The economics, logistics and benefits of property plus transport hub development models have industry leaders talking at Facility Media’s Transport Oriented Development Conference in 2013.
As the first of its kind in Asia attending TOD Asia will put you and your organization on the cutting edge of urban planning, infrastructure and property development as Asian urbanism develops over the 21st century. During this period no one disputes that Asia will see a massive increase in urban populations while facing increasing pressure to provide the resources of power, water and transportation while minimising environmental impact and improving residents’ quality of lives.
Sweeping across Asia is a new trend that promises to meet these challenges by bringing infrastructure, property and commercial development in both new and existing cities. TOD had its origins in the ‘rail + property’ model pioneered in cities such as Hong Kong, where the sales of real estate development properties around metropolitan railway stations financed the building of the railway. Slowly the concept has grown until, with tweaks in the model and a flexible approach by both governments and private sector, it has exploded into a truly integrated win-win real estate model. Now the property developments cover not just rail and road interchanges but are centered around sea and air transportation options.
In their first incarnation transit oriented development options provided financing for the initial capital cost of the railway and station infrastructure. Through careful planning of transport, property and public services around the site each station could be designed in such a way so as to maximize ridership and commercial and residential real estate items to cover initial development costs for the public infrastructure. Today the model has advanced still further.
Not only can property sales cover capital costs but commercial developments such as profitable shopping centres and office towers rental income can be held and used to finance ongoing running and maintenance costs. Public transportation has become a public service that yields a profit through careful planning and management.
At the TOD Asia conference top advisors and owners of projects will join together to discuss the opportunities that exist within the sector. The conference will start with an over view delivered by public transportation and development companies that are delivering these projects today. They will look to the opportunities and challenges presented by TOD in various Asian locations including a history of rail + property developments through to modern master-planned multi-modal transportation interchange based development. There will be an emphasis on how to grasp the advantages of this form of development and integrate multiple elements. TOD is happening already, speakers will discuss what is working and a global and local context.
After hearing from regional case studies speakers will turn to the important topic of financing models and how this can work using real examples from the Asian context. For example, in China city planners are looking to turn public transportation companies into property developers in their own right rather than just offering the proceeds of sale of land funds. In cities looking to create a case for transportation infrastructure development speakers will address how to create the business case, lifecycle costing and funding models.
The importance of master planning is at the core of the TOD concept. The model simply doesn’t work with out it however each TOD plan needs to be different depending on the local conditions. For example not every stop on a metro can accommodate large scale commercial development and TOD developments differ from other mixed use developments. Pulling together each of the various elements takes skill and experienced advisors.
It is a misconception that TOD must be integrated with a metro rail project. In many cases transportation planners will advise that a rapid bus or alternative option is preferred. At TOS Asia Conference speakers will discuss the myriad of transportation options as well as drilling into the details of multi modal transportation interchange configurations and the human traffic flow therein. In particular GIS and BIM are used to create models suitable for the particular situation.
When phasing a TOD Development balancing feeder and central transportation nodes is an important part of the planning process however, even in so called new town environments it is unusual that the developments will be in an entirely green field site. As such in the afternoon speakers will look at case studies of how to develop TOD within an existing urban fabric. Resumption of land strategies and developmental options that retail local flair while maximizing value will be explored.
What makes people want to live in and use public transportation is the residential community that speaks to people’s desire for convenience while recognizing the aspirations of Asia’s urban dwellers. Successfully combining high-density, highly liveable environments with leisure and recreational spaces in a safe and green community can be a challenge – yet case studies at TOD Asia prove that it can be achieved.
Attracting private sector participation in TOD projects is the final key to its success. The trend towards live, work, play communities opens up many opportunities but can only be successful through both private sector funding and buy-in. Significant profit and expertise can be leverages through experienced regional experts while retail and commercial operators can create the buzz that makes the development happen. Having their early participation and input is a gift to be managed wisely with advice from experienced professionals. Join the TOD Asia Conference and find out more!
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