Over the past four months, youths researched and brainstormed solutions for several challenge statements in the Huttons Innovation Challenge for the real estate industry’s transformation.
From changing working norms, to innovation, the metaverse, and sustainability–they explored:
1. What are the challenges and trends arising from an ageing population and proportion of singles in Singapore, and what could be the plans and initiatives in terms of private non-landed homes (including but not limited to co-living options) that can be taken to support their future needs?
2. The metaverse is touted as the next big thing. One investment bank sees it as a trillion-dollar opportunity. How can developers leverage on this space to market physical residential properties?
3. How will the shift towards hybrid working arrangement affect the demand in commercial and residential real estate?
4. How will sustainability influence the design of future residential developments?
5. How can smart, algorithm-based and AI technology help consumers and investors in real estate?
The winners of Huttons Innovation Challenge received their recognition from Minister for National Development & Minister-in-Charge of Social Services Integration, Mr Desmond Lee, during Huttons Annual Congress 2022.
Champions from NUS, The “URL” To Sustainability
(Tong Pei Jie Kelly, Teo Jia Rong, Estelle Ho, Tee Xiao Wei, Koh Kai Hong)
The 1st prize winners are a team of undergrads from NUS Business School, Department of Real Estate who walked away with $25,000 cash for their idea in sustainability through ‘URL’; Utility, Reliability and Liveability.