According to recent reports, nearly 80% of the 5.7 million people living in Singapore currently reside in government housing projects, which adds a tremendous amount of challenges and complexity to the local real estate market as well as the real estate development industry.
At the same time, the Housing and Development Board has been working closely with some of the local universities run by the Singapore government to establish new multimillion dollar housing developments for students – as well as nonstudents – that will be able to take advantage of everything that big data, analytics, and smart technology has to offer the world construction productivity and safety.
Nearly $8 million invested into this project by the Singapore government will be utilized by the Nanyang Technological University Singapore and the Singapore University of Technology and Design, both of which will be partnering together to create new buildings that will foster improved social frameworks, stronger and more collaborative communities, and the future of housing in Singapore going forward.
Right off the bat, the NTU Singapore campus has already begun to work on what they are calling the Smart Integrated Construction System. This is a revolutionary new approach to utilizing technology, data, and analytics to produce more effective and efficient results when it comes to construction work progress and productivity.
Utilizing a number of different sensors – including biometric sensors on individual workers – of this new platform has been able to improve productivity by nearly 40% compared to projects that utilize this tracking, which allows construction projects to beat deadlines by weeks as opposed to coming in on time or behind schedule.
The HBD is already very excited about the progress that has been made with these investments, but believe that both of these universities have the opportunity to improve the infrastructure of Singapore (and eventually the world) even more so.
HBD wants to see how collaborative community building can be taken advantage of, how communities can be strengthened and fostered through the construction of specific buildings and how they interact with one another, and how centuries old “city planning” approaches can be revolutionized to build more efficient and effective urban spaces compared to cities of today.
At the end of the day, Singapore finds itself in a unique position that allows them to take advantage of their culture, their government resources, and the fact that government housing and government established communities are already such a big part of their culture to conduct this kind of experiment and innovation in the first place.
Global communities around the world, but especially in the United States and China, are paying close attention to these new developments. Singapore hopes to establish a foundation that can be used to build communities of the future all over the world that foster creativity, foster a sense of community, and foster real collaboration – critical ingredients for success as we move forward.
It’s impossible to know just now exactly what kinds of advances in developments will come out of this new investment into these two universities, but it’s exciting to see how things will shake out.
About the Author
Morris Edwards is a content writer at CompanyRegistrationinSingapore.com.sg, he writes different topics like Singapore Rushing to be Asia’s New Tech Hub, FinTech Startups in Singapore and all topics related to Tech and Business, if you are interested about Company incorporation Singapore visit our website.
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