Trinity Group announced the launch of its Gold Assurance Programme, becoming Malaysia’s first property developer to offer unmatched assurance in the local real estate market. The Gold Assurance Programme introduces several key features that exceed industry norms, providing significant benefits to homebuyers and investors, all subject to specific terms and conditions:
36-Months Defects Liability Period (DLP): Extending beyond the industry standard of 24 months, this longer period ensures that any defects or other faults due to the defective workmanship or material within the parcel are thoroughly addressed, offering buyers peace of mind and reducing potential repair costs.
10-Years Warranty for Roof Leaks: Surpassing the typical 2-year coverage, this warranty protects buyers from costly repairs and potential water damage, which can significantly impact property value.
5-Years Warranty for Tiles Pop-Up: Going beyond the standard 2-year warranty, this feature ensures that issues like tile popping are addressed, maintaining the property’s appeal and functionality.
“Our Gold Assurance Programme is a testament to our 20 years of experience in building high-rise developments. With deep expertise and stringent quality control measures, including a 10-point checklist and a double roof system, we are committed to providing buyers with unparalleled peace of mind and long-term value,” stated Dato’ Neoh Soo Keat, Founder and Managing Director of Trinity Group.
“These enhancements reflect our dedication to quality and innovation, ensuring that our developments stand the test of time and offer a secure investment for both homebuyers and investors.”
Enhancing Flagship Projects
Two of Trinity Group’s flagship developments will benefit from the programme:
Trinity Rainfora: A Transit-Oriented Development (TOD) just 400m away from the Kinrara BK5 LRT station in Bandar Kinrara, Klang Valley, seamlessly combines urban convenience with nature. With over 40% of its podium dedicated to verdant spaces and 53 percent of the sky terrace offering breathtaking vistas, Trinity Rainfora sets a new standard for sustainable urban living. Its eco-friendly features, such as rooftop edible gardens and in-unit food waste disposers, underscore Trinity Group’s commitment to environmental stewardship. The Gold Assurance Programme further enhances this development by providing buyers with peace of mind and long-term value, with units starting at RM530,000.
Trinity Sensoria: Located in Ampang, this development offers a unique blend of urban amenities and natural surroundings. Designed for holistic living, it includes a spa villa, meditation deck, and wellness lawn. With the Gold Assurance Programme, buyers can be assured of the quality and longevity of their investment, with units starting at RM608,000.
“Both of our flagship projects benefitting from the Gold Assurance Programme are creatively themed and conceptualised with unique selling points, offering buyers something exciting,” added Dato’ Neoh.
“These developments are more than just homes; they are vibrant communities that enrich the lives of our residents. With the Gold Assurance Programme, Trinity Group provides an additional layer of security and confidence for all stakeholders involved, from young buyers to seasoned investors.”
Building Excellence, Creating Legacies
Trinity Group’s recent brand refresh marks a transformative chapter in its evolution from a boutique developer to a visionary force in Malaysian real estate. The Group’s new visual identity, featuring a unique emblem crafted from the letters “T” and “G,” symbolises its dedication to excellence and commitment to the Gold Assurance Programme. This integration ensures that the brand’s promise of “Building Excellence. Creating Legacies” is not just a tagline but a lived reality for every homeowner and investor.
“Our brand revitalisation, combined with the Gold Assurance Programme, is not merely about aesthetics; it’s a reflection of our evolved capabilities and vision for the future of urban living in Malaysia,” explained Dato’ Neoh.
“We invite homeowners and investors to join us on this transformative journey as we redefine urban living by offering innovative and sustainable living solutions backed by our assurance programme.”
Novotel, a global brand within the Accor portfolio, recently announced the opening of Novotel Nara. Situated along the Saho River, known for its stunning cherry blossom trees, the hotel is strategically located an eight-minute walk from Shin-Omiya Station and a five-minute cab ride from Nara Station, offering a tranquil base for exploring Nara’s rich cultural heritage.
With 264 guest rooms, including executive suites, Novotel Nara presents a unique blend of European modernity and traditional Japanese aesthetics, providing a welcoming retreat for both business and leisure travellers. The hotel is designed to offer guests a serene environment to rejuvenate and connect with Nara’s rich cultural and historical legacy.
Novotel Nara is more than just a place to stay; it serves as a bridge between tourists and the local community, promoting the hidden charms of Nara. Guests can easily access the city’s UNESCO World Heritage sites, such as Todai-ji Temple and Kasuga Taisha Shrine, while also enjoying the tranquillity away from the city’s hustle and bustle. The hotel’s prime location allows for an immersive experience of Nara’s history and culture, making it an ideal location for those seeking both relaxation and exploration.
