E-Business
Emerging Markets: Game-Changing Developments in Property Market
From customisable designs to pioneering smart home technology, the emerging markets are breaking new ground when it comes to property development.
As the real estate sectors in Asia, Africa and Latin America mature, the level of innovation has also skyrocketed, with many developers seeking new ways to attract an increasingly discerning property buyer.
Global property portal Lamudi takes a closer look at seven game-changing residential developments in the emerging markets.
Green City – Colombia
Based in Soacha, a small city outside Bogotá, the Green City projects represent the present and future of the country’s real estate market.
This is a great example of urban development: combining efficient technologies, smart spaces and a sense of community for residents. The project offers common areas like green spaces, playgrounds and more: a city within a city.
Malibu Village – Indonesia
This development from Paramount Land allows property-seekers to customise their own home. Located at Gading Serpong in Tangerang, the Malibu Village development allows buyers to choose from 18 design options and eight finishing packages to decide the look of their dream property.
Everything from the type of paint used to the floor materials can be customised. Prices start at 800 million Indonesian rupiah (about US$61,500).
Tao Inspired Living Project – Mexico
Close to Tulum’s ancient Mayan ruins, the Tao Inspired Living Project is a 300 acre development in the heart of the Riviera Maya. The project was inspired by one of the developer’s favourite books, Tao Te Ching by Lao Tzu, a classic text in Taoist philosophy.
The project’s unique philosophy is to foster a sense of belonging and community for residents.
Offering a range of different property types starting from 3.2 million MXN, residents enjoy not only the natural beauty of this mind-blowing location, but also world-class amenities including a beach club, swimming pools, spa, tennis courts, gym, on-site transport and a mall.
L’Opera Luxury Residence – Morocco
Located in the centre of Casablanca, this development offers Morocco’s first apartments with integrated smart home technology. Residents of the two-bedroom L’Opera Luxury Residence apartments can control the internal temperature, adjust the lighting, and secure the property – whether they are at home or not.
The integrated smart home system means all these functions can be controlled on the go using a smartphone.
Althum Golf II Project – Peru
Located in an up-and-coming location in Lima, Santiago de Surco, the Althum Golf II Project offers apartments from 110 to 277 square meters with designs ranging from a loft-style apartments to more traditional layouts.
However, it is the common areas that really make this development stand out. Residents enjoy the best features such as terraces, a well-equipped gym, a covered swimming pool, barbecue space and elevators with direct access to the flats.
Arbor Lanes – The Philippines
This high-end condominium development is located in Taguig City, a growth area in Metro Manila. Developed by Ayala Land Premier, Arbor Lanes offers the best of all worlds: green landscaped surroundings, a well-connected location and world-class amenities. With gardens, pools, and shared open spaces, the development is a pocket of green in which residents can escape busy city life.
Clearpoint Residencies – Sri Lanka
This 50-storey apartment building now under construction in Rajagiriya, near Colombo, will be home to the world’s tallest vertical garden once completed.
With 164 apartments on offer, the design of Clearpoint Residencies incorporates several sustainable and eco-friendly aspects, most notably the mango trees surrounding the building from the ground up.
This vertical garden is more than just a pretty sight: the plant cover reduces the heat level inside the building by lowering exposure to direct sunlight and providing fresher air.
Lamudi Nigeria is a leading online real estate market place exclusively focused on emerging markets. The website offers an easy to use and secure platform to buy, rent or sell real estate online.
Lamudi.com.ng, which started operations in October 2013, has over 40,000 residential and commercial property listing from developers and real estate agents. The company has active offices in Lagos, Abuja, Ibadan and Port Harcourt
Keisha Diamond, Lamudi.com, public relations manager (Nigeria)
E-Business
Amazon CEO Says AI will Reduce Number of Workers Needed

Amazon’s management on Wednesday said that it expects that artificial intelligence software will reduce the number of office workers at the world’s largest online retailer.

Andy Jassy, chief executive, Amazon
“We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs,” Andy Jassy, chief executive, Amazon wrote in an email to employees.
He said it was difficult to predict how the overall workforce will evolve, but in the next few years, it is expected that AI efficiency gains will lead to a reduction in the number of office workers.
According to earlier reports, Amazon employed around 1.5 million people worldwide, with approximately 350,000 office employees in various roles.
The Wall Street Journal reported that the company does not anticipate further large-scale layoffs, as seen in 2022 and 2023, in the near future.
Instead, it expects that vacant positions will not be refilled.
However, layoffs are not ruled out, according to sources familiar with the matter.
“Amazon is focusing on so-called AI agents, software capable of independently performing tasks. These agents could, for example, summarise information from the web and data sources, write software, translate languages and automate many time-consuming tasks,” Mr Jassy explained.
“Agents will be teammates that we can call on at various stages of our work,” he added, urging employees to experiment with AI whenever possible.
The impact of AI on the job market has been a concern for many years.
Recently, Spotify, the leader in music streaming, announced that teams requesting additional staff would first need to prove that AI could not perform the tasks.
The creators of the language-learning app Duolingo plan to gradually replace external workers with AI.
E-Business
BPP Partners NDPC to Strengthen Data Protection

Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.
He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).
Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.
He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.
“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.
Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.
He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.
“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.
He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.
According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.
Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.
He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).
“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.
Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.
He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.
Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.
Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.
E-Business
FG Mulls Fibre Optic Layout to Bridge Internet Gaps

President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.
His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.
He said the fibre optic layout is part of other projects being embarked on.
“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.
“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.
He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.
In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.
The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.
Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.
It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.
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