Category: Uncategorized

First, let’s talk about the amazing transformation of Keppel South Central. The highly anticipated redevelopment of the former Keppel Towers has been completed, and it is now known as Keppel South Central – the flagship commercial tower of Keppel. The 33-storey building, located along Hoe Chiang Road in Tanjong Pagar, offers approximately 650,000 square feet of office, retail and event space. This project marks a significant pivot for Keppel as it looks to focus on other brownfield redevelopment projects following the completion of Keppel South Central.President of Keppel’s real estate division in Singapore, Samuel Ng, said, “The redevelopment of Keppel South Central is our showpiece. But now that it has been completed, we will be shifting our focus to other brownfield projects.” This move is part of Keppel’s Sustainable Urban Renewal (SUR) strategy, which aims to replicate the success of Keppel South Central in other locations across the Asia-Pacific region. According to Ng, the company is already looking at several projects in the region and will be pivoting towards more green and sustainable developments in the future.

Keppel, a homegrown global asset manager and operator, has announced that it will shift its focus to other brownfield redevelopment projects following the completion of its flagship 33-storey commercial tower, Keppel South Central. Samuel Ng, president of Keppel’s real estate division in Singapore, refers to the redevelopment of Keppel South Central as “our showpiece”.

The former Keppel Towers, now known as Keppel South Central, is a 27-storey office tower completed in 1991, and Keppel Towers 2 (formerly known as GE Tower), a 13-storey building completed in 1993. The completion of the tower last month marks a significant pivot for Keppel, as it looks to focus on other brownfield redevelopment projects.

Nearly 50% of the office space and retail units in the commercial tower are either leased or in active negotiations. A leading financial services group has been secured as the first anchor tenant, leasing two whole floors. Office occupants are expected to begin moving in from June. The tower also offers retail and event spaces on the ground floor, with typical office floor plates ranging between 20,000 and 22,000 sq ft.

In summary, purchasing a Singapore condo offers a multitude of benefits, including high demand, potential for appreciation in value, and attractive rental yields. However, it is crucial to carefully evaluate various factors like location, financing options, government regulations, and market conditions before making a decision. Through thorough research and seeking professional guidance, investors can make sound choices and maximize their profits in Singapore’s ever-evolving real estate sector. Whether you are a local investor seeking portfolio diversification or a foreign buyer looking for a secure and profitable investment, the availability of Singapore condos presents an enticing opportunity. Consider adding Singapore Condo to your investment considerations and reap the benefits of this dynamic real estate market.

The newly renovated property features a suite of technological improvements, including facial recognition access, 5G Wi-Fi, and an indoor air-quality management system. The office space has also been adapted to support the needs of modern tenants, with designated floors fitted with micro ACUs (air conditioning units) for after-hours operations.

In addition to the technological improvements, the tower also introduces retail and event spaces on the ground floor, health and wellness spaces on the fifth and sixth floors, a landscaped terrace on the 18th floor, and end-of-trip facilities on Basement 1. These new facilities bring the development in line with the standards of Grade-A office spaces.

Keppel South Central has been certified by BCA as a Green Mark Platinum Super Low Energy building, with estimated energy savings of about 6.2 million kilowatt hours (kWh) a year. This translates to savings of approximately $1.8 million annually. To achieve this, Keppel incorporated several green solutions that were tested at another ageing property, Keppel Bay Tower, which became Singapore’s first zero-energy commercial building in 2020.

Keppel is looking to replicate the success of Keppel South Central across the region as part of its Sustainable Urban Renewal (SUR) strategy. Ng says, “The challenge, however, is that for every 5 sq ft of demand across Apac, 2 two sq ft of low-carbon space is projected for development from now until 2028. With limited new office supply expected, this presents a significant opportunity for sustainability-focused retrofits.”

In Singapore, ageing office buildings typically undergo redevelopment to recycle prime commercial land in the CBD. Leonard Tay, head of research at Knight Frank Singapore, adds, “The completion of projects like Keppel South Central provides fresh office supply at a time when there are no available sites for an office tower development in the core CBD area.”

To fund the redevelopment of brownfield projects across the region, Keppel announced the first close of its flagship Keppel Sustainable Urban Renewal Fund (KSURF), with total funds under management of over $2.3 billion in April. The fund will target properties across the commercial, living, life sciences, hospitality, and logistics segments in Singapore, South Korea, Japan, Australia, and first-tier cities in China.

