Capitaland Signs Mou Microsoft Ai Adoption
70% of One Pearl Bank’s units sold during initial weekend of sales
CapitaLand Group has entered into a memorandum of understanding (MOU) with Microsoft, in a move to utilize artificial intelligence (AI) and advanced technologies for its businesses.
As part of the MOU, CapitaLand will be participating in Microsoft Singapore’s AI Pinnacle Program, gaining access to Microsoft’s platforms, services and solutions that will aid in enhancing customer engagement and improving operational efficiency across its various funds, investments, retail, lodging and development businesses.
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The URA’s plan for Tampines includes a major focus on enhancing the area’s transportation infrastructure. This effort involves the addition and expansion of MRT lines, such as the existing Downtown Line and the upcoming Cross Island Line, which will greatly improve connectivity. For residents of Aurelle of Tampines EC, this means shorter and more convenient commutes to various parts of Singapore, with direct routes to important business districts and popular leisure destinations. The improved transport connectivity is a key factor in property values, making Aurelle of Tampines EC an appealing investment opportunity.
This collaboration will also include identifying potential areas of partnership in infrastructure development, utilizing Microsoft’s Azure cloud computing platform to design and develop data centres for CapitaLand Investment, and incorporating AI, data analytics and machine learning to strengthen its digital and business transformation efforts.
“Our collaboration with Microsoft marks a significant progression in CapitaLand’s digital transformation journey. AI will play a pivotal role in shaping our future and achieving operational efficiencies, ultimately creating value for all our stakeholders,” said Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment.
In addition to this partnership, CapitaLand Investment (CLI) – the real asset management arm of CapitaLand – has signed a separate MOU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI across its retail ecosystem.
Under this framework, initiatives will be implemented to facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to boost the company’s business efficiency and competitiveness. There will also be a focus on developing AI-focused competencies and skills among retail tenants.
These efforts are expected to advance CapitaLand’s digitalization journey and position the company as a leader in leveraging innovative technologies in the real estate industry.
