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Ikea goes all in on smart home tech

August 17, 2019

By Thomas Ricker

Ikea is formalizing what has recently become all too obvious: the company is making a major bet on smart home tech as a source of new revenue. To do this, Ikea announced that it will invest heavily in a new “Ikea Home smart” business unit with end-to-end responsibility for its burgeoning portfolio of smart devices. With access to 780 million shoppers who visit Ikea stores each year, the announcement also serves as a wake-up call to smart home incumbents like Google and Amazon.

Darren Bechtel announces $100m venture capital fund for construction tech

August 16, 2019

By GCR Staff

A venture capital firm led by Darren Bechtel, brother of Bechtel chairman Brendan, has launched a $97m fund to offer seed funding to construction-technology start-ups.

Brick & Mortar describes its mission as to “identify, invest in, and grow emerging companies developing innovative software and hardware solutions for the industries of architecture, engineering, construction, and facilities management”.

3 Biggest Disruptors in the Construction Industry of the Future

August 16, 2019

By Amy Wunderlin

The winners and losers of next-generation construction will be defined by how well they adapt to several emerging trends.

What does the future of the construction industry look like? Significant disruption is almost certain, but so too is opportunity, says Brian Moore of FMI Corporation during a recent webinar hosted by the American Concrete Institute (ACI).

Moore points to three trends in particular that will either make or break your construction firm over the next decade: the ongoing labor shortage, growth of megaprojects and the implementation of technology.

Introducing PAVEGEN

Pavegen creates high engagement with citizens by converting their footsteps into energy, data and rewards. They do this for smart cities and transport hubs, retailers, brands and educators. Pavegen is a data-rich platform that also provides people with the chance to interact physically with sustainability. 

The 'phygital' mall: CapitaLand explains why Funan represents the future of shopping

January 01, 2020

By Shawn Lim

The newly reopened Funan mall is unlike any other shopping mall in Singapore, which embraces omnichannel through click-and-collect services, relies heavily on technology and even operates an urban farm. The Drum speaks to the various stakeholders involved in the project and retail experts to find out if the Funan model is the future of shopping malls.

A day at Funan could look like this – As you drive to your office, which is in the WeWork co-working space in Funan, you take out your phone and book your car park slot ahead of time. Driving into the mall, you are guided to your allocated lot by the video-based smart car parking facility.

Before entering Funan’s twin office blocks to head up to the WeWork, you go through a facial recognition turnstile.

Seeking an Edge, Developers and Investors Turn to ‘Proptech’

May 07, 2019

By Lisa Prevost

“Proptech” is a hot buzzword in commercial real estate, as developers and investors seek an edge in buying, selling and managing their properties. 

The swelling market has attracted venture capitalists, who invested a record $12 billion in proptech start-ups globally in 2017, according to a report from RE:Tech, a tech research marketing agency.

What Global Banks Look For to Invest in PropTech

May 06, 2019

By Betsy Kim

In New York City's 2018 year-end report, CRETech stated $9.6 billion was invested in the commercial real estate tech sector that year. One session at the annual Catalyst event, organized by Honest Buildings and Convene, looked into why the largest global banks are investing in proptech.

Space management & efficiency and its impacts on users and cities

May 03, 2019

By Isobel Lee

PropTech has a key role to play in the evolving space management landscape. Space management software from Boston-based Archibus helps companies consolidate space across property portfolios, transform under-used shared space and forecast needs with scenario planning.

Meanwhile, the recent MIPIM Start-Up Competition, held in Cannes in March, was won by a piece of space management tech called Spaceti, which monitors the relationship between buildings and users, to make smart suggestions for an improved use of space. 

Proptech 3.0 - Innovation Trends to expect in 2019



US $20 million was invested into real estate technology (PropTech) startups in 2008, 10 years later in 2018, this number reached to a whopping US $4 billion.

PropTech was barely a topic of discussion a few years back. However, due to digitisation efforts in various industries, the real estate market also attracted its own share of technology incumbencies. Forbes refers to PropTech as “businesses using technology to disrupt and improve the way we buy, rent, sell, design, construct and manage residential and commercial property”. In this specific article, we will focus on trends which may attract future investments in PropTech 3.0’s ecosystem; specific to the commercial real estate sector (estimated market size of $32 Trillion).

MIPIM Startup Competition

Pitch your concept that tackles the real estate sector!


For the fifth year, the MIPIM Startup Competition, in partnership with global real estate tech partner MetaProp NYC, will reveal the most promising and innovative startups that tackle the biggest urban challenges around the world.


The MIPIM Startup Competition 2020 edition will stop by 3 cities: Paris during MIPIM PropTech Europe (1-2 July 2019), New York during MIPIM PropTech New York (12-13 November 2019) and Hong Kong during MIPIM Asia (25 to 27 November 2019) major international hubs for PropTech, where the selected startups will pitch their ideas and business models to move the real estate ecosystem forward.

WeWork reinforces partnerships with local governments

April 09, 2019

By Kim Young-won

Coworking space firm WeWork said on April 9 that one of its locations in Seoul will be utilized as a venue to foster fintech startups in Seoul.

The fintech laboratory, the second of its kind to be operated by Seoul Metropolitan Government from July, will be located in the coworking firm’s office in Yeouido, a financial district that is home to 32 percent of all financial institutions, 40 percent of investment advisors, and 26 percent of domestic life insurance companies in the nation.

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