Mann Report June/July 2022

Page 78

FEATURES

Daewoo Offers First Metaverse Application in Korea Property Market

I

Photo courtesy of PRNewswire

ntroducing the first metaverse application for the South Korea property market, Ubitus K.K., a Japan-based graphics processing unit (GPU) virtualization

technology and cloud streaming platform, has worked with telecommunications company KT Corp. and Daewoo E&C, a Korean real estate developer, to launch Daewoo Prugio Metagallery, an interactive online house tour service. The ability to reach potential customers with just one browser link without them visiting the showroom should generate more interest and buying opportunities and realize more sales quickly. Daewoo Prugio Metagal-

After Daewoo set up the apartment 3D model

utilizing technology and their knowledge in

lery allows potential customers to browse

in game engine with the HDRP (high-defi-

construction. It is our pleasure to work with KT

each property, virtually walking through the

nition render pipeline) feature, Ubitus used

and support Daewoo Prugio Metagallery. We

property to understand the layout, views

patented Gamecloud technology to cloudify

believe this cutting-edge project will greatly

and flows, without physically visiting the

and stream the model that enable visitors

assist property touring and simulate interests

showroom. While the physical showroom

to visit Daewoo Prugio Metagallery in a

in the long run,” said Wesley Kuo, Ubitus CEO.

usually showcases just one property lay-

360-degree view across devices from laptop,

out of the entire project, Daewoo Prugio

mobile to tablet. The finished Daewoo Prugio

Founded in 1973, Daewoo E&C has been

Metagallery can demonstrate every single

Metagallery was ready to run on KT’s existing

dominant in the construction industry in

property layout on offer, allowing customers

cloud gaming infrastructure. More metaverse

South Korea, including the development

to experience the layout and attributes of

applications in different industry domains,

of its Prugio premium apartment complex

their most interests. With the option of pro-

following similar development and deploy-

brand, the first in the country to introduce

jecting furniture and appliances in Daewoo

ment cycles, should be expected.

sustainability to apartment complexes. Its urban redevelopment projects Prugio Summit

Prugio Metagallery, customers can feel confident that what they see is what they get, the

“As an innovator in the market, Daewoo has

projects can be found in major areas includ-

companies said.

been dedicated in smart home for years by

ing Seocho, Banpo and Yongsan in Seoul.

76 MANN REPORT | JUNE & JULY 2022


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By the Numbers: The Return of Global Real Estate

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pages 130-132

Commercial Corner: Gregory Kraut, co-founder and CEO of KPG Funds

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pages 128-129

Crossword

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Executive Changes

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pages 120-125

Cal State Dominguez Opens Innovation and Instruction Building

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The Articles

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Wine Meets Art at Edes Building

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pages 106-107

Warner Red Hill Commences Construction in Santa Ana

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Real Estate is Flagged for Digital Disruption Within the Next Decade

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pages 82-85

To New Heights: The Palace Theatre is Raised on Broadway

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pages 104-105

ESG 1.0 vs. ESG 2.0

5min
pages 80-81

Daewoo Offers First Metaverse Application in Korea Property Market

1min
pages 78-79

AI and the Doorway

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pages 76-77

It’s Time to Re-imagine Private Markets

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pages 66-67

A Middle East Pearl: Four Seasons and Q Bayraq Announce Luxury Development in Doha

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pages 74-75

Rockaway Beach Welcomes Women’s Health Facility

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Nuveen Real Estate Launches Global Impact Investing Sector

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pages 60-65

A Mid-year Look at Commercial, Multifamily Real Estate Finance

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pages 56-57

Ask the Expert: Gemma Burgess on Diversifying Real Estate

7min
pages 54-55

Residential News

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pages 30-33

Editor’s Letter

1min
pages 14-17

Commercial News

5min
pages 26-29

Breaking News

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pages 42-47

Tech Talk

4min
pages 38-41

Management News

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pages 34-37

Making Buildings Perform for People Worldwide

11min
pages 48-53

New York Landmarks Conservancy Presents 2022 Lucy G. Moses Preservation Awards

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pages 20-25
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