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Experts from different industries advocate the mixed reality movement matching into the real estate market from different perspectives. 

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Great potential to put mixed reality in use at real estate industry. 

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  • Current limitation of VR is the lack of tactile feeling. With the reconfigurable interior design, it is possible to create an spacious living environment to the user. 

  • It is no surprise that through hardware advancement, more handy device will emerge, such as a replacement of head mount goggle by glasses. 

  • Cost is likely to fall down drastically in coming future in view of the vigorous development in recent years. But the cost highly depend on the domain of the project. 

  • Mixed reality, both VR and AR, will be the future direction. There can be a see-through goggle where digital information superimposes on real object. 

Dr. Henry Lau - Department of Industrial and Manufacturing Systems Engineering, HKU

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A smaller flat size will worsen the psychological distress of occupants. VR could be a possible solution. 

  • The mental distress will be in form of  increased sense of oppression and loss on locus of control.

  • Control on things is a basic psychological need of human being. Distress arises as occupants gain a low level of control in a tiny flat. Also, oppression can make occupant more anxious. 

  • Foreign countries have started to adopt VR in mental health therapy. 

Dr. Corine Wong - Department of Psychiatry, HKU

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Sometimes, a game-changer was once a laymen.

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  • In the future, real estate could no longer be valuated by sizes.

  • We could make use of available resources in the real estate field.

  • People are often too optimistic about what could happen in short run but too pessimistic about what could take place in long run.

Sr Leo Lo - Founder of Asia PropTech

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VR technology is believed to be developed rapidly, having great potential in the real estate industry.

  • VR applied on housing could provide convenience to the tenants

  • Apart from applying to housing, VR could also be used in many different areas in the real estate industry such as smart office and maintenance

  • VR technology is believed to be developed rapidly

Mr. Frankie Pang - Director, Cordex Intelligence Limited (VR Consultant)

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We need a mature ecosystem where different stakeholders like R&D team, production team and investors could collaborate.

  • Hong Kong’s R&D team in VR is of high standard. 

  • To make VR common, practical usage is more essential than entertainment purpose to boost public’s demand.

Mr. Ivan Chan - XensoryLab (VR Consultant)

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