How PropertyGuru plans to help the real estate industry become more environmentally sustainable
In the realm of technology, AI plays a pivotal role, and PropertyGuru Group, a leading property tech company, is actively using AI to address real-world challenges.
Shyn Yee Ho-Strangas, Managing Director of Data and Software Solutions (DSS) at PropertyGuru Group, recently talked about their commitment to tackling climate change in the real estate industry.
Climate Change Concern
Climate change is a pressing issue, especially in the real estate sector due to significant greenhouse gas emissions. PropertyGuru seeks sustainable solutions for property developers and homeowners.
AI for Climate Risk Management
PropertyGuru uses data and AI to assess climate risks in Southeast Asian real estate. By developing a risk assessment tool, they help homeowners, buyers, insurers, and banks make informed decisions on financing and asset protection.
AI-Powered Data Solutions
DataSense, PropertyGuru’s cloud-based platform, offers access to real estate data and insights. It addresses the scarcity of high-quality data, enabling better decision-making for various stakeholders in the industry.
Promoting Sustainability
PropertyGuru aids developers in justifying the costs of sustainable initiatives. They align these initiatives with consumer preferences, enhancing marketability and encouraging broader adoption of sustainable practices.
Expanding AI’s Impact
AI extends beyond sustainability, aiding in demographic analysis for city planning and policymaking, such as senior living facility demand.
Data Privacy and Security
PropertyGuru prioritizes data privacy and security as they rely on extensive data analysis, especially in real estate transactions.
Exploring Generative AI
PropertyGuru explores Generative AI to enhance operations, improve products, and efficiently serve their customers.
Future Focus
PropertyGuru continues working with property developers and enterprises, providing customized data and insights, and promotes sustainability in the real estate sector through initiatives like their ESG framework. Their vision is to empower communities to thrive in tomorrow’s cities.
