Urban development refers to the process of planning, designing, and managing the growth and revitalization of urban areas, including cities and towns. It involves the creation and improvement of infrastructure, housing, transportation systems, public spaces, and services to accommodate the needs of populations and enhance the quality of life for residents. Urban development aims to promote sustainable growth by balancing economic, social, and environmental considerations.
Key aspects of urban development include land use planning, zoning regulations, community development, and the integration of green spaces. It encompasses both new developments, such as residential and commercial buildings, and the renovation or upgrading of existing structures and neighborhoods. Urban development is often guided by policies and strategies that aim to address issues like population density, traffic congestion, environmental sustainability, and social equity.
Overall, urban development plays a crucial role in shaping the physical, economic, and social fabric of cities, influencing how people live, work, and interact within urban environments.
Keppel is a major foreign real estate investor in Vietnam, with 25 projects and $3.8 billion in registered capital. The company's flagship developments, such as Estella Heights and Empire City,…