THE 10 REASONS WHY PHAETON IS DEVELOPING SMARTER COMMUNITIES

  1. Urbanisation: Despite the global pandemic, people are still migrating to cities, increasing urban density and the need for compact living. By 2030, cities with more than 1 million residents will jump from a total of 3.1 billion to 3.8 billion people.
  2. Demographic Changes: Family households are shrinking, and the world’s population is aging. By 2030, 43% of global households will consist of just one or two people, increasing demand for smaller living quarters. At the same time, an aging population will encourage the development of larger housing developments to accommodate multiple generations living under one roof.
  3. Sustainability: Sustainability and stronger regulations on energy consumption and green development are stimulating the production of more eco-friendly living options. In 2018, 88 countries established guidelines for buildings to lower energy consumption and reduce greenhouse gas emissions. Global pacts have boosted these developments, including the 2015 Paris Agreement on climate change, adopted by 195 countries in 2019.
  4. Affordability: Increasing house prices together with rent increases continue to outstrip wages. It has contributed to affordable-housing shortages globally. Governments have approved higher density zoning to allocate affordable housing to resolve this problem. They have also used infill development for affordable housing, such as vacant or underused urban areas.
  5. Sharing: The sharing economy initiated by ride-sharing services and co-working spaces has extended to residential living. Shared-housing or co-living developments have small individual units, multifunctional communal areas that all residents use.
  6. Ecofriendly: In line with sustainability, new buildings use responsibly harvested and recycled materials. In addition, it uses rooftop solar power to generate more energy than it consumes in a year, eliminating 3.7 tons of carbon dioxide emissions annually.
  7. Flexible: Consumers have different tastes. Flexible homes allow for individual designs and functions that can be adapted, added to, or improved upon as needed. Developers sell shell units in unfinished conditions where homebuyers can design or redesign the interior.
  8. Healthy Living: Healthy homes are designed to improve the health and well-being of the occupants. They provide state-of-the-art air filtration and purification systems and lighting that simulates natural light to enhance biorhythms or communal spaces for wellness facilities.
  9. Building Technology: Real estate developers incorporate the internet of things (IoT) and artificial intelligence (AI) to create smart buildings with energy efficiency.
  10. Finance: Blockchain technology has progressed significantly into decentralised finance and investment. Models such as fractionalisation and NFT Marketplaces are helping developers in financing their projects.

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Phaeton Technology

Phaeton Technology

Phaeton utlilises Blockchain Technology to create sustainable communities for future generations using our own independent Blockchain platform.