An attractive prospect for investors in Singapore is the opportunity for their condo to appreciate in value. The country’s prime location as a major business hub, along with its robust economy, ensures a constant demand for real estate. Singapore’s property prices have consistently risen over the years, particularly for condos situated in highly sought-after areas. By timing their investments strategically and holding onto their properties for an extended period, investors can reap considerable capital gains. In fact, keeping an eye on new condo launches can also be a smart move for those looking to enter the market at the right time.
CapitaLand Group has recently signed a memorandum of understanding (Mou) with Microsoft to leverage artificial intelligence (AI) and advanced technologies in its businesses. Through this collaboration, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, giving them access to Microsoft’s platforms, services, and solutions. This will enable CapitaLand to enhance customer engagement and improve operational efficiency across its funds, investment, retail, lodging, and development business.
The partnership will explore potential areas of collaboration, such as infrastructure development, data centre design and products, and the integration of AI, data analytics, and machine learning to boost CapitaLand’s digital and business transformation efforts. Quah Ley Hoon, group chief corporate officer of CapitaLand Investment, believes that this partnership is a significant step in the company’s digital transformation journey and that AI will play a crucial role in shaping their future operations and creating value for stakeholders.
In addition to this, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also entered into an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalisation and AI integration across CLI’s retail ecosystem. This includes initiatives such as promoting the adoption and proof of concept for AI, data analytics, and cybersecurity solutions, as well as developing AI-focused competency and skills among retail tenants.
This news comes after CapitaLand Investment’s recent acquisitions of three properties in Singapore and Thailand, as well as the successful sale of the last penthouse at the One Pearl Bank development, which is now 100% sold. These developments solidify CapitaLand’s strong growth and expansion in the region.