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Gulf Times - ‘Qatar on course to becoming a Smart Nation’

Gulf Times - ‘Qatar on course to becoming a Smart Nation’ | Property TECH | Scoop.it

Qatar is on its way to becoming a 'Smart Nation' in the coming years, HE Sheikh Abdullah bin Mohamed bin Saud al-Thani, chairman of Ooredoo Group has stressed, highlighting that the ultimate goal is to become the best-connected country in the world.

Clarence Wong, MSRE's insight:

Qatar is positioning itself to become a 'Smart Nation' by leveraging its high level of broadband and mobile adoption along with smart city technology into "every aspect of national development".

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Latest news regarding digital innovation and technology in property development
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Our first look at Alphabet’s smart city

Our first look at Alphabet’s smart city | Property TECH | Scoop.it
Timber towers and smart pavement: Alphabet’s Sidewalk Labs is sharing an early glimpse of its Toronto development.
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The future of proptech in Asia lies in AI, VR, and blockchain

The future of proptech in Asia lies in AI, VR, and blockchain | Property TECH | Scoop.it
Julian Kwan (CEO of InvestaCrowd), Albert Ovidi (COO of JLL Asia Pacific), and Hari V. Krishnan (CEO of PropertyGuru Group) share their thoughts.
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'New retail' convergence of offline and e-commerce sales transforming Asia's business landscape

'New retail' convergence of offline and e-commerce sales transforming Asia's business landscape | Property TECH | Scoop.it
The merger of offline and online retail being pioneered by the likes the Alibaba — dubbed ‘new retail’ — will provide the foundation on which emerging economies will be built, a new report claims.
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La tech au service de l'immobilier

La tech au service de l'immobilier | Property TECH | Scoop.it
Présents au Mipim Proptech des 20 et 21 juin derniers, les acteurs européens de la "real estech" veulent réinventer l'écosystème de l'immobilier.
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Why Venture Capitalists Are Investing Billions Into Real Estate Technology

Why Venture Capitalists Are Investing Billions Into Real Estate Technology | Property TECH | Scoop.it
Now is the time to get involved with real estate technology.
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$3B Investment Wave Expected to Drive Proptech Innovation in Asia

$3B Investment Wave Expected to Drive Proptech Innovation in Asia | Property TECH | Scoop.it
At a time when more than 300 million Chinese have used online food delivery and some 10 percent of the mainland population have signed up for ride-hailing apps, one may wonder when the tech revolution will reach what may be... Read More>>
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Wal-Mart Already Has a Thriving Online Grocery Business, Just Not in the U.S.

Wal-Mart Already Has a Thriving Online Grocery Business, Just Not in the U.S. | Property TECH | Scoop.it
Watch out, Amazon.
Clarence Wong, MSRE's insight:

With all the focus on Amazon’s acquisition of Whole Foods, Walmart has quietly developed a successful online grocery business in China, capable of bringing fresh produce from its shelves to the homes of consumers within one hour.


To accomplish this challenge, Walmart has created a network of chilled mini-warehouses, used artificial intelligence (AI) to tailor inventories, and crowdsourced delivery people to bring fresh groceries to consumers.


By year end, Walmart will have one-hour delivery available to consumers within 1.9-mile radii of 161 Walmarts in China. There are also plans to add smaller freestanding last-mile “dark stores” outside of these 1.9-mile radii.


Could a similar business model be adopted and one day in the U.S.?

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FedEx pickup/drop-off services now available across 7,500 Walgreens locations

FedEx pickup/drop-off services now available across 7,500 Walgreens locations | Property TECH | Scoop.it
This holiday season, 80% of the U.S. population is within nine minutes of a FedEx hold location, FedEx reported.
Clarence Wong, MSRE's insight:

Competitors of Amazon need to evolve and adapt to stay relevant or be left in the dusk. FedEx has teamed up with Walgreens to install over 7,500 pick-up / drop off locker stations within retail stores in all 50 states in order to compete with Amazon lockers.


Walgreens on the other hand is beefing up its mail delivery and pharmacy operations support, so it can compete on pharmacy deliveries with Amazon (it recently received wholesale pharmacy licenses in 12 states) and also be able to focus on providing trusted service to clients at stores.

