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14 Sep '17, 3am

Asia will be home to 10 smart cities within 8 years - PropertyGuru Singapore

Smart city projects are underway all throughout Asia, Australia and New Zealand. The Asia-Pacific region will give rise to around 10 smart cities by 2025, a leading analyst at Frost & Sullivan predicted. More than half of these will be in China, said Hazmi Yusof, managing director for Malaysia at the market research company. “Several government agendas in this region are driving the building of smarter cities in Singapore, Japan, China, and South Korea. Investments are expected to grow from US$55.6 billion in 2013 to US$260 billion in 2020.” SEE ALSO: Wong urges real estate industry to embrace digital innovation Eight emerging cities have potential to become full-fledged smart cities by 2030 when their standalone smart-city projects are scaled up. Smart cities are defined as those that utilise technology and other intelligent solutions, in a responsible and sustainable man...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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