00:003, 2, 1
00:03This dual event is more than just a showcase of innovation.
00:15It is a bold platform for advancing regional cooperation in the built environment.
00:21So, ladies and gentlemen, it is a profound honour for Malaysia to address the first ASEAN Real Estate Conference
00:29ARAC 2025 under the inspiring theme, the real estate renaissance, innovate, integrate, impact.
00:39I was meant to understand that ARAC and AQDAX are being held simultaneously across two venues,
00:45which is in Mitek and also KLCC.
00:49The collaboration between these prestigious events stand as a true testament to Malaysia's leadership
00:57in advancing sustainable urbanisation.
01:03ASEAN is home to some of the world's fastest growing cities,
01:07with over 70 million people expected to be added to our urban population by 2030.
01:13The total is projected to reach 373 million.
01:21This rapid growth places immense pressure on housing, infrastructure and sustainability.
01:29Yet within this challenge lies a remarkable opportunity to lead the world in developing real estate models
01:36that are smart, inclusive and climate conscious.
01:41We believe in innovation, not as a luxury but as a necessity for resilience and progress.
01:49From advancing green buildings and climate adaptive design to deploying digital land systems and prop tech solutions,
01:59innovation must be the engine that powers our housing policies and urban strategies.
02:06It is how we make our cities smarter, our developments more efficient and our communities more liveable.
02:16We advocate for integration, not merely of markets but of mines and missions across borders.
02:24We think that the future of ASEAN's strengths lies in our shared history and our shared future.
02:31By fostering cross-border investments, enhancing regional knowledge exchange and working toward regulatory harmonisation,
02:40we can unlock the full potential of a unified ASEAN real estate ecosystem,
02:46one that encourages sustainable growth, attracts quality investment and raises standards across the board.
02:57Above all, we believe in delivering impact that is targeted toward the diverse segments of the ASEAN population
03:05because our progress means little if it does not reach those who need it most.
03:12We must ensure that the benefits of development are equitably shared so that the urban poor, the young, the elderly and the marginalised are not left behind.
03:26This conference encourages robust knowledge sharing and interactive dialogue, drawing on the insights of both policymakers and industry practitioners.
03:38By fostering a strong and dynamic network between the public and private sectors at the regional level, we aim to bridge theory and practice.
03:51At the heart of ARAC 2035, which will convene participants from across Southeast Asia, China and Timor-Leste is a high-level dialogue featuring housing ministers, city mayors,
04:06leading developers and sustainability experts.
04:09These discussions will explore best practices and bold ideas to shape a more inclusive, interconnected and future-ready ASEAN through innovative approaches to urban living.
04:24The integration of ARAC within Archidex is both timely and strategic.
04:29As Asia's leading architecture and built environment exhibition, Archidex attracts over 56,000 visitors from more than 110 countries, providing ARAC with an influential international platform
04:45to elevate ASEAN's real estate and housing agenda to a global audience.
04:52This powerful convergence position Malaysia at the forefront of regional cooperation while showcasing ASEAN's urban development priorities to the world.
05:06Ultimately, our goal is to support the development and publication of practical, actionable and impactful strategies that reflect the unique social, economic and environmental context of ASEAN's housing landscape.
05:22Ladies and gentlemen, the industry players and stakeholders should cease this opportunity in this four-day event to showcase new and emerging real estate innovations and foster collaboration amongst the industry players.
05:40This unparalleled connectivity should bring in tremendous benefits, which include increased people-to-people connectivity,
05:51repeat information sharing, and the growth of new business opportunities and business expansions at both regional and international level.
06:01This conference is a beginning, a launchpad for stronger regional cooperation, for data-driven action, and for people-first urban strategies.
06:15So, I therefore, call upon all ASEAN member states, our industry partners, and international organizations to keep this momentum alive through working groups,
06:28joint research, investment facilitation, and annual progress reviews.
06:34The synergy between ASEAN and ASEAN and ASEAN present a powerful platform that positions Malaysia at the forefront of ASEAN's real estate and urban development landscape.
06:47While ASEAN drives high-level policy dialogue and strategic insights from housing ministers, city leaders, and developers,
06:54architects, architects complement it as ASEAN's leading exhibition that showcases cutting-edge products, materials, and solutions for architecture and the built environment.
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