ASEAN is home to developed and emerging economies which experience high levels of urban migration and urban population growth. As economic activities are centered around dense cities or metropolitan areas in the region, these areas tend to be more built-up. The urban environment today seeks to accommodate more economic activities and people, and ensure sustainability and livability.
More importantly, the importance placed on smart city, industry 4.0 and green initiatives in ASEAN means technology including digital twinning, IoT, data analytics and green technology is now a key feature of urban environments. Priorities for real estate and facilities management firms in the region are focused on increasing safety, convenience and accessibility to daily necessities – all with the resident and user in mind.