View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
November 5, 2018

Is micro-housing the way forward for next-generation urban living?

Rapid urbanisation is increasing demand for accommodation and work space, with micro-housing and co-working spaces becoming growing trends across the globe.

By GlobalData Consumer

As millions of people move to cities every week, placing a huge strain on space, city resources, energy requirements and infrastructure costs, a call for a next-generation way of living is required. Rapid urbanisation is also increasing demand for accommodation and work space, with micro-housing and co-working spaces becoming growing trends across the globe. To address this, we are seeing a surge in the number of smart city and micro-living initiatives taking place in many countries.

In particular, we see such initiatives emerging across the Asia-Pacific region, known for its fast-paced urbanisation, with countries such as China, Japan, and Hong Kong experiencing the challenges first-hand. In response, planners are tapping into the concept of micro-housing. Capsule hotels and micro-flats have gained popularity in mega cities such as Tokyo, due to offering space-saving and cheaper alternatives to usually overly expensive price tags that come with renting in such cities.

Space-saving pod concepts are being explored to make housing more affordable for today’s cash-strapped consumers. For example, the OPod Tube Housing project in Hong Kong, although still in the concept stage, is a forward-thinking approach to converting concrete water pipes into approximately 9m² homes, with doors that can be unlocked using smartphones, indicating that this residential concept is specifically aimed at the more tech-savvy younger generations.

Given that urbanisation is considered to have an overall positive impact according to 44% of global consumers (GlobalData’s 2017 Q1 global consumer survey), turning to concepts such as micro-housing will make housing more affordable and accessible to a larger part of the population.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Design Build Network