Investing in construction technology can help developers and construction companies tackle labour shortages, material costs and regulatory changes.
HLA And CDL
Invest In
Green Building
Technology
To Ease
Construction
Labour Pressures
Concerns over labour, decarbonisation and safety are among the key issues facing the construction industry.
Hong Leong Asia (HLA) has joined forces with construction technology company, Hubble Aura IoT that provides real-time tracking of worker locations, including specific floor positions, to optimise workforce management and achieve cost savings.
Hubble Aura IoT uses a combination of Bluetooth and Wifi that allows HLA to track each worker at any moment, which is crucial for maintaining efficiency and safety.
Meanwhile, City Developments Limited (CDL) has made strategic investments into startups that focus on energy-saving or green building technology, PropTech and ConTech to drive value chain transformation through digitalisation and innovation.
These include funds run by US proptech VC Fifth Wall and Australia-based real estate VC Taronga Ventures, local paint company Gush – with its paints used at some of our properties and projects, as well as adopted tech from our portfolio company Ampd Energy, which replaces diesel generators at building sites with batteries. We have deployed the technology in six project sites, which has helped achieve a reduction in carbon dioxide emissions by 1,700 tonnes.
“Such investments create long-term value for CDL, by fostering the development of technologies that align with the evolving needs of the real estate industry, and are integral to our commitment to sustainability, customer satisfaction, operational excellence, and staying competitive in a rapidly changing industry,” said Mr Ke-Vin Lim, CDL’s Head of Group Innovation.