The property offers a variety of dining options, including Trattoria Ponte Nara, an all-day dining restaurant embracing the “slow food” philosophy. Here, guests can savour authentic Italian cuisine crafted with locally sourced ingredients from Nara, while enjoying the open-air setting with a beautiful view of cherry blossoms in full bloom during spring. Committed to sustainability, the restaurant features organic and locally sourced dishes, including pizzas made with spelt flour produced by the Katsuragi Shuroku Council in Katsuragi City, Nara Prefecture.
The Social Lounge is a versatile space that welcomes both guests and locals, offering an exclusive setting for teatime with family and friends. This cosy area provides a welcoming atmosphere for relaxation and socialising, allowing visitors to experience the warmth of Nara’s local culture. The lounge is the perfect spot to enjoy a leisurely break, enriched by a selection of teas and light snacks.
On the eighth floor, the Rooftop Terrace invites guests to unwind while taking in breathtaking views of the cherry blossoms along the Saho River in spring or the spectacular Wakakusa Yamayaki fire in the winter. This terrace offers a variety of seasonal activities that can be enjoyed with a beverage, creating a unique setting for memorable evenings.
Equipped with modern conference facilities and two banquet rooms, Novotel Nara is poised to become a premier venue for meetings and events in the region. The hotel’s flexible spaces can accommodate various functions, from corporate meetings to social gatherings, supported by state-of-the-art technology and a dedicated team of event professionals.
Novotel Nara emphasises wellness with a range of facilities, including a fully equipped fitness centre, a large public bath designed to soothe both body and soul, and a wellness lounge featuring a children’s area for families to relax and enjoy quality time. The hotel’s welcoming area, adorned with a Japanese garden and Nara’s traditional crafts, enhances the serene atmosphere, providing a holistic wellness experience for all guests.
Aligned with the brand’s commitment to sustainable development, Novotel Nara is proud to be part of the Novotel Oceans Initiative, a partnership with the World Wide Fund for Nature (WWF) aimed at protecting and restoring the planet’s oceans. Through a comprehensive three-year Positive Impact Plan, Novotel is dedicated to reducing plastic and carbon footprints, promoting sustainable food choices, and enhancing ocean conservation awareness among guests, hotel teams, and the local community. This initiative not only integrates eco-friendly systems and the use of locally sourced, organic ingredients in its dining outlets but also actively supports local conservation efforts. By fostering a deeper connection between guests and the environment, Novotel Nara exemplifies the brand’s commitment to making a positive impact on both people and the planet.
“We are excited to welcome guests to Novotel Nara, where they can experience both the serenity of Nara and the modern comfort that Novotel offers,” said Makoto Kaita, General Manager of Novotel Nara. “Our commitment to sustainability, local engagement, and exceptional service will ensure a memorable stay for all visitors, whether they are here for business or leisure.”
As a champion of balanced living, Novotel is committed to blending business efficiency with family-friendly experiences. Whether it is a flexible workspace or a relaxed restaurant for a family gathering, every aspect of Novotel is crafted to ensure a harmonious experience that leaves guests feeling both refreshed and invigorated. With a global presence of over 590 hotels in 65 countries and an additional 160+ properties in the pipeline, Novotel continues to be a trusted destination for family-focused professionals seeking balance in their lives.
Garth Simmons, Chief Operating Officer of Accor’s Premium, Midscale, and Economy Division in Asia, expressed his enthusiasm for the new opening: “The opening of Novotel Nara marks a significant milestone for Accor as we continue to expand our footprint in Japan, a country with a rich heritage and a growing demand for quality accommodations. Nara, with its historical significance and cultural depth, is an ideal location for Novotel to provide an experience that combines modern comfort with a deep respect for local traditions. This opening underscores our commitment to contributing to the growth of Japan’s tourism sector and offering memorable stays to travellers from around the world.”
Global planning, design, project and construction management firm, Meinhardt Group, is celebrating the 50th anniversary of its headquarters, Meinhardt Singapore.
“This is a significant milestone marking half a century of Meinhardt’s engineering achievements and dedication to shaping the future of cities. As we celebrate this occasion, we reflect on our rich history, the legacy we have built, and the transformative impact we have had on Singapore’s skyline and beyond. As one of the world’s leading multi-disciplinary planning, design, project and construction management consulting firms, Meinhardt has established a strong global presence and continues to lead the way in delivering innovative and sustainable solutions,” said Dr S. Nasim, Executive Chairman, Meinhardt Group.
Founded in 1955 and establishing its Singapore presence in 1974, Meinhardt Group has grown from a 10-staff offshore office to a global powerhouse with over 6,000 employees across 61 offices worldwide. Valued at an estimated US$30 billion annually, its projects span the globe, demonstrating its ability to manage some of the world’s largest and most complex building and infrastructure projects. Today, it is one of the most awarded engineering consultancy firms in Singapore and the largest privately-held design and engineering firm in Asia.
