According to Dato' Robert Teo Keng Tuan, new economy businesses and long-stay hospitality accommodation are potential growth sectors.
Can you share with us your work experience or any backstory that has contributed to your professional career? Such principles are based on fundamental truths, established and accepted by most successful people over time. They are a useful guiding star to navigate one's decisions in achieving the final objective.
Doing more for less and pushing for higher staff productivity will be business prerequisites during and after the COVID-19 pandemic. Therefore, companies should review their current processes, risk exposures and operations management, and innovate themselves to serve their customers more efficiently. It is important to invest in IT and talents, and realign their businesses, increase their resilience to external factors, changing operations models to achieve better work efficiencies.
They say that real estate in new economy businesses like data centres, suburban offices, logistics and long-stay hospitality businesses are COVID-resilient. Can businesses invest in these right now? Which area in real estate should they avoid?