markCapitaland Group has signed a deal with Microsoft to utilize artificial intelligence (AI) and advanced technologies in their operations. As part of this collaboration, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, giving them access to Microsoft platforms, services, and solutions to enhance customer engagement and improve operational efficiency across their various businesses. This partnership will also explore potential opportunities for collaboration in infrastructure development, data center design, and digital and business transformation efforts using Microsoft’s Azure cloud computing platform. Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, believes this collaboration with Microsoft is a significant step in their digital transformation journey and will play a vital role in shaping their future with operational efficiencies and creating value for all stakeholders.
In addition to the partnership with Microsoft, CapitaLand Investment (CLI) has also entered into 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 initiatives such as adopting and testing AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness, as well as developing AI-focused skills and competency among retail tenants.
This collaboration between CapitaLand and Microsoft, as well as the partnership with SBF, showcases CapitaLand’s commitment to leveraging AI and advanced technologies in their businesses to drive innovation and enhance the overall customer experience. With these initiatives, CapitaLand is poised to stay at the forefront of the industry in the digital era.
When it comes to investing in Singapore, foreign investors must have a thorough understanding of the various regulations and restrictions concerning property ownership. Unlike landed properties, purchasing condos is relatively unrestricted for foreigners. However, they are still subject to the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their first property purchase. Despite this extra cost, the Singapore real estate market’s stability and potential for growth remains a major draw for foreign investment. In fact, many foreign investors are drawn to various Singapore Projects due to their promising prospects.