Sino Group pushes for innovative ideas in building management to fight Covid-19, support well-being in Greater Bay Area
- The coronavirus has quickened real estate owners’ adoption of proptech as demand for health safety grows
- Sino Group to partner Ping An Tech in programme to spur ideas from start-ups
“Occupants are less focused on only knowing how much energy you can save, but increasingly they want to know if the building in which they work or live is safe, and enhances their overall well-being,” he said in an interview.
The threat of Covid-19 infections provides the backdrop to Sino Group’s annual edition of “PropXtech” next quarter, its programme designed to spur new technology and ideas in building management. More than 300 start-ups participated in the event last year, where 12 finalists were selected.
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China’s hi-tech industries capitalise on Covid-19 pandemic health care needs
The five-month programme, in collaboration with Ping An Technology, will kick off with about eight companies. They will test-drive innovations, develop pilot concepts and fine-tune solutions for applications in the Greater Bay Area, a cluster of nine cities in southern Guangdong province plus Hong Kong and Macau.
Sino Group controls Sino Land, Tsim Sha Tsui Properties and Sino Hotels, with a combined market capitalisation of about HK$118 billion (US$15.3 billion). The group, founded by the Ng family of Singapore, has developed more than 220 projects covering about 85 million square feet.