“As we celebrate our Golden Jubilee, we recognise the immense contribution of our dedicated staff, valued clients and partners who have been instrumental in our success. This anniversary is more than just a celebration of time. It signifies our commitment to technological advancement, innovation, sustainability, and industry-leading urban development and professional consultancy services. The event will not only highlight our past successes but also underscore our future aspirations as we continue to shape the cities of tomorrow,” said Dr Nasim.
“We have been privileged to play a significant role in shaping Singapore’s built environment and are excited to continue this journey as we expand our global presence and embrace new opportunities in digitalisation and sustainability,” he added.
A Legacy of Innovation and Excellence
Over the past decades, Meinhardt Group has played an integral role in shaping the skyline, infrastructure and future of the nation. The firm’s contributions are etched into the very fabric of the city, seen in the iconic landmarks that define modern Singapore – Guoco Tower; Marina Bay Financial Centre; Resorts World Sentosa; One Raffles Quay; The Sail@Marina Bay; Asia Square; the intricate networks of MRT lines, the revitalised Terminal 1 at Changi Airport, and the magnificent Gardens by the Bay Conservatory, to name a few examples.
Meinhardt is also proud to have contributed to many of Singapore’s “firsts”:
Meinhardt was the QP supervision consultant for The Marina Coastal Expressway, Singapore’s first undersea traffic tunnel.
Marina Bay Financial Centre was recognised globally for its enduring significance with the 2023 Council on Tall Buildings and Urban Habitat (CTBUH) Awards’ 10 Year Award.
The engineering solutions provided for 8 Shenton Way, Singapore’s tallest skyscraper with Green Mark Platinum certification, was the winner of the 2023 CTBUH Awards’ Future Project Award.
Gardens by the Bay won the 8th Best Attraction in the world by Traveler’s Choice Awards in 2024. Meinhardt provided civil, structural and geotechnical design services for the Flower Dome and Cloud Forest, ancillary facilities and 18 Supertrees. It also provided the civil infrastructure works for the entire development.
Meinhardt has also contributed significantly to the social infrastructure in Singapore. Sengkang Hospital is an example of their contribution to healthcare infrastructure. As a recipient of the 2023 MOH Holdings Distinguished Award, this hospital is more than just a medical facility; It is a vital foundation of community health.
Public housing is another area where Meinhardt has made a difference. Meinhardt provided engineering design services for SkyVille @ Dawson HDB residences which raised standards and transformed public housing in Singapore.
NS Square in Singapore exemplifies national pride and sustainability. Recognised with the esteemed BCA Green Mark Platinum for Super Low Energy, Meinhardt has utilised innovative space planning, integrated a district cooling system, and incorporated solar-powered, eco-friendly green roofs. This transformation makes NS Square more than just a public space; it stands as a symbol of environmental responsibility.
Meinhardt is also the recipient of multiple awards and accolades, both locally and internationally. In 2014, Meinhardt was conferred, amongst others, the International Headquarters (IHQ) Award from the Economic Development Board (EDB). Last year, Meinhardt’s Civil and Structural (C&S) Engineering team clinched several industry awards for healthcare projects including the 2023 MOH Holdings Distinguished Award for the National Centre for Infectious Diseases & Centre of Healthcare Innovation, as well as Sengkang General and Community Hospitals.
The C&S team was also part of the collective that won the President’s Design Award Singapore 2023 for CapitaSpring. For the same project, it received the Association of Consulting Engineers Singapore Design Excellence Award in 2022; The Institution of Structural Engineers Singapore Structural Award (High-rise/Slender Structures) in 2022; the Singapore Structural Steel Society Structural Steel Excellence Award in 2023, and the Best Tall Building, Asia award, and the Best Tall Building 200-299m award under the 2023 CTBUH Awards.
This year, the C&S team has added three notable BCA awards to its list of accolades:
BCA Design and Engineering Safety Award 2024 for the JTC Logistics Hub @ Gul
BCA Project of the Year Award 2024 (Industrial) for the JTC Logistics Hub @ Gul
BCA Project of the Year Award 2024 (Residential) for The Woodleigh Residences and The Woodleigh Mall
The Mechanical & Engineering (M&E) team of Meinhardt Singapore was conferred the 2024 ACES Design Excellence Awards (Merit) for its work on “The GEAR”, a state of-the-art regional HQ and the first Research and Development Hub of Kajima Development outside of Japan.
