Core Viewpoint - The article discusses the urban renewal initiatives in Shandong, highlighting the transformation of old neighborhoods and districts into vibrant spaces that enhance residents' quality of life and attract tourism [2][4][7]. Group 1: Urban Renewal Initiatives - Shandong is accelerating urban renewal to optimize spatial layout and improve city functionality and quality, with initiatives like adding elevators to old buildings and creating pocket parks [2][4]. - The province has renovated 15,000 old neighborhoods, benefiting over 2.7 million households, and installed more than 8,000 elevators [4]. Group 2: Community Impact - The installation of elevators in older communities has significantly improved residents' daily lives, making it easier for elderly residents to access amenities [3][4]. - Community engagement was crucial in overcoming challenges related to elevator installation, leading to customized solutions that benefited all residents [3]. Group 3: Cultural and Historical Preservation - The historical cultural district in Qingdao has been revitalized, preserving traditional architecture while introducing modern amenities and diverse businesses [5][6]. - The district now hosts over 120 shops, enhancing the experience for both residents and tourists, with a projected visitor count exceeding 20 million by 2024 [6]. Group 4: Future Urban Development Plans - Shandong plans to focus on comprehensive area renovation, infrastructure development, and historical preservation as part of its ongoing urban renewal strategy [7]. - The province aims to establish a diversified investment mechanism to support these urban renewal actions, ensuring sustainable and high-quality urban development [7].

FARMINGTON, Conn., July 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, July 23, 2025, at 8:30 a.m. ET. Otis Chair, CEO & President Judy Marks and Executive Vice President & CFO Cristina Mendez will discuss the company's second quarter results and 2025 outlook.We encourage you to join through our webcast link. A corresponding presentation and news release will be available on www.otis.com prior to the call and a recording will be available on the web ...

Core Insights - Tatweer Misr has partnered with Otis to supply and install smart vertical mobility solutions across six urban projects, involving 1,250 elevators over six years [1][3][5] - The collaboration aims to enhance the quality of urban living in Egypt by integrating Otis's energy-efficient Gen2® elevator systems into Tatweer Misr's developments [3][5][6] Company Overview: Tatweer Misr - Established in 2014, Tatweer Misr is a leading real estate developer in Egypt, focusing on sustainable and smart urban communities [3][7] - The company has developed six iconic projects, including IL Monte Galala, Fouka Bay, D-Bay, Salt, Bloomfields, and Rivers, which are strategically located across Egypt [3][7] Company Overview: Otis - Otis is the global leader in elevator and escalator manufacturing, installation, and service, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units worldwide [8] - The company has a strong workforce of 72,000 employees, including 44,000 field professionals, operating in over 200 countries [8]

Core Viewpoint - The increasing prevalence of high-rise residential buildings in urban areas is driven by developers' profit motives, but inherent flaws are leading residents to seek alternatives [1][3]. Group 1: Issues with High-Rise Residential Buildings - High public area costs are a significant concern, with public area percentages in high-rise buildings reaching as high as 20%, compared to 10-15% in low-rise buildings, increasing the financial burden on owners [1][3]. - The aging problem of high-rise buildings is becoming more pronounced, with structural and equipment deterioration making demolition costly and unlikely, leading to potential losses for developers [3]. - Dependence on elevators in high-rise buildings creates issues, including long wait times during peak hours and high maintenance costs, which ultimately fall on residents, increasing their economic pressure [3]. Group 2: Regulatory Changes and Future Trends - In September 2021, the Ministry of Housing and Urban-Rural Development issued a notice requiring high-rise construction to align with local firefighting capabilities, which will challenge high-rise development in smaller cities due to inadequate resources [5]. - The new regulations imply that high-rise construction will face significant restrictions and require government approval, leading to a potential shift towards multi-story residential buildings as the preferred option [5][8]. - Multi-story buildings with elevators are expected to gain popularity, offering a balance of convenience and lower public area costs while ensuring safety during emergencies, as residents can evacuate via stairs if elevators fail [8][6].

