Virtual Seminar on Accelerated Digitalization: How Technology Disrupts the Real Estate and Property Industry

Activity Description

On Wednesday, June 16, 2021, GEN Indonesia collaborated with the International Federation of Real Estate Indonesia and BINUS University to organize the virtual seminar on the topic of Accelerated Digitalization: How Technology Disrupts the Real Estate and Property Industry.  The technological disruption that is happening in the real estate sector will go far beyond taking away “what you can sell”; it is set to radically transform the real estate profession. Recent studies indicates that it is not just brokers but the entire real estate industry that has to rethink how new technologies as well as shifts in demographics and behavior will impact upon real estate jobs, skills and business modelsThe technological disruption that is happening in the real estate sector will go far beyond taking away “what you can sell”; it is set to radically transform the real estate profession. Recent studies indicates that it is not just brokers but the entire real estate industry that has to rethink how new technologies as well as shifts in demographics and behavior will impact upon real estate jobs, skills and business models. 

And the real estate industry is already feeling the effects, as technological advances are rapidly disrupting the conventional ways that people live, work and shop. These advances will have a profound impact on all real estate asset classes, from office buildings to shopping centers to warehouses. In an age of disruption, no real estate is immune. Those who occupy real estate – whether office, retail, industrial, institutional or residential – have the opportunity to use a real estate event such as a lease expiry, property acquisition, refinancing or redevelopment to drive change within their organization.

Real estate owners, investors, developers, managers, and service providers need to take notice and adapt business models and delivery systems to embrace digital disruption. This includes the myriad real estate issues, such as building construction, sustainability, site selection, financing, amenities, accessibility to infrastructure, branding, property management and a wide array of other issues specific to each real estate asset class. The key to surviving and thriving in this age of digital disruption is to adapt to these disruptors – while maintaining a flexible approach that can withstand future volatility, drive growth and stay true to the core vision.