Abstract of CEO Executive Talk
In this talk we explain our definition of PropTech, the industry verticals which explain different PropTech activity and the history of PropTech growth. We describe PropTech innovations in the Smart Real Estate sector, which facilitates the operation of real estate assets; Real Estate FinTech, meaning the enterprise sector which supports (sale or leasing) transactions of real estate assets; and the sharing economy, which is a term used to describe the common use of assets supported by apps, websites and technology platforms. We examine how innovation is accommodated and speculate about what PropTech 2020 will mean for the future of real estate.
About the speaker
Ir. Dr. Llewellyn Tang
BSc(First Class Hons); PGCert; PhD; FHEA; MHKIE; MCIOB; FCInstCES; CCBM
Associate Professor in Building Information Modelling (BIM)
Programme Director, Master of Science in Integrated Project Delivery (IPD)
Department of Real Estate and Construction, Faculty of Architecture, HKU
CIC Certified BIM Manager (CCBM), BSI Certified BIM tutor, Corporate Member (MHKIE), Chartered Construction Manager, (MCIOB), Fellow of the Chartered Institution of Engineering Surveyors (FCInstCES), Fellow for the Higher Education Academy in the U.K. (FHEA), Director of i5 BIM Research Group, Founder of HKU BIM Innovation Start-up – Llewellyn and Partners Co. Ltd. (LPC), Member of the BIM Assessment Panel (BIMAP) of CIC, Committee member for Hong Kong for ISO/TC 59 and ISO/TC 59/SC 13. TEDx Speaker Shanghai Huaihai 2018, Founding Director of Digital City Infrastructure and Technology Innovation Laboratory (D-CiTi Lab), Former Head of Department of Architecture and Built Environment (2012-2017) at the University of Nottingham Ningbo China, Former Lecturer and Postdoctoral Researcher at the University of Reading and Loughborough University respectively, Former Deputy Chairman for the Hong Kong Institution of Engineers (U.K. Chapter), Former member of Construction Excellence BIM Industry Task Group (PAS 1192) for the U.K. Government.
With over a decade of international and local experience in BIM adoption and innovation, Tang continues to bring good international practice on BIM adoption, training, research, and development into the U.K., Asia-Pacific, China, and Hong Kong. In early 2018, as a pioneer, Tang successfully introduced UK BIM level 2 into China for a real estate developer, helping her tap the most value of this international standard for their digitization journey. The same year, the team designed an application of a strategic framework for the national new smart city (Xiongan New Area) based on A.I., BIM, IoT and Blockchain. The research outcome was delivered in TEDx 2018. In Q4 2020, as a significant BIM achievement, Tang is awarded the BIMers 2020 by the Construction Industry Council. In Q1 2021, LPC was given the Gold Award for Emerging BIM company in the HKIBIM Awards 2020. Internationally, the LPC research team’s inventions (BIM Warehouse) were awarded Silver Medal at the Special Edition 2021 Inventions Geneva Evaluation Days.
Prof. Andrew Baum
BSc; MPhil; PhD; RICS; CFA
Director, Thames Road Limited
Senior Research Fellow, Green Templeton College
Emeritus Professor, University of Oxford
Professor Andrew Baum led the school’s teaching activity in real estate 2009-2021 (MBA, EMBA and executive education), and in 2017 he established the Oxford Future of Real Estate Initiative, an industry-supported research programme focused on the 2025-2030 impact of innovation and technology on the global real estate industry.
He is Chairman of Newcore Capital Management, a real estate fund manager focussed on alternatives, and advisor to several property organisations. He was hired as the first director of property research for Prudential in 1987, since when he has spent part of his time as an academic and part of his time in business, developing an expertise in property funds, proptech and international real estate investment.
He founded RES (a property research company) in 1990 and (with his partners) sold the business to Henderson Global Investors in 1997. In 2001 he founded OPC, a property research and investment company which was sold to CBRE Investors to create CBRE Global Investment Partners.
Professor Andrew’s ground-breaking report detailing the dramatic changes facing the real estate industry – PropTech 3.0: The Future of Real Estate – was the most downloaded Oxford Saïd report in 2017, and became the most downloaded PropTech report on Infabode. He was also voted one of the top 3 most influential people in PropTech in the 2017 Lendinvest list.
He held the Chair in Land Management at the Henley Business School, University of Reading, from 1989 to 2013 and was founder in 2002 of the Reading Real Estate Foundation, an educational charity established to support real estate education. He was appointed Emeritus Professor at Reading in 2013. He was Honorary Professor of Real Estate Investment at the University of Cambridge from 2009 to 2014, and a Fellow of St John’s College, Cambridge from 2011 to 2014.