TOKYO: Sony is set to launch its new virtual reality headset, joining Facebook, Samsung and Google in a market that analysts say could boost the global gaming sector.
The electronics giant — which has been leaning on its videogames business to claw back to profitability — will start selling its PlayStation virtual reality (PSVR) headset on Thursday in home market Japan and North America.
Priced at $399, the headset is significantly cheaper than rival offerings and Sony is hoping the gadget will fly off the shelves during the crucial holiday season.
PlayStation VR headsets work with PS4 consoles, more than 40 million of which have been sold globally.
Dozens of software titles for the device are in the pipeline, allowing players to fly like an eagle, drive sports cars in high-speed races, and explore castles.
Gamers can also indulge in fantasy by flirting with virtual females thanks to increasingly realistic VR technology.
But with bulky headsets required to immerse players in the action, virtual reality games with segments lasting just a few minutes are currently the norm.
Developers are trying to determine how far they can extend play without causing fatigue or nausea.
Sony has promised that more than 50 games will be available for the PlayStation VR within months of its launch, including zombie-shooter "Resident Evil", and games based on the "Star Wars" franchise.
Some of the first titles already in store are "Batman: Arkham VR" and "Until Dawn: Rush of Blood", which early reviewers have said use the virtual reality headset successfully to increase the element of surprise and fear for gamers.
Sony is getting a head start because it has a well-established PlayStation brand and the headset works with consoles already sitting in millions of homes, analysts said.
Earlier this year, Facebook-owned Oculus began selling its Rift virtual reality headsets for $599, a price which does not include the cost of a computer that can handle the processing and graphics demands of the technology.
Taiwan's HTC set a price of $799 for Vive VR gear, which also requires computer systems that can handle the rich experience.
Google has unveiled its Daydream View virtual reality headgear that is compatible with smartphones and a direct challenge to Samsung Gear VR.
Microsoft announced Wednesday that it was taking pre-orders for its HoloLens -- an augmented reality headset it says will allow users to interact with holograms -- and would start shipping the device in November.
"This year is going to to be the dawn of virtual reality games," said Hiroshi Sakai, a senior analyst at SMBC Friend Research Center.
"Tomorrow's launch could signal the day when VR becomes more mainstream."
Sony has not released global sales forecasts for the headsets.
The technology, which is still unfamiliar to many consumers, will likely supplement the industry rather than transform it, Sakai said.
"Instead of being a game-changer, VR is likely to give a boost to the gaming industry," Sakai said.
According to an AFP reporter who had tried the new headset, it was lightweight and comfortable but complicated to install with numerous cables that need to be hooked up to allow it to work.
It may be initially confusing for gamers to adapt their playing style to virtual reality, the reporter said, and users will also need to buy a PS4 camera, which is not provided.
For Sony, the new headset could be key to driving the PlayStation brand, which is essential to its finances as it recovers from years of losses largely tied to an ailing TV unit and consumer electronics.
As Sony battles to stay ahead of Microsoft's Xbox gaming console, PS4 has seen the fastest and strongest adoption since the first generation of the console was introduced more than 20 years ago.
"(PSVR) is likely to be a significant factor when you look at the bigger picture of Sony's future business," Sakai said.
Sony tapping virtual reality with PlayStation headset
Sony tapping virtual reality with PlayStation headset
Reforms target sustained growth in Saudi real estate sector, says Al-Hogail
RIYADH: The Real Estate Future Forum opened its doors for its first day at the Four Seasons Riyadh, with prominent global and local figures coming together to engage with one of the Kingdom’s most prospering sectors.
With new regulations, laws, and investments underway, 2026 is expected to be a year of momentous progress for the real estate sector in the Kingdom.
The forum opened with a video highlighting the sector’s progress in the Kingdom, during which an emphasis was placed on the forum’s ability to create global reach, representation, as well as agreements worth a cumulative $50 billion
With the Kingdom now opening up real estate ownership to foreigners, this year’s Real Estate Future Forum is placing a great deal of importance on this new milestone and its desired outcomes and impact on the market.
Aside from this year’s forum’s unique discussions surrounding those developments, it will also be the first of its kind to launch the Real Estate Excellence Award and announce its finalist during the three-day summit.
Minister of Municipalities and Housing and Chairman of the Real Estate General Authority Majed Al-Hogail took to stage to address the diverse audience on the real estate market’s achievements thus far and its milestones to come.
Of those important milestones, he underscored “real estate balance” as a key pillar of the sector’s decisions to implement regulatory tools “with the aim of constant growth which can maintain the vitality of this sector.” He pointed to examples of those regulatory measures, such as the White Land Tax.
On 2025’s progress, the minister highlighted the jump in Saudi family home ownership, which went from 47 percent in 2016 to 66 percent in 2025, keeping the Kingdom’s Vision 2030 goal of 70 percent by the end of the decade on track.
He said the opening of the real estate market to foreigners is an indicator of the sector’s maturity under the leadership of Crown Prince Mohammed bin Salman. He said his ministry plans to build over 300,000 housing units in Riyadh over the next three years.
Speaking to Arab News, Al-Hogail elaborated on these achievements, stating: “Today, demand, especially local demand, has grown significantly. The mortgage market has reached record levels, exceeding SR900 billion ($240 billion) in mortgage financing, we are now seeing SRC (Saudi Real Estate Refinance Co.) injecting both local and foreign liquidity on a large scale, reaching more than SR54 billion”
Al-Hogail described Makkah and Madinah as unique and special points in the Kingdom’s real estate market as he spoke of the sector’s attractiveness.
“Today, the Kingdom of Saudi Arabia has become, in international investment indices, one that takes a good share of the Middle East, and based on this, many real estate investment portfolios have begun to come in,” he said.
Al-Ahsa Gov. Prince Saud bin Talal bin Badr Al-Saud told Arab News the Kingdom’s ability to balance both heritage sites with real estate is one of its strengths.
He said: “Actually the real estate market supports the whole infrastructure … the whole ecosystem goes back together in the foundation of the real estate; if we have the right infrastructure we can leverage more on tourism plus we can leverage more on the quality of life … we’re looking at 2030, this is the vision … to have the right infrastructure the time for more investors to come in real estate, entertainment, plus tourism and culture.”









