rate for apartment unitsCapitaLand acquires prime site in Ho Chi Minh City, to build residential and commercial properties
CapitaLand Group has recently signed a memorandum of understanding (MOU) with technology giant Microsoft in order to utilize advanced technologies and artificial intelligence (AI) in its operations.
As part of the agreement, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, which provides access to various Microsoft solutions and services. This will allow CapitaLand to enhance customer engagement and improve efficiency in its various businesses, including funds, investments, retail, lodging, and development.
The partnership will also explore potential collaboration opportunities in infrastructure development, such as utilizing Microsoft’s cloud computing platform Azure for CapitaLand Investment’s data center design and products. Additionally, the integration of AI, data analytics, and machine learning will be utilized to further CapitaLand’s digital and business transformation efforts.
Quah Ley Hoon, the group chief corporate officer of CapitaLand Investment, stated, “Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey. AI will be pivotal in how we shape our future with operational efficiencies and create value for our stakeholders.”
Furthermore, CapitaLand Investment (CLI) has also signed an MOU with Singapore Business Federation (SBF) to establish a framework for integrating AI and digitalization in CLI’s retail ecosystem. This includes promoting the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness. The partnership will also focus on developing AI skills and competencies among retail tenants.
According to the article, CapitaLand Investment has recently acquired three properties in Singapore and Thailand and expects to announce a significant decline in Patmi. However, the company’s cash flow is expected to remain stable. In other news, the group has sold the last penthouse unit in One Pearl Bank and achieved a 100% sale rate for all apartment units. Additionally, CapitaLand Group has acquired a prime site in Ho Chi Minh City and plans to develop residential and commercial properties.