Ng says, “Keppel’s in-house capability to execute the renewal works ourselves helps us stand out from other asset managers. Whether it’s an industrial, office, or data centre asset, our operational knowledge helps us to streamline the process of selecting which new technologies to implement, thereby saving in capex cost if the projected savings aren’t produced.”

After the fund acquires the asset, Keppel will be able to complete the asset enhancement works, stabilise occupancy, and divest it within the fund’s life of seven years. To date, Keppel has applied its SUR initiative to eight projects across five countries, with three projects still in progress.…

A 99-year leasehold semi-detached house in District 16 is set to go under the hammer at SRI’s next auction on March 15, with a guide price of $3.65 million. The three-storey property occupies a 3,034 sq ft corner plot at Kew Heights and offers a spacious living area with a double-volume ceiling, an adjoining dining area, a kitchen, helper’s room and six bedrooms.

The property, which has a floor area of 4,436 sq ft, also comes with a car porch and a backyard area. Being a mortgagee sale, this is the first time the property will be offered for sale via auction.

According to Mok Sze Sze, managing partner of auctions and sales at SRI, the spacious layout and location make it an ideal property for extended or multi-generational families. She mentions that potential buyers may also have the opportunity to convert some of the open areas into additional bedrooms.

At a guide price of $3.65 million, the property reflects a land rate of $1,203 psf. This is considered one of the lowest prices in the area, as reflected by a URA caveat from November 2021, where the property was last transacted at $3.19 million ($1,051 psf).

Last year, two other 99-year leasehold landed properties in the Kew Vale estate were also sold – a three-storey semi-detached house along Kew Drive sold for $3.35 million, and a three-storey terraced house along Kew Heights sold for $3.26 million. Both properties were sold in January and February, respectively, and had an average land rate of $1,398 and $1,417 psf.

The average land rate for semi-detached houses in the Kew Vale estate has seen an increase in recent years, with URA Realis data showing that seven transactions in 2023 and 2024 achieved an average land rate of $1,213 psf. This is up from the average land rate of $1,002 psf across seven transactions in 2021 and 2022.

The demand for Condo investment in Singapore has been on the rise, attracting both local and foreign investors. This can be attributed to the country’s strong economy, stable political environment, and exceptional standard of living. The real estate market in Singapore is thriving, offering a wide range of investment opportunities, and Condos are a popular choice due to their convenience, amenities, and potential for high returns. In this article, we will explore the benefits of investing in a Condo in Singapore, as well as the important factors to consider and steps to take when entering this market.

Aside from the attractive land rate, the Kew Vale estate also offers a convenient location, with easy access to major motorways such as the East Coast Parkway (ECP). It will also be served by the upcoming Bedok South MRT Station along the Thomson-East Coast Line, scheduled to open in the second half of 2026.

The property also boasts a range of educational institutions nearby, including Temasek Primary and Secondary Schools, Bedok South Secondary School, and Bedok View Secondary School.…

A sale at the Trizon, a 289-unit condo on Ridgewood Close, made headlines last week as it was the most profitable resale transaction for the period of Feb 25 to March 4. The sale of the 5,737 sq ft penthouse unit on the 23rd floor earned the seller a profit of $3.2 million (49%), which translates to an annualized gain of 4.5% over nine years. This also makes it the second most profitable resale transaction to date at The Trizon.

The record for the most profitable resale transaction at The Trizon was set two years ago when a 7,083 sq ft penthouse was sold for $11 million ($1,553 psf) in August 2023. This unit had been previously bought for $7.1 million ($1,002 psf) in November 2019, resulting in the seller raking in a record profit of $3.9 million (55%), which translates to an annualized profit of 12% over close to four years.

Situated in prime District 10, The Trizon is a freehold development close to the Mount Sinai landed enclave, Pandan Valley and Pine Grove private residential estates. It offers a mix of two- to five-bedroom units, with typical units ranging from 1,012 sq ft to 5,102 sq ft and penthouses ranging from 5,328 sq ft to 7,083 sq ft.

Investing in a condominium offers many advantages, one of them being the ability to use the property’s value to obtain additional investments. Many investors in Singapore Projects have taken advantage of this tactic, using their condos as collateral to secure financing for new ventures and expanding their real estate portfolio. While this approach can potentially yield higher returns, it is important to have a carefully planned financial strategy and consider the potential risks associated with market fluctuations. Visit Singapore Projects for more information.

