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Future Perspectives on Housing Projects As part of big towers and new city development Prof Babar Mumtaz Director, Urbannovation Slide 2 Slide 3 Slide 4 How did we get here? 8/26/08mumtaz The drivers of Public Housing Policy and Projects Protection Fear Patronage Politics Give as little as you can get away with The drivers of Private Housing Projects Investment Cram as many as you can get away with Slide 5 The transformation of housing 8/26/085mumtaz Housing as a process Housing as a product Housing as paper the commodification of housing Slide 6 Why did we get here? 8/26/086mumtaz The Myth of the Residential Tower Block Speed Cost Density Amenity Modernity Livability Slide 7 So where do we go from here? 8/26/087mumtaz Slide 8 So where do we go from here? 8/26/088mumtaz Slide 9 Investment Influencers 8/26/089mumtaz InvestorsForeignRisks Internal (design) External (market) Saturation Creation (marketing) ProfitsLocal Housing needs Slide 10 Boomtown stats 8/26/0810mumtaz nationalsothers Returns % risks Investment % usersinvestors occupy Initiate Slide 11 Alternative scenarios 8/26/0811mumtaz Current Trends Attraction of Villas Attraction of CBD Appreciation of Environment Housing Overview GroupPopulation %Land use % Nationals1580 White collar2515 Blue collar605