rate in 1 day – CapitaLand
CapitaLand Group has recently joined forces with Microsoft to incorporate artificial intelligence (AI) and advanced technologies into its operations. Through this partnership, CapitaLand will be participating in Microsoft Singapore’s AI Pinnacle Program, which will provide access to Microsoft platforms, services, and solutions. This will enable CapitaLand to enhance customer engagement and improve operational efficiency across its funds, investments, retail, lodging, and development businesses.
Under this collaboration, CapitaLand and Microsoft will identify potential areas of collaboration in infrastructure development, utilizing Microsoft’s Azure cloud computing platform to design and develop data centers for CapitaLand Investment. They will also integrate AI, data analytics, and machine learning to further strengthen CapitaLand’s digital transformation efforts.
“Our collaboration with Microsoft is an important milestone in our digital transformation journey. AI will play a crucial role in shaping our future by driving operational efficiencies and creating value for all our stakeholders,” says Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment.
Aside from this, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also signed a memorandum of understanding (MoU) with the Singapore Business Federation (SBF) to establish a framework for digitalization and AI integration across CLI’s retail ecosystem. This includes initiatives such as implementing and testing AI, data analytics, and cybersecurity solutions to boost business efficiency and competitiveness. CapitaLand will also focus on developing AI-related competencies and skills among its retail tenants.
These collaborations reflect CapitaLand’s commitment to drive digital transformation and innovation across its businesses. With the use of AI and advanced technologies, CapitaLand aims to enhance its operations, create value for stakeholders, and stay ahead in the fast-paced real estate industry.
In other news, CapitaLand Investment has recently acquired three properties in Singapore and Thailand, further expanding its portfolio. The company expects to see a significant decrease in its net profit and cash flow this year, but it remains confident that its cash flow will remain stable. The last penthouse at One Pearl Bank has also been sold, and the development has achieved a 100% sales rate in just one day, a testament to CapitaLand’s strong presence in the market.