ws of who, what, where, when, and why (5+ page document, with references). 📐 3) Model the problem as a conceptual hierarchy of functions and processes, based on the case description (3-4 sub-levels) ⛏ 4) Extract the problem’s leverage points—sub-functions deep within the model with the highest impact-to-effort ratio (2-5 points). 🎯 5) State the problem concisely and in a solution-neutral way, based on the answers to the five Ws from the case description and on the list of leverage points (100-200 words). In our paper, we created and refined assessment rubrics for the products of every step, so that future instructors can use them to provide students with feedback throughout the process of structuring the problem. The rubrics help assess problem structuring (how well students applied the DIMES method) and problem correctness (how well students understood and represented the problem). Read about the original implementation of DIMES to the problem of reliably distributing a clean energy solution (a thermal battery) to a district in Mongolia's capital with economic and logistical challenges: https://lnkd.in/eavqip6x #complexproblemsolving #designthinking #systemsthinking

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#RES_Article New paper published recently in RES journal (Volume 16) by Siping Niu, Yun Jiang, Hui Liu, Ruiqi Wang, Baiyu Cheng, Yisong Cheng Title: Occurrence of dissolved organic matter in storm-drain inlet sediments and its implication for urban stormwater infrastructure sustainability Abstract: In the context of climate change, the effective management of carbon in urban stormwater infrastructure (USI) become increasingly crucial. Research indicates that dissolved organic matter (DOM) plays a significant role in the carbon cycle within USI. However, there is a lack of comprehensive information regarding the occurrence of DOM in urban storm-drain inlet (SDI) sediments. This study was undertaken to examine the land use type-related distribution of DOM in SDI sediments, and then provide the suggestion for urban infrastructure sustainability. There are three findings: (1) The characteristics of DOM in SDI sediments, including content, hydrophilicity, molecular weight, and functional groups of aromatic rings, exhibited variation with land functional type; (2) Urban SDI DOM had low humification, and was primarily originated from autochthonous sources, with the proportion of humic-like components close to or exceeding 50%; and (3) SDI sediment DOM was likely to have different characteristics from road dust and stormwater due to microbial activities over dry season. Based on these findings, measures for urban stormwater infrastructure sustainability are proposed, including properly road sweeping, frequently SDI sediment dredging, decreasing in emission from industrial activities, promoting local educational practices, and limiting improper organic waste disposal. These results have implications for the management of stormwater-related carbon and provide valuable insights for the development of sustainable practices for urban ecosystems. Keywords: Diffuse pollution; Carbon; Distribution; Land use type   Read the full research here：⬇ https://lnkd.in/eXscGYKV   Journal homepage：https://lnkd.in/gBNH9qJ8 #diffusepollution #carbon #distribution #landuse #climatechange #DOM #USI #dissolvedorganicmatter #urbanstormwaterinfrastructure

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BEC Council Member Hang Lung Properties is the first real estate company in mainland China and Hong Kong to join the SteelZero initiative. In 2022, the carbon emissions from the steel generated in Hang Lung’s development projects accounted for approximately 50% of its total embodied carbon emissions for that year. By joining the initiative, the company aligns itself with the SteelZero commitment for 50% low-emissions steel sourcing by 2030, setting a clear pathway to using net-zero steel for 100% of its steel latest by 2050. Decarbonising steel is also a significant step towards achieving Hang Lung’s SBTi-validated net-zero targets for 2030 and 2050. 🔗 https://lnkd.in/g6U2Vr7b

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The transformation of Jurong East is a testament to the dynamic urban development and forward-thinking planning in Singapore. With the recent announcement of the Tang Dynasty city site's conversion to residential use, we are presented with a unique opportunity to shape the future of living in this burgeoning district. https://lnkd.in/g--RX28x The strategic location, coupled with a generous plot ratio of 4.6, opens up a myriad of possibilities. Whether it's public housing that fosters community spirit, private condominiums that offer exclusive amenities, or perhaps a blend of both that caters to diverse needs, the key lies in aligning development with the #demand_gap and the #aspirations of the community. . Personally, I hope there are more homes catered to lower-income households so that they can enjoy the same amenities at the same time. As we envision the future of Jurong East, we must consider how residents will integrate living, learning, working, and playing into their daily lives. The concept of long-stay serviced apartments, with their blend of flexibility and stability, could very well complement the existing urban tapestry, catering to both transient and long-term residents. This could help, for instance, provide affordable accommodation for foreign medical workers to ensure our healthcare system continues ticking. However, more layers of data and time are needed to think through the best calibration. Exciting times indeed! P.S.: What can we learn from the downfall of the Tang Dynasty City? What can we do differently now than before? A question that requires deeper pondering.