Building the Digital Future with IMDA’s Digital Leaders Programme
Looking ahead, Meinhardt is committed to driving digital transformation in the Built Environment sector. Meinhardt’s partnership with Singapore’s Infocomm Media Development Authority (IMDA), through the Digital Leaders Programme (DLP), is a cornerstone of this journey. The DLP empowers companies like Meinhardt in building robust digital capabilities to seize new business opportunities.
Through the programme, Meinhardt has established a dedicated digital team, including data and software engineers, to drive their digital transformation efforts. This initiative not only helps us stay ahead in the competitive landscape today but also aligns with Singapore’s vision of becoming a Smart Nation.
Meinhardt’s Digital Technology Solutions (DTS) team has committed and embarked on two key projects:
Generative AI Urban Consultancy Augmentation Tool that ingests Meinhardt’s deliverables and intellectual capital to allow for the generation of new reports, knowledge and deliverables geared towards and fine-tuned for urban consultancy. This tool aims to improve the quality of consultancy deliverables while saving time and effort for their consultants.
AI Analytics for Built Environment Tool to ingest, aggregate, consolidate and analyse vast amounts of data generated across the lifespan of a built asset, but mainly focused on asset/facilities management and project management in construction. This tool will allow built asset owners to have greater insight into their buildings and make data-driven decisions.
“Our partnership with IMDA is a testament to our commitment to leveraging technology to drive innovation and efficiency in the Built Environment sector. We are proud to be at the forefront of this digital revolution, developing AI tools and solutions that will redefine how we design and manage our projects. At Meinhardt, innovation is in our DNA. We are continuously exploring new technologies and approaches to enhance our service offerings and deliver sustainable solutions. Our goal is to not only meet the current needs of our clients but to anticipate and address the challenges of the future, ensuring that we remain a trusted partner in shaping the cities of tomorrow,” said Mr Omar Shahzad, CEO of Meinhardt Group.
“We would like to congratulate Meinhardt on marking its 50th year in Singapore. IMDA is excited to partner with forward-looking enterprises like Meinhardt to develop core digital competencies and innovate with emerging technologies such as generative AI. This helps companies gain a leading edge while raising productivity. We welcome more like-minded enterprises to join our Digital Leaders Programme to gain a competitive advantage as IMDA continues to develop Singapore’s digital future,” said Mr Leong Der Yao, Assistant Chief Executive, Sectoral Transformation Group, IMDA.
Pioneering Sustainability in Engineering
Sustainability is at the core of Meinhardt’s mission. As a key contributor to Singapore’s Green Plan 2030, it is committed to achieving carbon neutrality by 2030 and carbon net zero by 2050 or sooner, with a clear roadmap for reducing greenhouse gas emissions and integrating sustainable practices into every project.
As part of its master planning and urban infrastructure planning advisory services, Meinhardt has incorporated the Environmental Sustainability Design (ESD) and Environmental, Social and Governance (ESG) framework. By adopting advanced construction techniques such as Design for Manufacturing and Assembly (DfMA), 3D Printing, and Integrated Digital Delivery (IDD), Meinhardt is not only reducing its carbon footprint but also contributing to the development of green cities around the world.
Their efforts in sustainable engineering have been recognised with multiple Green Mark Awards from the BCA and other international agencies. From their work on Singapore’s first net zero energy building to their involvement in the design of green skyscrapers like 8 Shenton Way, Meinhardt continues to push the boundaries of what is possible in sustainable engineering. Their projects not only meet current environmental standards but also set new benchmarks for sustainability in the built environment.
“Singapore is committed to the global decarbonisation agenda, and our engineers and other stakeholders need to play a key role in achieving these targets we have committed to, and in managing and mitigating the inevitable consequences of climate change by ensuring our designs make optimal use of resources and energy. As we move towards a greener and more sustainable future, the Built Environment sector stands at the forefront of this transformation, and the role of engineers and engineering companies is more critical than ever,” said Dr Nasim.
Meinhardt is dedicated to continuing its legacy of excellence and innovation. Their strategic roadmap focuses on expanding their global footprint, enhancing their digital capabilities, and fostering a culture of excellence. They are committed to investing in people and technology to ensure they remain at the forefront of industry trends and continue to deliver powerful engineering solutions to their clients.
“Our future lies in our ability to adapt and innovate. As we look to the next 50 years, we are committed to driving sustainable development and enhancing our digital capabilities to deliver even more value to our clients and communities worldwide. We believe that our proven expertise in design, engineering, project and construction management, coupled with our laser focus on digital transformation, positions us well to lead the industry into a new era of growth and resilience. We aim to transform cities and shape a better, more sustainable future for all,” said Mr Shahzad.
