Reimagining Real Estate 2024

Page 37 of 48 · WEF_Reimagining_Real_Estate_2024.pdf

Beyond these physical aspects, healthy buildings are designed to cultivate social interaction and mental health. Flexible spaces that encourage collaboration, physical activity areas and access to wellness programmes all contribute to healthier lifestyles. Incorporating quiet zones or spaces for relaxation can reduce stress and enhance mental well-being. CASE STUDY 10 Inclusion champions Enhancing social capital and economic opportunity: Social capital – the networks, relationships and trust that exist within a community – is a key determinant of urban resilience and quality of life that also drives demand at both the asset and neighbourhood levels. Cities that provide access to quality education, skills development and job opportunities create pathways for residents to achieve economic stability and upward mobility. Ensuring that economic growth benefits all residents, rather than just a privileged few, is crucial for maintaining social cohesion. Investments in education, affordable housing, workforce development and entrepreneurship support are essential for creating an inclusive economy that makes use of the talents and potential of all residents. To support these goals, cities need robust governance structures that promote transparency, participation and collaboration. Inclusive decision- making processes allow communities to have a voice in the planning and development of their neighbourhoods, cultivating a sense of ownership and engagement. This approach not only enhances social capital but also ensures that city policies and investments reflect residents’ needs and aspirations.Frasers Property has introduced an industry-first “inclusion champions” programme across its malls in Singapore. In partnership with local community outreach organizations, they provide inclusivity training for mall employees and participating tenants to better support visitors with disabilities and those living with dementia. Participating retail tenants pledged to set aside spaces as dementia go-to points and provide calm shopping hours weekly, where noise and lighting levels are reduced to create a sensory-friendly environment for neurodivergent individuals and their caregivers. The programme uses Frasers Property’s footprint as Singapore’s largest suburban retail mall owner to create a more welcoming and inclusive shopper experience for people with diverse abilities and needs. Source: Frasers Property Reimagining Real Estate: A Framework for the Future 37
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