CASE STUDY 1 One Bangkok Well-planned density: It is crucial to reframe density as a driver of liveable cities as it has myriad benefits, ranging from a reduction in transit-related carbon to helping increase housing supply. Baron Georges Eugène Haussmann’s re-design of Paris in the 1800s is a testament to the potential for density as it continues to be a sought after global city. Density allows for more efficient use of infrastructure and public services, as concentrated populations make it economically viable to invest in amenities like public transit, parks and healthcare facilities near where people live. Denser urban areas are often characterized by greater innovation, driven by the colocation of diverse populations, businesses and institutions. Research shows that higher urban density is linked to increased innovation, as indicated by a 1.1% rise in patents per 1,000 people for every 10% increase in population density.6 Frequent interactions among people from different backgrounds and fields spark new ideas and collaborations, creating a dynamic ecosystem of experimentation and entrepreneurship. This environment attracts forward-thinking companies and start-ups, accelerating innovation and positioning these cities as global leaders in technology, culture and business. Hybrid work models and office space transformation: With hybrid work models remaining popular, offices are transitioning from static, desk-oriented environments to dynamic spaces designed for collaboration and creativity. The integration of technology plays a key role in this transformation, allowing seamless connectivity between remote and on-site employees. To enhance liveability, future office designs should focus on flexible work zones, co-working spaces and wellness-oriented features such as adjustable lighting and temperature controls. Co-working spaces are another solution poised for growth in Mixed-use development and proximity to economic opportunity, essential services and social connection are key components of liveability. One Bangkok, the largest integrated master-planned district in the city, demonstrates the success of mixed-use in driving foot traffic. One Bangkok attracts 90 million visitors annually and connects directly to the city’s mass transit systems. With a gross floor area of 20 million square feet, the development includes offices, retail destinations, residential towers, hotels and a live entertainment arena, along with an extensive art and culture programme designed to be inclusive and accessible to the public. With almost half of the development dedicated to green spaces, the public has better access to Lumphini Park and Benjakitti Park, forming a larger green canopy of almost 12 million square feet. Source: Frasers Property Denser urban areas are often characterized by greater innovation, driven by the colocation of diverse populations, businesses and institutions. Reimagining Real Estate: A Framework for the Future 21

Reimagining Real Estate 2024