At BEX Asia 2024, Singapore Polytechnic (SP) solidified its commitment to driving industry transformation by inking agreements with four key industry partners: British Standards Institution, ISS Facility Services, Kajima Development and the Soilbuild Construction Group. These collaborations focused on enhancing productivity, adopting digital technologies, fostering innovations, and promoting sustainability in the built environment (BE) sector. Minister for National Development, Mr Desmond Lee, graced BEX Asia 2024 as the guest of honour.
Solidifying Strategic Partnerships at BEX Asia 2024
The partnership with the British Standards Institution (BSI Singapore) emphasises developing a skilled sustainability workforce leading to Greenhouse Gas (GHG) Practitioner and Professional certifications. Certified practitioners/professionals can help their organisation achieve net zero goals by quantifying, verifying, and validating GHG emissions and reporting in an impartial and evidence-based approach.
The alliance with ISS Facility Services aims to drive innovation, productivity, and digitalisation within the Built Environment-Facilities Management sector. This partnership will support curriculum development, co-organise Learning Journeys focused on Smart FM technologies and sustainability, and provide lecturers and students with industry attachment and internship opportunities.
The collaboration with Kajima Development focuses on driving innovation by co-creating Learning Journeys, supporting SP startups, and leveraging Kajima’s The GEAR Lab as a living laboratory for testing solutions.
The partnership with the Soilbuild Construction Group aims to enhance productivity and digital adoption through joint projects and talent development. This MoU also paves the way for SP students to engage in industry-relevant projects, internships, and potential scholarship programmes, further bridging the gap between academia and industry. These strategic alliances would nurture a future-ready workforce and drive the development of new initiatives to address industry challenges.
Demonstrating Innovation and Leadership in the BE sector
This year marked the third time that SP exhibited at BEX Asia. At this year’s event, SP showcased the ingenuity of its students and staff, presenting innovative solutions to address contemporary challenges in the built environment. Under the theme “Building a Sustainable Future with Innovative Technologies,” SP highlighted its commitment to advancing digitalisation, innovation, and sustainability in the industry and the importance of integrating academic learning with real-world applications.
Highlights of the showcase include:
To enhance construction productivity and accuracy and reduce human error, SP developed a mixed-reality construction workflow as part of the Architecture & the Built Environment School’s (ABE) Automation and Digital Fabrication Corridor. This innovative workflow allows complex design models to be overlaid onto the physical environment, providing fabricators with precise reference lines to assemble elements more efficiently. It also bridges the gap between advanced technology and varying levels of expertise within the industry.
SP’s Data Science & Analytics Centre (DSAC) highlighted an AI-enabled Parts Management for Intelligent Maintenance solution designed to provide prescribed recommendations to optimise inventory levels and streamline reordering processes. This tackles common issues such as overstocking and unexpected parts shortages in warehouses, effectively reducing delays and the reliance on unsustainable reactive maintenance practices.
In collaboration with various organisations, SP’s Advanced Materials Technology Centre (AMTC) featured products poised to advance industry sustainability, buildability, and maintainability, making them ready for widespread industry adoption.
BE Transformation Learning Journey: Driving Innovations to Design, Build and Manage
The event also marked the launch of the Built Environment (BE) Transformation Learning Journey, supported by the Building and Construction Authority (BCA). Located at SP, this learning journey provides SMEs and students insights into this resilient, future-focused industry. The learning journey is also designed to propel the BE industry into the future by raising awareness of the Industry Transformation Map (ITM) and its three key pillars: Integrated Planning and Design, Advanced Manufacturing & Automation, and Sustainable Urban Systems.
The learning journey is structured to achieve two primary objectives:
For SMEs: The learning journey displayed transformative examples within the BE sector, illustrating how companies adapt to new technologies and innovative practices. SMEs can strategically plan their business and workforce transformation, with follow-up support available, including training programmes and funding assistance.
For Youth: The learning journey featured progressive companies within the BE sector, demonstrating that the industry is forward-looking and dynamic. This showcase aimed to inspire current and prospective students by presenting potential career opportunities with leading-edge companies prioritising innovation and sustainability.
This immersive experience offers visitors a deeper understanding of the latest advancements shaping the BE sector and how they can participate in this exciting transformation.
Ms Georgina Phua, Deputy Principal (Development) of Singapore Polytechnic, said, “Singapore Polytechnic is thrilled to be a key player at BEX Asia 2024. This event underscores our steadfast dedication to advancing sustainability, digitalisation and innovation in the Built Environment sector. Partnering with the British Standards Institution, Kajima Development, and the Soilbuild Construction Group, we aim to revolutionise the industry, empowering SMEs and nurturing future talent. Our integrated approach sets new industry benchmarks, solidifying our position as a leader in driving industry transformation and fostering meaningful advancements.”
