SINGAPORE (Feb 4): Digital technologies are revolutionising the way urban environments and buildings function and interact with each other, giving rise to a new type of building known as smart buildings.

In Singapore, real estate investment trusts are turning to smart buildings to boost income. CapitaGreen, which contributes around 23% to CapitaLand Commercial Trust’s (CCT) net property income, and Ocean Financial Centre, which contributed some 34% to Keppel REIT’s income in 2018, are examples of buildings that are using technology to drive performance.

CapitaGreen uses a smart air-conditioning system where air-conditioning for the office floors is provided via innovative technology that takes in fresh, cool, natural air from the crown of the building at lower energy consumption, providing tenants with better indoor air quality.

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