In an era of rapid urbanization, the convergence of technology, real estate, and policy has given rise to exciting possibilities. PropTech (property technology) and the vision of smart cities are at the forefront of this transformation.

Dr. Daniele Gambero, President of PropTech Association of Malaysia joined us for PropTech Power Talks to share valuable insights about smart city development and policies and regulations in PropTech. He also sheds light on the loopholes and the way forward.

Let’s delve into the highlights of the Proptech Power Talks, Episode 2 with Daniele:

The Propenomy Model: Data-Driven Property Development

Daniele Gambero’s developed the Propenomy model which is a mathematical marvel. By combining various drivers and datasets, it enables property development predictions over extended time frames—5, 10, or even 15 years. This data-centric approach empowers developers, investors, and policymakers to make informed decisions.

Smart Cities: Beyond Technology

Inclusivity Matters

Smart cities require a unified digital platform that integrates data from services like education, healthcare, and administration but efficiency, sustainability, and improved quality of life are important as well. What defines a truly smart city is not just about sensors, AI, and interconnected buildings but inclusivity is the missing piece here. A smart city should cater to all residents, regardless of socioeconomic status or background where the work needs to be done.

Malaysia’s Progress and Global Examples

Malaysia is making strides in smart city development. Integration and control rooms are steps in the right direction. Yet, we have a long way to go. Meanwhile, Indonesia’s Nusantara project and Saudi Arabia’s “The Line” exemplify how technology can shape urban living. Investors’ returns and citizen well-being should go hand in hand.

Outdated Laws and Green Infrastructure

Regulations often lag behind technological advancements. While fintech faces strict oversight, proptech—an industry with immense potential—needs a lot of work. Green infrastructure, a cornerstone of sustainable cities, remains underenforced. Imagine if every building adhered to eco-friendly standards! We’re not there yet, but progress is underway.

Advice for Proptech entrepreneurs

If you’re venturing into proptech, seek subject matter experts. They’ll guide you through the maze of possibilities and limitations. Remember, technology alone won’t transform cities; it’s the intersection of innovation, policy, and inclusivity that truly unleashes urban potential.

In conclusion, let’s envision smart cities where technology serves everyone, where data-driven insights shape our skylines, and where regulations keep pace with progress. The journey is long, but the destination—a truly smart, inclusive city—is worth every step.

Remember that the future of our cities lies in collaboration, innovation, and sustainable practices. Whether you’re an urban visionary, a tech enthusiast, or simply curious about the urban landscape, keep exploring, questioning, and pushing the boundaries of what’s possible.

Stay tuned for the next episode where we will explore other aspects of PropTech.

PropTech Power Talks, for real estate agents, investors, or inquisitive minds. Connect, explore and get empowered!