Sino Group, Hongkong Land push to make city a hub for property-tech development in Asia, nurturing innovative start-ups
- Hong Kong’s spot within the Greater Bay Area can attract start-ups and give the city a leg up on competitors like Singapore, Sino Group executive says
- City has a role to play nurturing everything from useful apps for tenants to cleaning robots that can climb treacherous façades
With its connections to the Greater Bay Area, Hong Kong is well positioned to be the Asia-Pacific hub for the development of property technology, playing a key role in cultivating an ecosystem of innovative start-ups, according to one of Hong Kong’s biggest developers.
Proptech spans a wide range of technologies that aim to optimise how people research, rent, buy, sell and manage properties. It includes property-listing websites but also extends to apps for building occupants – to adjust office temperatures or check the length of taxi queues before leaving home – and even cleaning robots that climb building façades.
“Hong Kong can lead the Asian region in usage of proptech and also nurturing proptech start-ups, which is why we are looking globally in this field to make Hong Kong a hub in Asia,” Andrew Young, associate director of innovation at Sino Group, told the Post.
As a regional leader in property management, Hong Kong has sophisticated developers that can help the development of proptech innovations by sharing their experiences with such technologies, Young added.
“It is all about enhancing the experience of the customers when they buy or rent Sino’s home or use Sino’s mall,” he said. “Recently many of our customers are concerned about cleanliness, safety and healthiness.”