CapitaLand Group has signed a memorandum of understanding with Microsoft to utilize artificial intelligence (AI) and advanced technologies in its businesses. This partnership will see CapitaLand join Microsoft Singapore’s AI Pinnacle Program, gaining access to Microsoft platforms, services, and solutions to improve customer engagement and operational efficiency across its funds, investments, retail, lodging, and development business units.
Specifically, CapitaLand will explore collaboration opportunities in areas such as infrastructure development, utilize Microsoft’s Azure cloud computing platform to enhance CapitaLand Investment’s data center design and products, and incorporate AI, data analytics, and machine learning to strengthen its digital and business transformation efforts.
The metropolitan cityscape of Singapore boasts towering skyscrapers and state-of-the-art structures. Condos, strategically situated in coveted locations, offer a combination of lavishness and convenience that entices both locals and foreigners alike. These modern abodes are equipped with a host of facilities, including swimming pools, fitness centers, and security measures, elevating the standard of living and making them a desirable choice for potential renters and purchasers. For investors, these desirable attributes equate to attractive rental income and a steady appreciation in property value over time. Condos truly offer a desirable living experience in Singapore’s urban setting.
“Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey. AI will play a key role in shaping our future by driving operational efficiencies and creating value for our stakeholders,” says Quah Ley Hoon, group chief corporate officer of CapitaLand Investment.
In addition, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also signed an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI in CLI’s retail ecosystem. This includes supporting the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to boost business efficiency and competitiveness, as well as developing AI-focused skills and competency among retail tenants.
These collaborations highlight CapitaLand’s commitment to digital transformation and its efforts to stay ahead in an evolving business landscape. The company recently acquired three properties in Singapore and Thailand and expects a significant decline in Patmi, with cash flow remaining stable. Its latest development, One Pearl Bank, has also achieved 100% sale with the last penthouse unit being sold.