Lifestyle estates are already embracing the incorporation of smart home technologies, and home automation systems that regulate temperature, lighting, security, and entertainment are becoming more popular.
More sophisticated technology, such voice-controlled interfaces, artificial intelligence, and virtual reality, will be present in the rapidly approaching digital future and provide occupants with a seamless and individualized living experience.
Buyers are increasingly drawn to developments that prioritize eco-friendly practices, such as energy-efficient homes, renewable energy sources, water conservation measures, and green spaces that promote biodiversity. As environmental awareness grows, so does the emphasis on sustainability within lifestyle residential estates.
In South Africa, we have fully embraced the global push to become “smart.” There is no turning around, and sustainability will continue to receive more attention with eco-friendly designs, carbon-neutral projects, and a focus on blending in with nature.
5G technology, which will significantly improve the speed, coverage, and responsiveness of wireless networks, is what powers smart cities. It will power autonomous systems, remote-controlled industrial equipment, and blisteringly fast internet in addition to all these other things.
South Africa’s top-end estates among the earliest adopters
The literature on smart cities in South Africa, as well as more general work on African urbanism and South African cities is limited. In South Africa, the concept of the “smart city” is not new. The initial digital city boom in the early 2000s happened while South Africa’s municipal government was being reorganized. The early 2000s saw newly reorganized city governments focusing their efforts on service delivery, and the digital revolution was regarded as a way for a responsible and transparent city government to make that possible more efficiently.
For example, it is almost normal for us to see the use of biometric access control, and fiber to the home for some time now. Fabre optic networks also run all operations in some of South Africa premium estates.
- Revenue in the Smart Home market is projected to reach US$636.10m in 2022.
- Revenue is expected to show an annual growth rate (CAGR 2022-2027) of 9.74%.
- The number of active households is expected to amount to 3.62m users by 2027.
- Household penetration will be 8.1% in 2022 and is expected to hit 17.6% by 2027.
- The average revenue per installed Smart Home currently is expected to amount to US$429.90.
These stats don’t lie and now is the right time to ensure that you keep your eye on the price by making carbon conscious property investment decisions. Public Private Partnerships remain the key drivers, as service provider and as the developmental arm to support the state.
Our experts are happy to answer all your questions.
#SmartCities #Policy #Mobility #Cosmopolitisation #Globalisation #SouthAfrica