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SINGAPORE (Sept 8): The Housing and Development Board (HDB) of Singapore yesterday inked two research and development (R&D) agreements with the Nanyang Technological University, Singapore (NTU) and the Singapore University of Technology and Design (SUTD) at the International Housing Forum on sustainable urban development.
Officiated by Minister for National Development and Second Minister for Finance Lawrence Wong, the S$10.7 million (RM33.54 million) investment will leverage on big data, data analytics and smart technology to boost construction productivity and safety, as well as to develop a new social framework to build stronger communities, the HDB said.
According to The Business Times report, the two agreements each spans three years.
The one with NTU is a S$4.7 million collaboration to develop a smart integrated construction system to transform traditional construction work. The other, a S$6 million memorandum of understanding with the SUTD, is to embark on a study which will create new housing solutions in tandem with residents’ evolving needs and aspirations.
This article first appeared in The Edge Financial Daily, on Sept 8, 2017.
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