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IRERS 2020 theme is “Humanizing Real Estate against Global Volatility”
Humanising real estate essentially means to make real estate more suitable for people by endowing the property with characteristics or attributes that appeals to people physically, functionally and financially. For a long time, real estate development emphasizes on profits, return on investments and other dollar-and-cents factors, but in recent years, focus is also given on the needs of the buyer/investor.
Global volatility refers to uncertainties that affects/ or disrupts the world markets. It can be viewed from either a political, economic, social or environmental perspective. Some instances or events that causes such volatilities include the US-China trade war, the mass protest in Hong Kong against China, erratic weathers due to global warming, disruptions towards traditional trading systems due to online shopping and many others. Despite the unstabilities, real estate maintains its number one purpose – to provide shelter. Literally and figuratively. So how does humanising real estate ensure survival against the uncertainties?