Core Viewpoint - The article discusses the comparative value retention potential of "staircase apartments" versus "elevator apartments" over a ten-year period, highlighting that staircase apartments may have superior value retention due to various factors. Group 1: Location Advantage - The location of staircase apartments is often in city centers, providing better access to essential amenities such as hospitals, schools, and public transport, which enhances living convenience compared to suburban elevator apartments [3]. - New elevator apartments are typically located in suburban areas with fewer amenities, leading to higher living costs and reduced convenience for residents [3]. Group 2: Shared Area Differences - Staircase apartments generally have a lower shared area, typically between 10-15%, while elevator apartments have a higher shared area, often reaching 20-25% or more, resulting in higher overall purchase costs for elevator apartments [3]. - The higher shared area in elevator apartments also leads to increased monthly costs for property management and heating, which are disproportionate to the actual usable space [3]. Group 3: Resilience to Price Fluctuations - Staircase apartments are more resilient to price declines due to their central location, which tends to maintain value better during market downturns compared to suburban elevator apartments [6]. - The scarcity of land in city centers contributes to the stability of staircase apartment values, making them easier to sell during price fluctuations [6]. Group 4: Potential for Upgrades - Many staircase apartments are likely to undergo renovations, including the installation of elevators, which can enhance living conditions and overall property value [8]. - In contrast, elevator apartments lack similar upgrade potential, as their functionality is relatively fixed [8]. Conclusion - Overall, staircase apartments exhibit stronger value retention capabilities over the next decade due to their location advantages, lower shared area costs, resilience to market fluctuations, and potential for future upgrades [4][8].

Investor Day Presentation MAY 2025 1 © 2025 APi Group, Inc. All rights reserved. Forward Looking Statements and Disclaimers Please note that in this presentation the Company may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of APi Group Corporation ("APi" or the "Company"). Such discussion and statements m ...

Forma Miami, a distinctive architectural landmark designed by world-renowned architect Kobi Karp, now offers its residents exclusive access to a Tesla Model 3 through Envoy's amenity-based mobility platform service. This addition enhances Forma Miami's existing luxury offerings and prime Brickell location, further elevating the property's status in Miami's competitive luxury real estate market. MIAMI, FL, June 11, 2025 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. ("Envoy"), a Blink Charging Co. entity and le ...

最近很多朋友问我，五年后电梯房和步梯房哪个更值钱？这个问题其实挺有意思的，我做了十几年房产 研究，今天就结合最新政策和市场数据，跟大家唠唠我的看法。 先给个结论：核心地段能加装电梯的步梯房，可能比郊区新电梯房更值钱。但这不是绝对的，得具体看 三个关键点：地段、改造潜力、持有成本。 这说明，核心地段的步梯房，本身就有稀缺性溢价。 再看政策红利。2023年住建部新规要求，老旧小区改造要重点推进加装电梯，北京、上海、广州这些城 市都出台了补贴政策，最高能报销45%的加装费用。 这政策可太关键了！比如上海一个6层步梯房小区加装电梯后，房价直接翻了1.5倍； 北京某小区加装电梯后，挂牌价涨了15%，成交周期缩短20%。 数据显示，2025年一线城市加装电梯的步梯房，价格涨幅普遍在10%-20%，而同期电梯房均价反而下跌 了12%。 这说明，政策正在重新定义步梯房的价值。 不过，不是所有步梯房都能享受政策红利。那些房龄超过30年、结构老化的步梯房，或者业主意见不统 一的小区，加装电梯可能遥遥无期。 先说地段。现在买房讲究"地段为王"，这句话永远不过时。像北京三环内1990年代的步梯房，2024年拆 迁补偿价已经到8万/㎡ ...

Company Overview - Otis Worldwide Corporation (NYSE: OTIS) is a leader in escalator and elevator manufacturing, installation, and services [1] - The company was previously part of United Technologies and became an independent entity in Q1 2020 [1] - Otis operates through two segments: New Equipment and Services [1] Industry Position - Otis is recognized as a prominent player in the escalator and elevator industry, indicating a strong market presence [1]

Core Viewpoint - Otis has launched a new double-deck glass elevator at the Space Needle, marking the first of three elevators to be modernized, enhancing the visitor experience and maintaining the iconic status of the landmark [1][2][3]. Company Overview - Otis is the world's leading manufacturer, installer, and service provider of elevators and escalators, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally [8][9]. - The company has a longstanding relationship with the Space Needle, having installed the original elevators in 1962 and modernized them in 1992 [3][4]. Project Details - The modernization project includes three Otis SkyRise™ sightseeing elevators, featuring floor-to-ceiling glass windows, allowing visitors to ascend 520 feet in less than 50 seconds [2][5]. - The new elevators will accommodate up to 46 passengers each in custom-built cabs, with one remaining a single deck [5][6]. - This project is notable as it is the first in North America and only the second globally to utilize Otis' high-rise SkyMotion™ 800 machines, designed for smooth and efficient rides [6]. Renovation Context - The elevator modernization is part of the Space Needle's Century Project renovation, which began in 2017 and includes additional accessibility features [7]. - The recent $100 million renovation of the Space Needle added over 176 tons of glass and introduced The Loupe, the world's first revolving glass floor, enhancing the visitor experience [10].