CapitaLand inks S$10m tie-up with EDB to upskill staff, test new technologies

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nancy Business, Property News

The famous and credible property developer of Singapore, the  Capitaland is determined to escalate its innovation goal given an allocation of S$10 million programmes both in technology and training in collaboration with the  Singapore Economic  Development Board (EDB).

Designated CapitaLand ELEVATE, the said programme concentrates on updating the company’s personnel particularly in areas like the digital marketing, data analytics and digital product regulation. It will scrutinize the recent technologies that will help produce people-centric products, experiences, and services.

The programme was commenced on December 7, Thursday by Mr S. Iswaran, the Minister for Trade and Industry and the  CapitaLand’s president & group CEO, Mr. Lim Ming Yan, at Funan Showsuite.

Apart from the building, it showcases also its internal capacities. CapitaLand told its company’s business arm, the C31 Ventures (C31V) has subsidized in startups around S$10 million. It’s portfolio associates are the omni-channel retail enabler Ace Turtle, Mobikon’s customer insights platform, the Great Room’s homegrown co-working and Chope’s virtual table reservation company.

CapitaLand properties piloted the Eighteen proptech initiatives when the C31V was build up 2016 of July.

The company explained that C31V was chosen as SGInnovate’s co-investment partners covered by the Startup SG Equity scheme. SGInnovate regulates some part of the funds through the scheme, which includes categorizing and co-investing in broad tech start-ups concentrating on advancements such as Artificial Intelligence (AI), blockchain and cybersecurity.

Lim Ming Yan, the CapitaLand president, and group CEO emphasized, “C31V’s investments have given us sharp insights over a troublesome business and gave us the chance to solve it immediately. We collaborated with our portfolio associates to dry run the technologies and business models among our properties to best engage tenants and clients thus increase production and scale up the fastest.”

CapitaLand is considered as one of giant’s of Asia’s real estate companies. It has an asset of S$85 billion as of September 30, 2017. It comprises integrated developments, homes, serviced residences, shopping malls, and homes, real estate investment trusts (REITs) and funds. CapitaLand is in 150 cities of 30 countries. The company concentrates on both Singapore and China as heart markets soaring high, as far as Indonesia and Vietnam. CapitaLand’s advantage over other giant companies is that it anchors to its secured significant assets and tremendous, intensified market network. Match with extensive design, operational and development attributes, the Group manages and regulates an above excellence quality products and services. Also, it has the huge investment management businesses in the entire Asia.

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