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The VPS-MIPIM UK 2017 polar breakfast seminar

The VPS-MIPIM UK 2017 polar breakfast seminar | Property TECH | Scoop.it
Polar expedition leader and world record holder Jason de Carteret will talk about his amazing record-breaking adventure to the South Pole next Thursday at MIPIM UK, the largest property event for professionals, held at London’s Olympia
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Toys ‘R’ Us Will Live Because Mattel and Hasbro Can’t Let It Die

Toys ‘R’ Us Will Live Because Mattel and Hasbro Can’t Let It Die | Property TECH | Scoop.it

"Manufacturers prop up last remaining single-category stores, offering pledges of support to counter Amazon and Wal-Mart"

Clarence Wong, MSRE's insight:

Iconic Toys R Us might be saved. Major toy manufacturers like Hasboro and Mattel rely on partnering with Toys R Us to successfully sell their products at full retail; they don't want to resort to selling only at discount retailers like Amazon, which would erode their margins.


For these reasons, the major toy manufacturers have pledged to stand by Toys R Us as suppliers during restructuring. During this transition, some agreements with debt holders would prohibit Toys R Us from closing stores completely, but it still may have opportunity to right-size some locations instead.

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WeWork, Naked Hub Expand in Hong Kong's Kwun Tong | Mingtiandi

WeWork, Naked Hub Expand in Hong Kong's Kwun Tong | Mingtiandi | Property TECH | Scoop.it
US co-working unicorn WeWork has leased a full floor in Mapletree Bay Point in Hong Kong's Kwun Tong area, marking the company's first space in Kowloon.
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Amazon Unveils Delivery Lockers For Apartment Buildings

Amazon Unveils Delivery Lockers For Apartment Buildings | Property TECH | Scoop.it
Innovative as ever, Amazon has quietly rolled out a new delivery feature to help apartment landlords in particularly dense markets manage tenant packages.
Clarence Wong, MSRE's insight:

More young professionals and retirees are nowadays opting to rent rather than own homes to save money and also for convenience, including receiving packages when they're not home. To address this need, Amazon has introduced its Hub locker service to simplify parcel delivery and management for apartment operators.

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Early Adopters of Smart Building Tech Will Have the Advantage | cre.tech

Early Adopters of Smart Building Tech Will Have the Advantage | cre.tech | Property TECH | Scoop.it
As commercial real estate leaders begin to leverage technology to maximize profits, smooth operations and delight tenants, a less progressive perception still lingers. In a panel discussion offered at the Realcomm conference in San Diego last month, a comment from one of the presenters sent an uncomfortable wave of chuckles rippling through the room. Addressing …
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Startup Partnered With Marriott and Airbnb Eyes Funding, Deals - Bloomberg

Startup Partnered With Marriott and Airbnb Eyes Funding, Deals - Bloomberg | Property TECH | Scoop.it
Hostmaker, which offers management services for properties listed on Airbnb Inc. and elsewhere, is working on its third funding round as it seeks to enter new markets and develop more technology.
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Using AI to Improve Our Cities and Lives –

“Anything that could give rise to smarter-than-human intelligence — in the form of artificial intelligence, brain-computer interfaces, or neuroscience-based human intelligence enhancement — wins…
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Autonomous vehicles are coming to California in 2019 thanks to Daimler, Bosch and Nvidia

Autonomous vehicles are coming to California in 2019 thanks to Daimler, Bosch and Nvidia | Property TECH | Scoop.it
Can Daimler and Bosch really transform the face of urban mobility?
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Collaboration through technology: The key to a prosperous society

Collaboration through technology: The key to a prosperous society | Property TECH | Scoop.it
Local autorithies' growing interest for data and technology shows how essential it is to implement the right digital infrastructure to shape urba
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Colonialism and the Lost Indigenous Housing Designs by Kayla DeVault —

Colonialism and the Lost Indigenous Housing Designs by Kayla DeVault — | Property TECH | Scoop.it
Developed over thousands of years, traditional architecture can also build climate resiliency.
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Amazon Goes Head-To-Head With Pharmacy Retail Chains

Amazon Goes Head-To-Head With Pharmacy Retail Chains | Property TECH | Scoop.it

“Pharmacy retail chains are preparing for hefty competition and the threat of declining foot traffic after discovering Amazon has launched an exclusive line of over-the-counter health products.”

Clarence Wong, MSRE's insight:

Traditional drug stores and big-box stores like Walmart/Target have always offered low cost generic brand medicine, but Amazon is now offering even lower cost alternatives through its Amazon Basic Care over-the-counter health product line.


By undercutting drug stores and big-box stores in price for generic over-the-counter medicine and also offering the name brands, Amazon is giving its customers even more reason to continue ordering through them for daily-needs products.


