Organised by Sino Group and Hongkong Land, PropXTech is a proptech acceleration programme that brings start-ups and established companies from around the world together to advance technological applications for the long-term and sustainable development of the real estate industry. The latest edition attracted more than 3,000 applications from 70 countries and territories, with ten finalists invited to present their solutions and business plans to industry professionals and investors on Showcase Day.
Participants needed to develop solutions that prioritise sustainability and digitalisation in property development and management in five categories, namely Green Tech; Smart Building; Smart City; Smart Construction; and Customer Engagement.
Showcase Day saw the ten finalists, including six from Hong Kong and one each from Germany, Israel, The Netherlands and Singapore, present to more than 100 industry professionals, including all 16 members of the Hong Kong PropTech Alliance, which is presided over by Sino Group and Hongkong Land. The innovations span a wide range of ideas, such as AI-powered recycling bins to automate waste sorting; noise reduction technology; self-healing concrete; an AI-based, chemical-free maintenance and cleaning system; the replacement of concrete by plastic waste; a mobile AR app to simplify facilities management; and preventive maintenance solutions to optimise heating, ventilation and air conditioning.
‘Hong Kong is in a unique position with advantages that are conducive to pooling I&T talents and enterprises from around the globe,’ said Ir Andrew Young, Consultant (Innovation) of Sino Group. ‘Sino Group fully supports the development of the I&T ecosystem in Hong Kong and is committed to nurturing innovation and technology talents to support Hong Kong’s development into an international innovation and technology hub. The finalists show promising potential, and we look forward to creating positive impact together.’