Riverchain, a Hong Kong-based fintech startup committed to fostering a resilient future in construction through advanced technology, has launched a HK$400 million fund to support the city’s subcontractors and construction suppliers on their working capital needs. Hong Kong’s construction sector is facing some of its most challenging times with a financing gap that continues to widen. Back-to-back payment arrangements, long receivable tenors and time-consuming, paper-based processes are locking up an estimated HK$53.8 billion in the construction supply chain each year, creating a need for accessible and efficient working capital solutions for the industry.
Riverchain is on a mission to optimise the industry’s capital flow and address the growing working capital gap by leveraging technology and attracting new capital to the sector. Riverchain’s pioneering digital platform and data-driven risk assessment model serve the needs of subcontractors looking for efficient and transparent short-term financing solutions as well as private and institutional investors who are interested in alternative investment opportunities with an attractive risk and reward profile.
Managed by an SFC-licensed subsidiary of Arta TechFin, the HK$400 million open-ended fund will utilise Riverchain’s extensive knowledge and platform capabilities to bring an innovative funding alternative to the sector.
“Riverchain is helping Hong Kong’s construction sector address the financing gap by building resilience in tough times and treading the path to sustainable growth. We believe in being a partner to a core sector that contributes to Hong Kong’s economic growth and this latest milestone provides a major boost in our mission to unlock more capital to support good businesses, complete projects on time and safely, and get workers paid on schedule,” said Ben Wong, CEO of Riverchain.
Riverchain has built a trusted and transparent platform leveraging blockchain for authentication, ensuring information integrity. Its pioneering digital platform features a proprietary risk model that capitalises on deep industry knowledge and the ability to unlock value from both unstructured and structured industry data. These key factors attract new liquidity providers who value this unique source of insight to make more informed, data-driven investment decisions.
Today, Riverchain engages with more than 1,000 subcontractors and suppliers across the construction industry in Hong Kong, offering working capital funds to projects and enabling timely payments.
Real estate software-as-a-service provider BuildingMinds recently launched a whitepaper in collaboration with global real estate investor and fund manager, Cromwell Property Group. The chapter provides an in-depth analysis of turbulent market conditions in recent years, the fragmented nature of current global ESG (environmental, social, and governance) real estate demands, and emerging trends across the sector. It concludes that the most powerful way to drive change in an industry responsible for nearly 40% of greenhouse gas emissions is to standardise data, reporting, regulations, and incentives, all of which contribute to optimising the profitability of ESG-orientated investment strategies.
No “One-Size-Fits-All” Approach
The complexities of implementing ESG initiatives in the real estate sector are underscored by a lack of standardisation across the board. Given the diverse requirements geographically, regulatorily, and from investors themselves, it’s unfeasible to have a “one-size-fits-all” model. BuildingMinds and Cromwell Property Group suggest that tailoring ESG strategies to the unique demands of different geographical markets using precise data collection and reporting will drive a much-needed level of standardisation that will have a positive impact on profitability through increasing efficiency and reducing the resource requirements around asset management.
“The lack of regulation and geographical nuances have made it challenging to accurately collect data and benchmark portfolios in the real estate sector. Our latest whitepaper in collaboration with Cromwell Property Group underscores the importance of standardisation to effectively meet ESG ambitions and, ultimately, reduce greenhouse gas emissions,” said Marek Sacha, CEO of BuildingMinds.
Vast Opportunities for Innovation
Cromwell Property Group sees a real estate industry rich with innovation and filled with vast opportunities for ESG improvements and advances, particularly in the use of cross-laminated timber, brown-to-green repositioning, and a consumer-demand-driven focus on sustainable and ethical investments.
“We’re witnessing trends in the real estate ESG sector driven by sustainability and innovation. The rise of cross-laminated timber is revolutionising construction. Simultaneously, the shift towards brown-to-green repositioning reflects a growing commitment to transforming existing assets. Consumer demand for sustainable investment options is also shaping the market, compelling investors to put a greater emphasis on ESG. These trends are not just responses to challenges, they are paving the way to a more sustainable and resilient real estate sector,” said Cecile Babcock, Head of Distribution, Europe, Cromwell Property Group.
While rapid advances in technology are continuing to drive business transformation agendas, less than a third (29 percent) of senior leaders consider their technology foundation readiness to be very high, according to a new survey from KPMG International.
The findings of KPMG’s Transforming the Enterprise of the Future report reveal the importance of advanced technologies in driving transformation, with 76 percent of senior leaders believing that generative AI, neural networks, and digital twins will significantly enhance the likelihood of transformational success.
