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Hong Kong property
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Hong Kong developers quicken adoption of proptech as opportunities arise across sector

  • PropTech Alliance of Hong Kong formed in late 2019 with four members has now grown to 16
  • Companies and consumers that have adopted proptech are already reaping the benefits

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Proptech applications are making lives easier for companies and consumers in Hong Kong. Photo: EPA-EFE
Lam Ka-sing
Hong Kong developers are increasingly paying attention to proptech, as the adoption of new technology to enhance customer experience, reduce pollution, save energy and boost safety takes off in the industry.

As the city’s developers move towards this goal, they got together under an initiative called PropTech Alliance of Hong Kong in late 2019 to share information, global trends and experience regarding propetch with industry members. What started off with four members has now grown to 16 and counts Great Eagle Holdings, Hongkong Land and Nan Fung Development among them.

“All the property developers in Hong Kong, most of them anyway … really have been setting up similar [innovation] teams,” said Andrew Young Meng-cheung, associate director of innovation at Sino Group and co-chair of the alliance. “We all have been looking at how innovation and technology can help us to run properties better, build better products, offer better services and provide a better environment.”
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He added that the alliance plans to launch a website in the next few weeks, which would represent the voice of developers in areas of innovation and technology.

Andrew Young, associate director of innovation at Sino Group. Photo: Xiaomei Chen
Andrew Young, associate director of innovation at Sino Group. Photo: Xiaomei Chen

“We will run forums, have guest speakers and panel discussions, best practice sharing sessions and liaise with stakeholders as a group with regards to innovation and technology,” Young said.

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Great Eagle Holdings controls Langham Place in Mong Kok; Hongkong Land is the biggest landlord in Central; while Sino Land controls Olympian City. The trio have a combined market value of about HK$193.62 billion (US$25 billion), according to Refinitiv Eikon data. The privately-run Nan Fung counts The Quayside in Kowloon Bay and the joint-venture luxury residential development Mount Nicholson on The Peak among its properties.

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