CapitaLand to smarten property offerings

CapitaLand Group, one of Asia's largest real estate companies, will step up efforts in technology innovation in China and explore setting up buildings, malls and communities that are all "intelligent", in a bid to accelerate digitalization of its property offerings.

Toward this end, the company has sealed technology collaborations with leading Chinese players.

It will launch a China-focused venture fund and roll out facial recognition technology at its offices and malls in China and Singapore.