{"id":57020,"date":"2024-07-08T12:03:52","date_gmt":"2024-07-08T12:03:52","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/07\/08\/astri-establishes-the-contech-and-proptech-alliance\/"},"modified":"2024-07-08T12:03:52","modified_gmt":"2024-07-08T12:03:52","slug":"astri-establishes-the-contech-and-proptech-alliance","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/astri-establishes-the-contech-and-proptech-alliance\/","title":{"rendered":"ASTRI Establishes the ConTech and PropTech Alliance"},"content":{"rendered":"
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Driving I&T Adoption for Boosting Efficiency, Quality and Safety<\/i><\/b><\/p>\n

HONG KONG<\/span><\/span>, July 8, 2024<\/span><\/span> \/PRNewswire\/ — The Hong Kong Applied Science and Technology Research Institute (ASTRI) organised the inauguration ceremony for the “ConTech and PropTech Alliance” today. This initiative aims to promote the adoption of advanced technologies and solutions to enhance construction efficiency, quality, and safety, thereby accelerating industry development. The ceremony was officiated by Ms Winnie Ho<\/span><\/b>, Secretary for Housing of the HKSAR Government, along with Ir Sunny Lee<\/span><\/b>, Chairman of ASTRI and Dr Denis Yip<\/span><\/b>, Chief Executive Officer of ASTRI.\u00a0<\/p>\n

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(From left) Dr Denis Yip, Chief Executive Officer of ASTRI, Ms Winnie Ho, Secretary for Housing, HKSAR Government and Ir Sunny Lee, Chairman of ASTRI, officiated the launching ceremony of \u201cConTech and PropTech Alliance\u201d today (8 July)<\/span><\/p>\n<\/p><\/div>\n

Enhance Speed, Efficiency, Quantity and Quality<\/b><\/p>\n

Reaffirming the commitment to advancing smart construction through technology, Ms Winnie Ho<\/span><\/b> expressed hope for transforming industry challenges into opportunities for cross-sector collaboration between technology and construction. She highlighted the HKSAR Government’s proactive integration of innovative technologies into the construction and management of public housing for better well-being of residents. “We are collaborating with various organisations, including ASTRI, to research technologies that can further enhance ‘Modular Integrated Construction’ (MiC) and ‘Multi-trade Integrated Mechanical, Electrical and Plumbing’ (MiMEP) methods, achieving the goals of ‘enhancing speed, efficiency, quantity and quality’ in public housing development.”<\/p>\n

She added that ASTRI’s ConTech and PropTech Alliance, brings together representatives from universities, research institutes and the industry, fostering innovation and collaboration among these sectors, and encouraging industry upgrades and transformation through cutting-edge technology integration.<\/p>\n

Develop “New Quality Productive Forces” in Construction Industry<\/b><\/p>\n

Ir Sunny Lee<\/span> <\/b>noted that the construction and real estate sector is one of the pillars of Hong Kong’s<\/span> economy, contributing significantly to local GDP. The industry’s expertise in building high-quality and high-density structures is widely-recognised, demonstrating top-notch professionalism. Nonetheless, the sector has been facing numerous challenges in recent years, including high construction costs, an aging workforce, and frequent accidents.<\/p>\n

He stated, “We are confident that advanced innovative technologies can help the industry change the status quo, effectively reduce construction costs, improve efficiency, and enhance site safety, expediting the construction industry’s development of ‘New Quality Productive Forces’. With major projects estimated to cost HK$300 billion<\/span> per year over the next decade, the industry can seize high-growth opportunities by leveraging technologies to boost productivity and capability.”<\/p>\n

Alliance Promotes Smart Construction<\/b>\u00a0
Dr Denis Yip<\/span> <\/b>underscored that the Alliance is creating a comprehensive ecosystem that includes representatives from government and regulatory bodies, academic and research institutions, construction industry stakeholders, real estate market participants, technology providers and industry organisations. \u00a0This robust ecosystem aims to revolutionalise traditional construction and property management processes, enhance construction efficiency and safety, and support Hong Kong’s<\/span> progression towards becoming a smart city.<\/p>\n

Dr Yip commented, “ASTRI is committed to developing ‘Deep Tech for Smart Solutions’. Our construction technologies are highly developed, and we have collaborated with various government departments and public and private organisations, including the Housing Bureau and MTR Corporation. Many of our technologies are already being applied in the field.” ASTRI has just inked a collaboration agreement with the Hong Kong Housing Society (HKIS) and Hip Hing Construction. Under the agreement, Hip Hing Construction will implement ASTRI’s innovative technologies in HKIS’s projects to enhance efficiency and safety.<\/p>\n

ASTRI’s key technologies for the construction and real estate industries include:<\/p>\n