Despite this, enterprises are scrambling to keep up. For the vast majority of enterprises, transformation is no longer episodic, but a state of continuous reinvention. A majority (88 percent) of enterprises are now running two or more transformation programmes, while over half (54 percent) are running three or more concurrently.
The research uncovers the top five barriers limiting digital transformation: lack of resources, skills or expertise; stakeholder resistance to change; stakeholder and employee resistance; competing business goals; and a lack of funds or an unclear business case. To unlock capacity and value, KPMG’s report expects outperformers to have strengths across four areas:
Resilient cultures: Establishing a culture of trust, shared values and alignment to the strategic vision is a key to transformation success and long-term organisational resilience. It comes as research reveals that 73 percent of digitally mature enterprises have high levels of trust in their leaders.
Digital maturity: Digitally mature enterprises are more likely to outperform. Yet, many enterprises are not leveraging the full value of their data, technology, and people. Two-thirds of senior leaders rated their tech foundations as no better than adequate; while most expect the impacts of technology on transformation to rise in the next one to three years.
Partner ecosystem alignment: Leading companies are leveraging partnerships to accelerate go-to-market strategies, outmanoeuvre supply chain challenges and leapfrog technology capabilities. Our research shows that only one-third of senior leaders believe their current partner ecosystem is strongly aligned with their transformation goals. Looking ahead, these leaders expect to invest more in partnerships rather than in building or buying technology.
Strong orchestration capabilities: Approximately 60 percent of senior leaders and line leads believe that adopting advanced technology will increase the likelihood of transformation success.
The report emphasises that new technologies and expansive data repositories are helping enterprises to create greater value. These and other tools enable better resource allocation, data analysis and insights, customer understanding, risk management, and product and service innovation.
RPM Platform Markets APAC, a group comprised of leading brands of construction chemical and coatings products in the Asia-Pacific region through Tremco CPG Malaysia including Tremco, Flowcrete, Nullifire, Euclid Chemical, Vandex, Dryvit, Illbruck, Nudura, Willseal, Pitchmastic Pmb, Matacryl, Carboline and Stonhard, has officially opened a state-of-the-art manufacturing plant at the heavy industrial zone of UMW High Value Manufacturing Park, Serendah.
The new Serendah plant serves as a regional manufacturing hub underscoring a strategic move to strengthen RPM Platform Markets APAC’s leadership in the Asia-Pacific construction market. Equipped with cutting-edge technology, the plant features automated powder manufacturing systems with robotic palletisers and new equipment for producing speciality coating materials. This investment in technology not only boosts efficiency but also ensures high standards of quality and safety.
Speaking at the launch event, Saptak Roy, Managing Director of RPM Platform Markets APAC said, “The new plant marks a milestone for RPM Platform Markets APAC. Malaysia’s strategic location, robust infrastructure and business-friendly environment made it the ideal choice for this significant investment. The plant’s location in the UMW High Value Manufacturing Park in Serendah, a designated heavy industrial zone, ensures it meets the operational needs of RPM Platform Markets APAC.”
Roy added, “This facility demonstrates a move to strengthen our position as a leading provider of construction and coatings products in the Asia-Pacific region. It reinforces our commitment to enhancing our presence and capabilities. The expansion allows for a substantial increase in production capacity – almost doubling our liquid production and bringing our powder production to almost 7 times more than what we were capable of previously. This supports our robust growth plans for the region, and allows us to better serve rapidly expanding construction markets in Southeast Asia and beyond.”
Sustainability is a core element of RPM Platform Markets APAC. The new plant incorporates several eco-friendly features, including a rainwater harvesting system, LED lighting for energy efficiency, bulk tanks for liquid storage to reduce waste, and electric forklifts to minimize carbon emissions. Additionally, the plant uses Flowcrete’s epoxy terrazzo flooring containing recycled glass content and includes a roof garden to promote a healthy working environment.
“These sustainable practices demonstrate our dedication to environmental responsibility and creating a safe, eco-friendly workplace for our employees,” said Roy.
The facility will produce a wide range of products under several RPM Platform Markets APAC brands, including Tremco, Flowcrete, Nullifire, Euclid Chemical, Vandex, Dryvit, Carboline, Stonhard and more, supporting the diverse needs of the construction industry across the region.
The new plant is set to create numerous employment opportunities for the local community in Serendah and surrounding areas. Local talent will find opportunities in various fields such as operations, manufacturing, engineering, R&D, logistics, IT support, and more. RPM Platform Markets APAC group companies are also committed to engaging with local universities by offering internships and collaborating on product development and research initiatives.