According to a tabulation of resale caveats by EdgeProp Singapore, the average resale price at The Trizon is around $2,017 psf. In comparison, nearby Pandan Valley, a sprawling 605-unit development, has an average price of $1,449 psf, while The Ridgewood, a 999-year leasehold development with 425 condo units and 38 landed units, commands an average price of $1,728 psf.

Two new 99-year leasehold private residential projects – the 846-unit Emerald of Katong and the 638-unit Tembusu Grand – are located next to The Trizon. Other new projects in the vicinity include The Continuum, an 816-unit freehold development on Thiam Siew Avenue, and Grand Dunman, a 1,008-unit 99-year leasehold project on Dunman Road.

The sale that garnered the second-highest profit during the week was a 1,442 sq ft unit at Haig Court, which was sold for $2.84 million ($1,968 psf) on Feb 27. The three-bedroom unit on the third floor was previously bought for just $798,868 ($554 psf) in 2005. Thus, the seller reaped a profit of $2.04 million ($255%), which translates to an annualized gain of 6.8% over 19 years.

Haig Court is a freehold development on Haig Road in District 15, which comprises 360 units and was completed in 2004. Centrally located in Marine Parade, it is close to shopping malls such as Katong Shopping Centre, Roxy Square and I12 Katong. The condo is also near renowned schools like Chung Cheng High School, Tanjong Katong Girls’ School, Tanjong Katong Secondary School and the Tanjong Katong campus of the Canadian International School.

The two new 99-year leasehold private residential projects next to Haig Court are Emerald of Katong and Tembusu Grand. Other new projects in the vicinity include The Continuum and Grand Dunman.

Haig Court saw eight resale transactions last year, with profits ranging from $450,000 to $2.06 million. There have been two resale transactions so far this year, with the other sale being a 1,453 sq ft unit that fetched $3.02 million ($2,078 psf) on Jan 17. The seller earned a profit of $2.13 million.

The most unprofitable resale during the week took place at Orchard Scotts, where a 2,228 sq ft unit was sold for $3.78 million ($1,696 psf) on Feb 25. However, the unit was previously purchased for $4.35 million ($1,955 psf) in 2010, resulting in the seller incurring a loss of $576,000 (13%), which translates to an annualized loss of 1% over close to 15 years.

Based on a compilation of resale caveats at Orchard Scotts, resale prices at the condo have been declining in recent years. In March 2010, units were typically sold at an average of $2,061 psf, which has since slipped to $1,747 psf by March 2020. However, resale prices have marginally picked up recently to around $1,760 psf.

Orchard Scotts is a 99-year leasehold condo on Anthony Road, off Clemenceau Avenue North in prime District 9. Completed in 2008, the development comprises 387 units ranging from two- to five-bedroom units of 936 sq ft to 4,435 sq ft.…

2h agoA two-bedroom unit at The Esta, a freehold development in District 15, has achieved a new psf-price record of $2,377 when it was sold for $2.38 million on Feb 26. This surpassed the previous record of $2,317 psf set in January last year.The sellers of the seventh-floor unit, who purchased it for $1,833 psf in March last year, made a profit of about $545,000.The average resale price of condo units at The Esta has been steadily on the rise over the past three years. In 2022, the project recorded 10 transactions with an average psf-price of $2,012. The following year, the average price climbed to $2,156 across nine resale transactions. In 2020, another nine units were resold at an average price of $2,248 psf, reflecting an 11.7% increase in average resale prices since 2022.AdvertisementBy absolute price, the most expensive unit sold at The Esta was a 3,477 sq ft, five-bedroom apartment on the 21st floor, which changed hands for $6.25 million, or $1,798 psf, in October 2021.D’Leedon, a 99-year leasehold condo in District 10, came in second with a new psf-price high of $2,287 achieved on Feb 25 when a 1,421 sq ft, three-bedroom unit on the 29th floor sold for $3.25 million. This surpassed the previous record of $2,180 psf set in October last year.Over at Citylights, a 99-year leasehold condo in Kallang, a 893 sq ft, two-bedroom unit on the 26th floor was sold for $1.98 million, or $2,216 psf, on Feb 27, setting a new psf-price record. The latest record is 4.4% higher than the previous peak of $2,122 psf set in December last year. The sellers purchased the unit for $1.44 million in April 2019, making a profit of about $542,000.Citylights, completed in 2007, offers one- to four-bedroom units ranging from 560 sq ft to 3,875 sq ft. It is located just a one-minute walk from Lavender MRT Station and is close to dining and retail options, including Aperia Mall and Kitchener Complex, both within a 300m radius.

