For those interested in investing in Singapore’s thriving real estate market, it is crucial to understand the regulations and limitations surrounding property ownership for foreigners. While purchasing condominiums is relatively straightforward, owning landed properties is subject to stricter guidelines. It should also be noted that foreign buyers must pay the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property purchase. Despite this added expense, the stability and potential for growth in the Singapore real estate industry continue to attract foreign investors. Stay informed about the latest opportunities by keeping a look out for upcoming new condo launches at New Condo Launches.
rateNow, CapitaLand Group has teamed up with tech giant Microsoft for a partnership that will see them utilizing cutting-edge artificial intelligence (AI) and advanced technologies in their business operations. The agreement, in the form of a memorandum of understanding (MoU), will allow CapitaLand to join Microsoft Singapore’s AI Pinnacle Program, granting them access to Microsoft’s platforms, services, and solutions.This collaboration between CapitaLand and Microsoft will focus on enhancing customer engagement and streamlining operational processes across CapitaLand’s various businesses, including its funds, investments, retail, lodging, and development sectors. As part of this, the two companies will explore potential opportunities for collaboration, such as leveraging Microsoft’s Azure cloud computing platform to develop data center designs and products for CapitaLand Investment, as well as incorporating AI, data analytics, and machine learning to further CapitaLand’s digital and business transformation efforts.ADVERTISEMENTCapitaLand Investment’s Group Chief Corporate Officer, Quah Ley Hoon, highlights the importance of this partnership to CapitaLand’s digital transformation journey, stressing how AI will play a crucial role in shaping the company’s future by optimizing operational efficiency and delivering value to stakeholders. In addition to this collaboration, CapitaLand Investment has also signed an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and AI integration across its retail ecosystem, furthering their efforts to stay at the forefront of innovation in the industry.As part of this MoU, CapitaLand Investment and SBF will work together to encourage the adoption and proof of concept for AI, data analytics, and cybersecurity solutions within CapitaLand’s retail ecosystem. They will also focus on developing AI-focused competencies and skills among retail tenants to increase their business efficiency and competitiveness. These initiatives reflect CapitaLand’s commitment to creating a truly digitalized and innovative company, continually seeking ways to improve their operations and deliver value to their stakeholders.