return icon

5G to transform property market: analysts

Being better connected through 5G will become the new standard for commercial real estate, experts have said.


5G will become the new standard for commercial real estate. — Photo Courtesy Cushman & Wakefield Vietnam

5G, the next generation of wireless technology, is designed to usher in the “connected everything” era.

In Viet Nam, according to the Ministry of Information and Communications' Department of Telecommunications, last year telecom businesses stepped up investment in broadband infrastructure.

5G networks have been tested in 16 provinces and cities; 4G network covers 99.8 per cent of the population and fibre-optic networks all communes and wards in the country.

5G will be commercialised this year.

In the property, market it plays an important role as many smart cities are being developed and commercial projects are mushrooming around the country.

Trang Bi, general manager, Cushman & Wakefield Vietnam, said: “For commercial real estate, real-time monitoring of assets could reduce operating costs and downtime, and 5G can enable new pathways to productivity. The pandemic has shown the need to transform the way we work and collaborate, and 5G has the potential to be part of that transformation.”

An expert was quoted as saying on that investors consider factors like digitisation and stability before parting with their money.

These factors are considered more advantageous now than traditional ones like low cost, big population and abundant human resources, and smart cities and projects where data and technology are able to be transmitted are preferred, he added.

Cushman & Wakefield said in a new report: “As we learn more about 5G’s capabilities, we are increasingly looking at opportunities within the Internet of Things (IoT) realm, especially as it pertains to sensors, buildings and our ability to monitor different data points around any given building.

“The sheer number of sensors and the amount of data is growing exponentially, and 5G allows us to capture that data in real time so that we can build smarter analytics around it. The potential in this area is huge.”

One of the drivers of true technological change will be 5G’s ultra-low latency, which is the time it takes data to travel from the user to the central processor and back again, bringing the time taken to far less than the blink of an eye.

5G will directly impact many spaces in commercial real estate including smart city, smart homes, healthcare, office space, the company said.

With more homes using connected devices, centralised servers that process data collected from these devices increase privacy risk and latency.

In offices, 5G can eliminate excess core cabling and infrastructure. If companies can employ private 5G, no Wi-Fi network or infrastructure will be required.

This would ultimately open up a lot of possibilities for the way floor plans and flexible workspace can be designed.

“5G technology can do so much for commercial real estate,” Trang said.

“Whether through robots, cars, health devices or retail, 5G will undoubtedly transform not only how we operate, but how we work, live and play.”

Source: VNS

Tech giants bet on digital evolution

Tech giants bet on digital evolution

Driven by strong performance in 2021 from digital transformation, Vietnamese technology giants are betting on strong investment on the back of strong policy support to gain higher growth in 2022.


Vietnamese banks that 'disappear' from the market

Some banks used to be very popular, with hundreds of thousands of customers, but they gradually disappeared from the market because of many reasons.

Discovering Hanoi’s famous incense making village

The craft village with a tradition of more than 100 years impresses visitors for its space that is filled with vibrant colors such as blue, red, yellow, etc. of beautifully shaped bouquets of incense.

Vietnam to reassert its position on the world coffee map

Vietnam is the world's second largest coffee exporter, but its impact on the world coffee market is not commensurate with its position, experts say.


Coffee exports to Netherlands enjoy three-digit growth

Youngest female Vietnamese Associate Professor receives Kovalevskaia Awards 2022

Prof. Dr. Le Minh Thang on March 7, 2023 was presented the 2022 Kovalevskaia Awards 2022 by Prime Minister Pham Minh Chinh.

Third pedestrian street opens in Hue City

The Hai Ba Trung Pedestrian Street was opened on Sunday evening in Hue City, becoming the third walking street in the central province of Thua Thien-Hue.

Entertainment and cultural events of the week (March 27-April 2)

Entertainment and cultural events in Vietnam's major cities on March 27-April 2.


Vietnam wins 17 prizes at International Robothon 2023

K'Duong breaks three youth weightlifting world records

Vietnamese weightlifter K'Duong broke three youth 55kg world records during the 2023 International Weightlifting Federation (IWF) World Youth Championships on March 26 which is taking place in Albania.

Struggling hoteliers seek Government support to revive from COVID-19 crisis

Small- and medium-sized hotels in HCM City are struggling with low occupancy rates and labour shortages, and are in need of support to recover from a COVID-19-induced slump, according to the municipal Department of Tourism.

Lion Championship MMA returns, first fight in Hanoi on April 1

The second season of the Lion Championship mixed martial arts will be back with great fighters and frightening fights in April.

Driftwood space launches in Hoi An

The first ever wood recycle space – driftwood village’s studio – has been launched in the ancient’s Cam Ha Commune on the most favourite bicycle riding road connecting the Old Quarter and An Bang beach.

Hoi An to host International Choir Competition

The event has received registrations from 20 teams representing nine countries and territories, and will feature 13 events with eight grades held at the city’s theatre.

Big race for investment in e-commerce logistics

An increase in online sales has put pressure on the logistics system, thereby triggering the race to invest in Vietnam's e-commerce logistics, according to insiders.

Banks underwriting bonds should buy back bonds: VN central bank

Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said.