Investors must take into account the maintenance and management aspects of a condo when making an investment decision. Condominiums often require a maintenance fee to cover the expenses of maintaining shared spaces and amenities. While this may increase the overall cost of owning a condo, it also guarantees that the property will remain in excellent condition and hold its value. To make condo ownership a more hands-off experience, investors can enlist the services of a property management company. Singapore Projects can assist investors in managing the day-to-day operations of their condos, making it a less active investment opportunity.…

According to the latest Emerging Trends in Real Estate Global Outlook by PwC and the Urban Land Institute (ULI), published on March 12, low yields and sluggish transaction volumes were among the top concerns for property investors in the Asia Pacific (APAC) region this year.

The report gathered investor sentiment from global asset managers, including Blackstone in the US, Savills Investment Management in the UK, and CBRE Investment Management. More than 70% of respondents pointed out low yields, persistently high interest rates, and geopolitical tensions as the main concerns for investors.

The report also highlighted that industry leaders are still drawn to APAC as a diversification strategy due to its population growth and other demographic metrics, as well as its differing monetary policies, such as Japan’s plan to raise short-term interest rates.

Despite real estate transactions in the region growing by 13% year-on-year to US$173.5 billion (S$231.3 billion) last year, surpassing the growth in other regions such as Europe (12% year-on-year) and the Americas (11% year-on-year), transaction volumes in APAC are expected to remain sluggish as Europe and North America begin a new capital markets cycle with volumes set to improve further.

Liquidity in APAC was affected by a drop in transaction volume last year. In China, transactions decreased by 25% year-on-year to US$418.3 billion (S$557.6 billion), while Hong Kong saw a 1% year-on-year dip to US$15.7 billion (S$20.9 billion).

On the other hand, asset managers in Europe are grappling with a different set of concerns. The top three areas of concern in the region for investors include international political instability (85%), a further escalation of the war (83%), and Europe’s economic growth (77%).

Data from MSCI, a leading US-based research and data analytics company, also show that US commercial property prices remained stable last year, ending the year down by only 0.7%. This could mean that investors may shift their focus and capital to these regions in the coming months.

The report also revealed that data centre assets hold the highest potential for investment and development in all three regions in 2025. According to New York-based research firm Green Street, the global demand for data centres reached record levels last year, with asking rents growing at a double-digit pace. In its latest research, MSCI also highlights 2024 as a standout year for this asset class, with acquisitions of existing data centres through single-property and portfolio deals increasing by more than 60% in the US.

In September last year, Blackstone and the Canada Pension Plan Investment Board (CPP) acquired data centre firm AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for over US$16 billion (S$21.3 billion). This was the largest commercial real estate deal recorded in APAC and globally for 2024.

Other related developments include:

– Hilton has set the target of more than 1,000 hotels by 2025
– APAC hotel investments saw a 33% year-on-year increase in the first half of 2022, according to JLL
– ERA Realty has launched its APAC headquarters in Singapore

Investing in real estate is a strategic decision, and location plays a vital role in its success, particularly in the bustling city-state of Singapore. The value of condos is directly influenced by their location, with those in central areas or near important amenities like schools, shopping centers, and transportation hubs experiencing the most significant appreciation. For instance, prestigious areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have seen continual growth in property prices. Families looking to invest in condos also prioritize proximity to top-rated schools and educational institutions found in these sought-after locations, further cementing their investment potential. Additionally, with the introduction of Singapore Projects, these prime areas are expected to see even more growth in their real estate markets.…

:

One advantage of investing in a condo is the opportunity to leverage its value for other investments. Numerous investors leverage their condo as collateral to secure additional funding for new ventures, thereby diversifying their real estate portfolio. While this approach can yield higher returns, it also entails certain risks. That is why having a solid financial plan in place and carefully considering the potential consequences of market fluctuations is crucial. Stay updated with New Condo Launches for potential investment opportunities.

A three-story shophouse with a 999-year leasehold is currently being marketed by SRI Capital Market for a price of $15 million. Located at 20 Liang Seah Street, the property will be sold through an expression of interest (EOI) exercise.

Sitting on a 1,129 square feet plot, the shophouse is classified as “residential and commercial” under the latest Master Plan, with a gross plot ratio of 4.2. With a built-up area of 2,635 square feet, the guide price translates to $2,635 per square foot.