Until Amazon starts to offer prescription medicine, drug stores have the upper hand on this, but they still need to be on the defensive. So it’s no wonder CVS and Walgreens are teaming up with health care companies Aetna and UnitedHealth respectively to help maintain foot traffic.

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Bill Gates firm buys Arizona land for $80 million to create 'smart city'

Bill Gates firm buys Arizona land for $80 million to create 'smart city' | Property TECH | Scoop.it
A real estate investment firm owned by Bill Gates recently bought land in Arizona for $80 million to be developed into a “smart city.”
Clarence Wong, MSRE's insight:

Bill Gates recently purchased 25,000 acres for $80 million to develop a new smart city called Belmont in Tonopah, 50 miles west of Phoenix. While Columbus, OH, winner of the 2016 Smart City Challenge, would be the first existing U.S. city to be upgraded to a ‘smart city’, Belmont would be the ‘smart city’ built from the ground up in the US.


Belmont plans call for smart infrastructure, autonomous vehicles as well as upgraded manufacturing and distribution networks. The CRE portion will comprise of 80,000 residential units, in addition to 470 acres for public schools and 3,800 acres designated for offices, commercial buildings and retail.

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Will fine print in leases derail Amazon's omnichannel grocery strategy?

Will fine print in leases derail Amazon's omnichannel grocery strategy? | Property TECH | Scoop.it

"Many thought it would be smooth sailing for Amazon to steamroll the competition as it embarked on its omnichannel expansion."

Clarence Wong, MSRE's insight:

With Amazon's acquisition of Whole Foods, it intends to not only break into the grocery business, but also use the Whole Food brand and existing locations to expand its brick-and-mortar footprint, including adding Amazon lockers.


However, considering Whole Foods now poses a threat to not only traditional grocers, but also to big box retailers like Target and Best Buy, these competitors are pushing back by leveraging existing lease restrictions to roadblock Amazon pick-up lockers.

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Will Blockchain Revolutionize Global Real Estate Next?

Will Blockchain Revolutionize Global Real Estate Next? | Property TECH | Scoop.it
people in many countries suffer when unclear ownership makes it hard to sell or borrow against real estate. And poor documentation can make it easier for corrupt officials to redistribute land to their allies.

“The majority of countries in our world have the followin
MIPIM Sales Team's insight:

Very interesting! #MIPIM

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Here are the cities that meet the criteria for Amazon’s second headquarters

Here are the cities that meet the criteria for Amazon’s second headquarters | Property TECH | Scoop.it
Amazon on Thursday announced it was looking for another city to host what it calls its second headquarters. Given the company’s stated criteria, here’s how Amazon could narrow the list — using the data the company so eagerly devours.
Clarence Wong, MSRE's insight:

MarketWatch analyzed Amazon's criteria for its 2nd HQ and came up with Atlanta, Austin, Baltimore, Boston, Bridgeport, Denver, New York, Provo, Raleigh, Tampa and Washington DC as possible locations.


Below is Amazon's criteria. Reference the article link for more details and methodology.


(1) "Metropolitan areas with more than one million people"
(2) "Stable and business-friendly environment"
(3) "Urban or suburban locations with the potential to attract and retain strong technical talent"
(4) "Communities that think big and creatively when considering locations and real estate options" (tax breaks)

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Amazon's Whole Foods era begins Monday -- with cheaper kale

Amazon's Whole Foods era begins Monday -- with cheaper kale | Property TECH | Scoop.it

The e-commerce giant plans to cut prices on many best-seller grocery items, and Prime members can look forward to "special savings and in-store benefits."

Clarence Wong, MSRE's insight:

The grocery shake-up has begun. No longer needing to rely on high margins to operate, soon-to-be Amazon-owned Whole Foods has announced it will cut prices on popular grocery items this coming Monday upon close of the acquisition.


Furthermore, Amazon Prime members will also enjoy other "special savings and in-store benefits". This "high-end grocer" is evolving, and traditional supermarkets need to adapt in order to keep up or be left behind in the grocery space.

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How Close Is Too Close? E-Commerce Pushing Last-Mile Hubs Closer To Population Centers

How Close Is Too Close? E-Commerce Pushing Last-Mile Hubs Closer To Population Centers | Property TECH | Scoop.it
Malls, shopping centers could be eyed for infill distribution centers, experts say.
Clarence Wong, MSRE's insight:

Functionally obsolete dying malls and department stores, victims of changing consumer preferences to fast-fashion, discount retail and online spending, are often situated in well-located areas and population centers. As such, these properties present opportunity for developers to repurpose them to last-mile distribution centers for retailers and e-commerce providers.

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