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My latest Sing Tao Daily column article on the “new normal” of the property market in the “post-spicy measures era”. #SingTao #propertymarket #newnormal #postspicymeasures #後辣招時代的樓市生態

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𝐉𝐨𝐢𝐧 𝐮𝐬 𝐨𝐧 18 𝐉𝐮𝐧𝐞! 𝐓𝐡𝐞 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐨𝐟 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠'𝐬 𝐑𝐨𝐥𝐞 𝐚𝐬 𝐚 𝐒𝐮𝐩𝐞𝐫 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐨𝐫 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝘛𝘩𝘪𝘴 𝘦𝘷𝘦𝘯𝘵 𝘪𝘴 𝘣𝘳𝘰𝘶𝘨𝘩𝘵 𝘵𝘰 𝘺𝘰𝘶 𝘣𝘺 𝘵𝘩𝘦 𝘜𝘓𝘐 𝘏𝘰𝘯𝘨 𝘒𝘰𝘯𝘨 𝘊𝘢𝘱𝘪𝘵𝘢𝘭 𝘔𝘢𝘳𝘬𝘦𝘵𝘴 𝘊𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘦.   During this panel discussion, we will address the prospects of Hong Kong’s capital markets, both from an institutional perspective as well as from a private wealth perspective. Is Hong Kong’s current and expected role in the global financial markets context still to connect, facilitate, regulate, initiate capital flows between China and the rest of the world? Will Hong Kong continue to play a pivotal “super connector” role or are we seeing geopolitical forces permanently eroding Hong Kong’s importance as a major international financial market? What does Hong Kong need to do to keep the pre-eminent role it had and perhaps has taken for granted for such a long time? What are the major obstacles that need to be addressed to keep Hong Kong’s leadership position? Speakers Rita Y Chan - Co-Senior Country Officer, China | Head of Consumer and Retail Investment Banking APAC, JP Morgan Edmund Ho – Board Director, APREA, Hong Kong Chapter Vivien K. - CEO, Private Wealth Management Association James Wong - Chairman, Hon Kwok Land Date: Tuesday, 18 June 2024 Time: 8:15 AM - 9:45 AM Location: The Bankers Club Hong Kong, 3/F Nexxus Building, 41 Connaught Road Central, Hong Kong This event is open to all. Registration is required. Registration deadline 11 June 2024 (Tuesday)   ULI Members HKD 350  Non-members HKD 550 Register here: https://lnkd.in/g4yH7-EK For more information on our ULI Hong Kong Capital Markets Committee: https://lnkd.in/gQY6nchX Graeme Torre Eduard Wehry Harvey Coe Rui Hua Chang Rebecca Lam Jenny Zhengyi Li Alfredo Lobo Doreen Yu Susheela Rivers Eli Konvitz Ariel Shtarkman