The ground floor and second floor are approved for restaurant use, while the top floor is currently leased for residential purposes. Situated within the Beach Road secondary settlement conservation area, new extensions can be built up to five storeys, subject to approvals.

According to Low Choon Sin, managing partner of SRI Capital Market, the property is ideal for end-users looking for an F&B or corporate office space. The third floor can also be used for staff accommodation, making it a convenient option for businesses. Additionally, the shophouse boasts a prominent frontage along Liang Seah Street, which experiences high vehicular traffic during the day. It is also in close proximity to the bustling restaurants and shops at Bugis.

Low also highlights the potential for long-term investment, with the upcoming completion of developments such as Guoco Midtown and Shaw Towers expected to enhance the vibrancy of the area. “20 Liang Seah Street presents a rare opportunity for investors to acquire a 999-year leasehold property that can potentially benefit from the rejuvenation of Bugis,” he says.

The EOI exercise for the sale of 20 Liang Seah Street will close on April 10. Other notable properties currently available for sale include shophouses on Pagoda Street, retail spaces at Holland Road Shopping Centre, and car parks with accompanying retail spaces.…

Mon, Jul 01, 2019

Undoubtedly, investing in a condominium in Singapore provides a plethora of benefits. With a high demand in the real estate market, potential for capital appreciation, and attractive rental yields, it is a promising investment. However, one must not overlook crucial factors like location, financing, government regulations, and market conditions. By thoroughly researching and seeking professional advice, investors can make informed decisions and maximize their returns in Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, condos in Singapore present a compelling opportunity. Keeping an eye on new condo launches, such as those listed on hornbyeagles.com, can also give investors an edge in staying updated with the latest and most promising developments. With careful consideration and strategic planning, investing in a condo in Singapore can lead to a successful and lucrative venture.

The internal conflict within the board of directors at City Developments Limited (CDL) has finally come to a close. In a recent development, executive chairman Kwek Leng Beng has decided to drop all legal actions against a group of directors led by his son, group CEO Sherman Kwek. Despite the tension between the two parties, both Kwek Leng Beng and Sherman, along with two newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, have agreed to continue serving on the board.

According to a statement released by Kwek Leng Beng on behalf of the board, all members have decided to put their differences aside for the benefit of CDL and its stakeholders. They have also committed to upholding good corporate governance and focusing on strengthening CDL’s business. This includes completing major developments in Singapore and globally, expanding brands under Millennium & Copthorne, implementing a capital recycling strategy, and ultimately maximizing shareholder value.

It is reported that the conflict within the board was fueled by allegations of poor corporate governance made by former director Dr Catherine Wu. However, in light of recent developments, she has resigned from her position and Kwek Leng Beng has stated that these allegations can no longer be justified.

CDL’s stock has seen a surge in response to the resolution of the boardroom-family saga, reflecting investor confidence in the company’s leadership moving forward. This positive sentiment is also reflected in the strong response to The Residences at W, a project by CDL which has sold 65 units at an average price of $1,780 psf. In addition, CDL has acquired five properties in the UK worth $357 million, highlighting their commitment to expanding their business.

With the boardroom conflict now settled, CDL can focus on its operations and continue to deliver value to its stakeholders. The company remains a key player in the property market, with an impressive portfolio of projects and a strong track record. Investors can look forward to more positive developments from CDL in the future.…

Assessing the potential rental yield is crucial when considering an investment in a Singapore condo. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly depending on factors such as location, property condition, and market demand. Typically, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. Therefore, it is essential to conduct thorough market research and consult with real estate agents to gain valuable insights into the rental potential of a specific Singapore condo.

Steve Leung Design Group (SLD), the leading interior design firm founded by the renowned architect and designer, Steve Leung, is embarking on a new venture in the European market through a partnership with Italian designer, Andrea Bonini.

The Hong Kong-based company, listed on the stock exchange, has announced the establishment of a new European branch under the brand SLD.Andrea Bonini. This collaboration will offer a range of interior design services and products to clients in Asia and Europe, catering to high-end residences and luxury hospitality projects.

SLD.Andrea Bonini will make its debut at the prestigious annual furniture fair, Salone del Mobile, in Milan this coming April. The launch will also feature the brand’s debut collection – a smart home lighting range created in partnership with leading smart home manufacturer, Moorgen.

