Technology is playing a major role in reshaping Asia’s real estate industry as the region prepares to emerge from the COVID-19 pandemic, according to the results of the third edition of our tech survey, with developers and investors reaching for new tools to protect their businesses and achieve sustainability goals in the wake of unprecedented disruption.
In the poll conducted by Mingtiandi and Yardi in July of this year, 62 percent of respondents indicated that the COVID-19 pandemic has had a significant or major impact on plans for their own workplaces. Potentially indicating a greater impact is that, among the 72 percent of respondents who manage property assets, 58 percent saw the pandemic as having a significant or major impact on their plans for their portfolios.
Findings of the research, which unpacks how the real estate community is using innovation to futureproof their workplaces and portfolios, are detailed in the Innovation in Asian Real Estate: Systems for a Disrupted Industry report, available for download below.
- 82 percent of respondents believe that technology will play a significant or major role in reshaping their workplaces in the coming three years and 69 percent expect tech to have the same degree of importance in transforming their portfolios.
- 100 percent of respondents in the REIT, pension fund or sovereign wealth fund managers, 79 percent of developers and 63 percent of private fund managers expect technology to play a major or significant role in achieving their sustainability targets.
- 71 percent of respondents said that they are taking steps towards, or have already secured, sustainability certification for their workplaces.