Industry Insight: Are mixed use developments the future of real estate?

from The Afternoon Update with Lynlee Foo · host MONEY FM 89.3

Mixed-use developments have emerged as a powerful trend in the real estate industry, with industry players revolutionising the way we live and experience urban spaces. They combine residential, commercial, recreational spaces and even healthcare facilities within a single development. While such developments are not new concepts in the market, they have become increasingly popular as more people recognise the value of amenities and convenience within arm’s reach. The iconic Golden Mile Complex renamed The Golden Mile, has recently been repositioned into a mixed use development with offices, medical suites, and retail space. It will be linked to a new 45-storey residential tower named Aurea which is developed through a joint venture between Far East Organization and Perennial Holdings. Shaw Lay See, Chief Operating Officer, Sales & Leasing Group, Far East Organization and Ismail Gafoor, CEO of real estate agency PropNex share their perspective on mixed use developments and the appeal of such projects.See omnystudio.com/listener for privacy information.