This marks SLD’s first international expansion, demonstrating the company’s commitment to a new strategic direction focused on “rejuvenation, diversification, and globalization”. In a press release issued on March 11, the company stated, “With over 28 years of experience and a strong competitive edge in the market, we aim to spread the joy of better living through design to a wider audience around the world.”…

rate

CapitaLand Group recently signed a memorandum of understanding with Microsoft, marking an exciting collaboration between the two companies. This partnership will see CapitaLand leveraging artificial intelligence (AI) and advanced technologies to enhance its businesses.

Under the MoU, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, gaining access to Microsoft’s platforms, services, and solutions. This will allow CapitaLand to improve customer engagement and operational efficiency across its funds, investments, retail, lodging, and development businesses.

The collaboration will focus on various areas such as infrastructure development, where CapitaLand will utilize Microsoft’s Azure cloud computing platform to enhance its data centre design and products. The two companies will also integrate AI, data analytics, and machine learning to drive CapitaLand’s digital transformation efforts.

Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, shared that this partnership is a significant step in the company’s digital transformation journey. According to her, AI will play a vital role in shaping CapitaLand’s future by improving operational efficiency and creating value for all stakeholders.

In a separate MoU, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, also collaborates with the Singapore Business Federation (SBF). The agreement aims to establish a framework for digitalization and AI integration across CLI’s retail ecosystem.

Some of the initiatives under this partnership include facilitating the adoption and proof of concept for AI, data analytics, and cybersecurity solutions. CLI will also focus on developing AI-focused competency and skills among its retail tenants to enhance business efficiency and competitiveness.

When purchasing a condominium, it is crucial to also factor in the maintenance and management of the property. Condos usually come with maintenance fees that cover the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of ownership, they are necessary to maintain the property’s condition and preserve its worth. To simplify the management of their condos, investors can enlist the services of a property management firm, turning it into a more hands-off investment. Singapore Projects can offer various options for potential investors seeking to purchase a condo.

This partnership with Microsoft and the collaboration with SBF marks CapitaLand’s commitment to digital transformation and its continuous efforts to remain at the forefront of technology and innovation. With the help of AI and advanced technologies, CapitaLand is confident in improving customer experience and achieving more operational efficiencies.…

Read more: CapitaLand Group partners with Microsoft to enhance digital capabilities

Investing in a Singapore Condo offers numerous advantages, including the potential to leverage the property’s value for future investments. This strategy is often utilized by investors who use their condos as collateral to secure additional financing for new ventures. By doing so, they are able to expand their real estate portfolio and potentially increase their returns. However, it is important to note that this approach also carries risks, and it is crucial to have a solid financial plan in place. Additionally, it is essential to consider the potential impact of market fluctuations on these investments. Condo investments in Singapore can be a lucrative option, but it is important to carefully weigh the pros and cons and make informed decisions to achieve success in the real estate market.

CapitaLand Group and Microsoft have recently signed a memorandum of understanding (MoU) in order to harness the power of artificial intelligence (AI) and advanced technologies across the CapitaLand Group’s businesses.

As part of the collaboration, CapitaLand will become a part of Microsoft Singapore’s AI Pinnacle Program. This will enable the company to utilize Microsoft’s platforms, services, and solutions to boost customer engagement and improve operational efficiency in various areas, including funds, investment, retail, lodging, and development.

Among other things, the partnership will explore potential areas of collaboration in infrastructure development and utilize Microsoft’s Azure cloud computing platform to enhance CapitaLand Investment’s data center design and products. Moreover, the integration of AI, data analytics, and machine learning will play a crucial role in strengthening CapitaLand’s digital transformation efforts.

Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, said, “Our collaboration with Microsoft marks a significant step towards our digital journey. AI will play a pivotal role in shaping our future by improving operational efficiencies and creating value for our stakeholders.”

In addition to this agreement, CapitaLand Investment (CLI) – the real asset management arm of CapitaLand – has also signed an MoU with the Singapore Business Federation (SBF). This partnership aims at establishing a framework for digitalization and integration of AI across CLI’s retail ecosystem.

As part of this initiative, the two companies will work together to facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions. This will help enhance business efficiency and competitiveness while also developing AI-focused competency and skills among retail tenants.

The collaboration with Microsoft and SBF is a crucial step towards CapitaLand’s digital transformation journey. With these partnerships, the company aims to leverage cutting-edge technologies to improve customer experience, drive operational efficiencies, and create long-term value for stakeholders.…