PropXTech 2022/2023: Advancing Sustainable and Innovative Proptech Solutions for the Real Estate Industry in Asia
On 23 May 2023, Hongkong Land and Sino Group, as co-chairs of the Hong Kong PropTech Alliance, successfully organized the PropXTech 2022/2023 program, a proptech acceleration initiative aimed at advancing the sustainable and long-term growth of the real estate sector in Asia. The program received an overwhelming response, with over 3,000 applications from 70 countries and territories. After a rigorous selection process, 24 innovative ideas were shortlisted to participate in nine months of screening, workshops, mentoring, and proof of concept execution.
The program culminated in a Showcase Day where ten finalists presented their solutions and business plans to renowned industry professionals and investors. The finalists represented cutting-edge solutions that emphasized sustainability and digitalization in property development and management across five categories: Green Tech, Smart Building, Smart City, Smart Construction, and Customer Engagement.
The showcased innovations were diverse and spanned a wide range of ideas, including AI-powered recycling bins, noise reduction technology, self-healing concrete, and predictive solutions to monitor, maintain, and optimize the health of commercial heating, ventilation, and air conditioning systems. The PropXTech 2022/2023 program was a great success and highlights the Hong Kong PropTech Alliance's commitment to driving innovation in the real estate sector and promoting sustainable development in Asia.