Li Jiajie: Internet impact shopping malls

(0012) Vice President Li Jiajie has bluntly, the next 10 years, shopping malls are no additional rent hope, because the mall on the rent of the rent Flow, are attracted to the Internet, causing serious blow to the mall.

The next 10 years shopping malls hopeless rent

Li Jiajie yesterday to attend Tencent (0700) Guangdong, Hong Kong and Macao Bay Area Forum, said BAT (Baidu, Alibaba and Tencent) a large part of the income of advertising, advertising is dependent on the flow; real estate rental income depends on the flow of people, but many people now Went to the Internet, equal to “your advertising is our rent.”

He continued to say that the office has no effect at all, but with the popularity of Hologram (holographic projection) technology, it is not necessary to rent a special office for meetings, and the future is also facing a crisis in the same way as shopping malls.

In terms of housing, he said Hong Kong’s property prices were high because there was no way to land prices and construction costs. The only hope was to reduce costs by technology. The use of technology to speed up the construction speed, such as three years from the construction period to shorten a year, you can save 6% of financial costs, but also one year ahead of rent, the overall savings of 10%, the final benefit to residential buyers. He believes that within 10 years you can see the automatic housing program to reduce the cost of housing construction 20%, the current group in the Gulf and foreign investment-related areas, but did not disclose the amount of investment.