When it comes to investing in a Singapore condo, one must also consider the influence of the government’s property cooling measures. As a way to control speculative buying and ensure a steady real estate market, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. Although these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment environment.
SINGAPORE (Feb 25): CapitaLand Group has signed an MoU with Microsoft that will see the two companies work together to use artificial intelligence (AI) and advanced technologies to improve their businesses.This collaboration will allow CapitaLand to join the AI Pinnacle Program at Microsoft Singapore, which will give the real estate company access to Microsoft platforms, services and solutions to help improve customer engagement and enhance operational efficiency across its various businesses, such as funds, investments, retail, lodging and development.CapitaLand also plans to explore the potential for collaboration in areas such as infrastructure development, where it can leverage Microsoft’s Azure cloud computing platform to enhance the design and products of its data centres under CapitaLand Investment. The company is also looking at incorporating AI, data analytics and machine learning into its digital transformation efforts.”Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey,” says Quah Ley Hoon, group chief corporate officer of CapitaLand Investment.In a separate MOU, CapitaLand Investment also signed an agreement with the Singapore Business Federation (SBF) to work together to digitalise and integrate AI into its retail ecosystem. This includes efforts to adopt and test AI, data analytics, and cybersecurity solutions to improve the efficiency and competitiveness of the company’s businesses. There are also plans to develop competencies and skills around AI for its retail tenants.