Singapore – The Singapore Land Authority (SLA) signed a Memorandum of Understanding (MOU) with the Real Estate Developers’ Association of Singapore (REDAS) on 1 June 2022 at Geo Connect Asia 2022 event held at Marina Bay Sands from June 1-2 2022.
The MOU aims to promote the adoption of geospatial technology and drive geospatial innovation in Singapore. Minister Edwin Tong SC, Minister for Culture, Community and Youth and Second Minister for Law witnessed the MOU signing ceremony.
Under the MOU, SLA and REDAS will jointly promote awareness of geospatial technologies and organise joint events as well as capability development programmes that can address the challenges faced by the real estate and related industries.
SLA would also explore working with developers to place 3D models of their newly launched projects on OneMap to showcase the views at different building vantage points to consumers.
President of REDAS, Mr Chia Ngiang Hong said: “We are truly excited to collaborate with SLA. Having SLA share its expertise on geospatial data, services and technology will certainly help advance our members’ and the industry’s current push towards the digitalisation of real estate development. We also look forward to working with SLA to tap on its extensive networks to upskill our members’ and the industry’s geospatial knowledge and competencies to help improve productivity, resilience and sustainability for real estate and related businesses.”
SLA Chief Executive Colin Low commented: “Geospatial technology supports many cutting-edge technologies across a wide spectrum of industries. We’ve seen it applied as a catalyst to spark improvement to business operations and their service delivery in many sectors, from optimising routes for delivery of food and parcels, to enhancing the provision of emergency services and even addressing global issues such as climate change. Similarly, through this MOU, we look forward to working with REDAS to pool together our collective expertise and unlock the potential of geospatial technology in the real estate sector.”
The MOU marks the first of industry specific engagements that are aimed at showcasing and discussing how geospatial data and technology can address the challenges in the complex and resource intensive real estate development industry across the full cycle of pre-development, development, and post development stages.