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𝐑𝐈𝐒𝐔𝐃 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐬 𝐛𝐢𝐨𝐦𝐢𝐧𝐞𝐫𝐚𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐭𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞 𝐭𝐨 𝐩𝐫𝐞𝐯𝐞𝐧𝐭 𝐦𝐢𝐜𝐫𝐨𝐛𝐢𝐚𝐥 𝐜𝐨𝐫𝐫𝐨𝐬𝐢𝐨𝐧 𝐢𝐧 𝐦𝐚𝐫𝐢𝐧𝐞 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐬 Prof. Li Xiangdong, Dean of the Faculty of Construction and Environment, Director of the Research Institute for Sustainable Urban Development (#RISUD), Chair Professor of Environmental Science and Technology, Ko Jan Ming Professor in Sustainable Urban Development and his research team, have successfully developed a novel biomineralisation technique, which can effectively protect #marine #concrete from microbially induced corrosion, thereby contributing to the achievement of sustainable coastal structures. 𝐒𝐮𝐥𝐩𝐡𝐚𝐭𝐞-𝐫𝐞𝐝𝐮𝐜𝐢𝐧𝐠 𝐛𝐚𝐜𝐭𝐞𝐫𝐢𝐚 (SRB) is a type of anaerobic bacteria which accelerates the production of hydrogen sulphide that can lead to material corrosion and deterioration. The biomineralisation technique developed by the team is an #environmentallyfriendly #coating method. It utilises carbon dioxide to produce mineral precipitates on concrete surfaces. This results in the formation of a biomineralised film, which acts as a protective layer to control sulphate diffusion and isolate concrete from the corrosive SRB. This biomineralisation strategy has strong potential for applications in various environments in which microbial corrosion occurs, such as marine environments, #sewage environments, and water-cooling utilities. The research “𝐁𝐢𝐨𝐦𝐢𝐧𝐞𝐫𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐩𝐫𝐞𝐯𝐞𝐧𝐭 𝐦𝐢𝐜𝐫𝐨𝐛𝐢𝐚𝐥𝐥𝐲 𝐢𝐧𝐝𝐮𝐜𝐞𝐝 𝐜𝐨𝐫𝐫𝐨𝐬𝐢𝐨𝐧 𝐨𝐧 𝐜𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐟𝐨𝐫 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐦𝐚𝐫𝐢𝐧𝐞 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞” was published in 𝑬𝒏𝒗𝒊𝒓𝒐𝒏𝒎𝒆𝒏𝒕𝒂𝒍 𝑺𝒄𝒊𝒆𝒏𝒄𝒆 & 𝑻𝒆𝒄𝒉𝒏𝒐𝒍𝒐𝒈𝒚. Further reading: https://polyu.hk/OXIRi Read the full paper: https://lnkd.in/d4aswbus Online coverage: Hong Kong Business - https://polyu.me/4cTBVo9 Mirage - https://polyu.me/3JbBS9D Wen Wei Po - https://polyu.me/4aL3CxG Hong Kong China News Agency - https://polyu.me/3vWgQJ0 Materials World - https://polyu.me/3JbDRuE GD Today - https://polyu.me/3JfI28Y ETNet - https://polyu.me/3xty8hl Washington Daily News - https://polyu.me/3UbjLa4 Washington Citypaper - https://polyu.me/3TUZILK Millennium Magazine - https://polyu.me/3JeU1Ds Ticker Technologies - https://polyu.me/49Eq9LO Yahoo News US - https://polyu.me/3WbxkIj One News Page - https://polyu.me/49yLFBr Weekender Singapore - https://polyu.me/3JeUtBE Vulcan Post - https://polyu.me/49qgU1u Benzinga - https://polyu.me/4cPcrsa asiaone - https://polyu.me/3vAT4m0 A-Performers - https://polyu.me/3Udgbw4 Manhattan Week - https://polyu.me/4aSsd3P 88iv - https://polyu.me/4ar2YWd Hong Kong Economic Journal - https://polyu.me/4cURITG (subscription required) #PolyU #PAIR #interdisciplinaryresearch

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Net Zero’s Executive Director Iris Chan will attend the “GenAI and Real Estate: Opportunities, Challenges, and the Future Ahead”, an event hosted by the ULI Hong Kong Technology & Innovation Committee. The event will focus on the application of generative AI and beyond within the real estate industry; and what are the most immediate challenges and transformative opportunities that AI presents. The event features a panel discussion with industry experts who are implementing and applying AI in unique solutions and will be followed by a debate on the future of AI in real estate. We are grateful to be invited to this event where we will exchange insights into how AI can be utilized in enhancing building performance, better monitor the carbon reduction targets, and explore a better evaluation of the building life-cycle asset value. Since 2017, we have actively engaged the facilities management sector and building owners to explore the use of big data analytics and machine learning in asset management. Our focus is on identifying opportunities to achieve carbon reduction and evaluating progress toward carbon net zero.   #NetZero #AI #Sustainability #RealEstate #machinelearning #bigdata #analytics #lifecycleassessment #buildings #consultancy #carbonreduction.