The Torre Arcobaleno in Milan’s Garibaldi area has a new night lighting system. The intervention, curated in partnership by a group of Italian companies, repurposed as a tribute to the city and the people of Milan, further qualifies a structure that has become in recent years one of the symbols of modern Milan in terms of location, history and content, both architectural and design, the largest “vertical ceramic mosaic” with its 1,000 square metres.
The new system uses powerful Led floodlights and gives the 35-meter Torre Arcobaleno, a special charm, with a fairy-tale effect, highlighting the many shades of colors that have made it so recognisable and beloved by the Milanese, as well as a cult object for creative people and design enthusiasts around the world. The new 397 W LED floodlights in fact allow for more precise and pinpoint illumination of the tower’s silhouette, increasing color rendering while maintaining the low power consumption of the previous system. The lifespan of the new floodlights is about 100,000 hours.
Spearheading the project is the architecture division of the Original Designers Studio 6R5 Network of Francesco Roggero, Albino Pozzi, Rita Alfano Roggero and Kiyoto Ishimoto, who acted as “director” involving other excellent names of Made in Italy, all united and determined to keep the beauty of the Torre Arcobaleno intact, enhancing it even in its night vision. The partners are:
RFI, the company of the infrastructure cluster of Gruppo Ferrovie dello Stato, have also patronised this new initiative, in continuity with the choice made at the beginning of the history of the recovery project.
A Taste of History
The tower in its load-bearing concrete structure dates back to 1964, when it served as a simple water tank inside the railway yard of Milan’s Porta Garibaldi station. Settled limestone had caused oxidation of the iron and crumbling of the concrete, causing conspicuous external leaks. On the occasion of the 1990 World Cup in Italy, the tower then underwent its first significant renovation, which transformed a work designed solely for service purposes, an urban element with essentially aesthetic-symbolic, but highly recognisable, value. The result was achieved mainly through the placement of 100, 000, 10 x 10 cm module tiles of 14 different colors as cladding.
The idea behind the project was to highlight the structure of the tower, which is circular in plan and concave in shape, divided into twenty-two faces interrupted by as many raised ribs. A thorough rehabilitation of the tower’s walls and ribs was undertaken, providing consolidation, waterproofing of surfaces, reconstruction of the removed parts, and painting of the connecting parts.
Underlying the project was an idea on the part of the designers from Milan-based Original Designers Studio 6R5 Network to promote a new attitude of care and pride in the city’s urban heritage. The redevelopment also included the rehabilitation of an old railway bridge between Viale Forlanini and Viale Corsica, later called the “Passaggio a Nord Est.”
Finally, in 2015, the year of the Expo, the tower was again restored and modernised by the same group of companies involved today, which assumed the full costs of an intervention seen as a tribute to the Milanese in an occasion of exceptional visibility for the city such as the international exposition.
In the meantime, the Garibaldi area of nearby Piazza Gae Aulenti has become the heart of the Milan of design, fashion and modern architecture, redesigned with its futuristic skyscrapers that find in the Torre Arcobaleno a “coloured ceramic totem,” an evolution of the artisan origins of the Italian master ceramists who have landed in the industrial world and are now recognised worldwide as a national excellence.
Today, the Torre Arcobaleno’s new adventure continues with new lighting, destined to amaze the Milanese and tourists arriving from all over the world.
Pan-United Corporation Ltd has unveiled the country’s first electric-powered concrete mixer truck, underlining its commitment to sustainability. The introduction of electric vehicles (EVs) marks a milestone in Pan-United’s journey to become a carbon-neutral ready-mix concrete company by 2050. Using an electric-powered mixer truck will reduce the carbon footprint of transporting ready-mix concrete by 45 percent compared to a fuel-powered truck. Moreover, using EVs in a highly dense urban environment like Singapore can reduce noise pollution significantly.
Mr Ken Loh, CEO of Pan-United said, “Pan-United is excited to welcome EVs into Singapore’s built environment industry. We hope to eventually operate a substantial fleet of electric concrete mixer trucks for our day-to-day operations. This step marks an exciting new venture in exploring alternative fuel technology and a deepening commitment to accomplish Pan-United’s aim of being a carbon-neutral ready-mix concrete company by 2050.”
He added: “Pan-United has actively been exploring ways to reduce our embodied and operational carbon emissions. This includes the use of alternative fuels and electric gensets in our operations to lower our carbon footprint. We will continue to actively explore new and innovative solutions and products to decarbonise and accelerate the global climate transition.”
Pan-United took delivery of the truck in July 2024 from SANY, a Chinese multinational heavy machinery manufacturing company. The electric-powered truck has a sizeable 350 kWh battery, which serves up to 360 kW at peak power, and takes two hours to achieve a full charge. For comparison, a typical Category A passenger EV with a battery capacity of 78 kW takes roughly half an hour to charge fully.
