In an area of Singapore once home to a brickworks and military training facilities, a vision of the future of urban living is taking shape.
The country is building what it calls its first smart and sustainable town, promising 42,000 homes in an environment where people can be “at home with nature”.
The Tengah project will consist of five residential districts on the 700-hectare site in Singapore’s Western region. Named Garden, Park, Brickland, Forest Hill and Plantation, the areas are designed to improve residents’ health and wellbeing and give them a better quality of life.
How? With smart buildings, greenery everywhere and a prioritization of walking and cycling that routes motor vehicle traffic underground. Read more (WeForum)
It is clear that we leveraged technology to our benefit during COVID-19 lockdowns. Tech was a welcomed lifeline that we will continue to engage to augment our lives or lean on as a crutch as we begin to hesitantly re-enter public spaces. Our fears will turn toward each other as we gauge who we can trust. How that will play out in a world that continues to be raw and divided needs to be understood. What remains unknown is the role of alternate reality spaces and how it will interplay with our lives. Read more
According to Deloitte and Secco, Tier-1 and Tier-2 cities account for 56 percent of luxury goods consumption. However, growing disposable income levels, partly attributed to lower living costs, particularly in North and Southwest China provinces, will open up the luxury market to millions of new consumers. Digital avenues connect these new consumers to the luxury universe. And investments in infrastructure will also create a positive environment (it is no coincidence that Tesla targeted lower-tier cities like Weifang and Linyi when opening its new centers). Read more (Jing Daily)
Showcasing a selection of bestselling professional hair care products, the salon will also test new point-and-learn technology, where customers can simply point at the product they are interested in on a display shelf and the relevant information, including brand videos and educational content, will appear on a display screen. To order the products, customers can scan the relevant QR code on the shelf to visit the product detail page on Amazon.co.uk and purchase, with delivery direct to their home. Read moreGizmodo
“In a world where consumers want more, better and faster, we think Deliveroo is doing a good job,” concluded a report by the private investment bank Berenberg earlier this month. Plenty of people who make money from money are betting that Deliveroo is on a long-term path to profitability, even if its current set-up pushes the company further into the red with every order. “We truly believe we are still getting started,” declared Deliveroo’s founder, Will Shu, in a letter to prospective shareholders. “Join us on the journey.” But what is that journey’s ultimate destination? And what will the implications be – for the way we eat, the livelihoods of those who feed us and the future of our neighbourhoods – once we arrive? Read more (The Guardian)
South Korean startup Farm 8 Co. is among a proliferation of indoor urban growers that saw sales jump during Covid-19. It’s looking to increase sales by almost 50% to 90 billion won ($79 million) this year, partly by boosting production of medical and cosmetic-based plants such as ginseng, centella asiatica and artemisia campestris, Chief Executive Officer Kang Dae Hyun said. In August, the company joined the country’s first regulation-free zone for medical cannabis, growing and processing hemp for cannabidiol (CBD). Read more (Bloomberg)
The old have become happier and the young more miserable Read more (Economist – Paywall)
“Movie theaters act as a curator,” he says. “If it’s good enough to be in a movie theater, you have to pay attention. Whereas you put on your streaming platform and you spend half-an-hour going through the screen going ‘what do I want to watch.’ The movies are not there in the culture in the same way when they’re just on your TV.” Read more
Unlike traditional investments in financial assets, luxury goods can be difficult to value if one does not have an appreciation for their form. A rare painting, for example, does not generate cash flows, meaning its value is truly in the eye of the beholder.
To gain some insight into the market for luxury goods, this infographic takes data from Knight Frank’s 2021 Wealth Report to compare the preferences of nine global regions. Read more (Visual Capitalist)