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🇹🇼 It's great to be back in Taiwan for our '🇻🇳 Vietnam Industrial Market: Unlocking the Future' seminar. with Savills Vietnam BW Industrial Development JSC VSIP Vietnam and Rajah & Tann Asia There has a been a strong wave of Taiwanese investment into Vietnam over the past 18 months. Some key points from Tran Duy Dong, Deputy Minister of Planning and Investment at the Vietnam-Taiwan Business Forum held on April 8, 2024: - In 2023, investment from Taiwan into Vietnam reached $2.2 billion, quadrupling on-year. - Cumulatively, Taiwan currently ranks fourth out of 105 countries and territories pouring money into Vietnam, with nearly 3,200 projects and a total registered capital of over $39.5 billion. - Taiwan has also become Vietnam's fifth-largest trading partner, Vietnam is an attractive destination for Taiwanese investors and is a crucial link in the Southeast Asian supply chain relocation trend. - Vietnam's young population, high economic growth rate, and diverse industries present opportunities for Taiwanese businesses to expand their investments. - Vietnam encourages and promotes Taiwanese businesses to invest in fields such as science and technology, electronics, and semiconductors, areas where Taiwan excels, and which align with Vietnam's development direction. trooney@savills.com.vn 0829 601 187 Hanh Mi Phuong DTThu Que Anh Chu Ricky Huang John Campbell, MRICS Matt Powell Chi Phan Hang Nguyen Quynh Vu

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FUSE Project Update: New Milestone Achieved Data Processing Completion: Successfully processed 8 tiles of Google Open Building data, encompassing approximately 64 million polygons, all within the boundaries of Vietnam's administrative regions. Urban Area Segmentation: Conducted a preliminary segmentation of urban areas based on various parameters: number of buildings, building built area, deviation from median, and deviation from the mean. Orange Zone: Represents the highest density urban areas that developed organically through private land transactions and the construction of adjacent townhouses. This zone, characterized by its orange color, embodies the concept of "Urban Sprawl"—a widely studied issue among urban development enthusiasts. Red Zone: Indicates areas of high building density where the average building size is larger than typical. This zone includes areas with specific functions such as downtown districts, industrial sites, parks, warehouses, or planned residential areas, and is depicted in red. Light Blue Zone: Denotes expanding areas with looser building density, both in terms of the number of buildings and the overall area. Governed by the dynamics of urban sprawl, these areas are undergoing rapid gentrification and are marked in light blue. Next step: I am working on an optimal model combining this with the Point of Interest database to cross validate the urban shape with specific group of location types... Still unanswered: How do I acquire the building height, automatically? Thought: I do feel bad for those 4D map maker who have been spending money and almost decades to manually collect building data...

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It is challenging to optimize the urban space for housing, economic, and social development for a compact city like Hong Kong. High density mixed-use development have reshaped the activity and travel pattern of the citizen. Walking accessibility and level of public transport service are improved with the transit oriented development. This study examines the relationship between walking accessibility, pedestrian safety, and street network in the areas with different level of urban rail transit access. Spatial dependency and individual heterogeneity in the hierarchical data structure are also considered using a novel econometrics method.

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Cambridge's housing landscape has been shaped by fascinating historical forces over the decades. As a construction company specializing in renovating historic homes, we at HKF Construction appreciate the rich architectural stories woven into the city's residential fabric. The Early 20th Century: A Time of Architectural Diversity Prior to the 1930s, Cambridge embraced a wonderful mix of housing styles from cozy single-family cottages to multi-family homes and modest apartment buildings. This variety provided options for different family sizes, lifestyles and income levels. The intermixing of housing types created visually interesting streetscapes and socioeconomic diversity within neighborhoods. However, the introduction of zoning laws in 1926 proved to be an inflection point. New construction of multi-family homes and small apartments quickly dried up after the 1930s. These zoning policies, while intended to improve living standards, had the unintended consequence of reducing housing choices for Cambridge residents. KEEP READING ON OUR BLOG, LINK BELOW: https://lnkd.in/gJHukN49

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