Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

PGIM, Yardi on How Tech Powers Asian Real Estate Innovation: MTD TV Property Innovation Forum 2021

2021/11/23 by Christopher Caillavet Leave a Comment

https://player.vimeo.com/video/648899834?h=0a69716fa1

The use of technology to increase efficiency and sustainability is a “no-brainer” solution that enables property investors to boost returns while doing the right thing for society, says Su Lin Wee, who heads up asset management for Southeast Asia at PGIM Real Estate.

To kick off Mingtiandi’s Property Innovation Forum 2021, Wee joined Mingtiandi founder Michael Cole and Yardi regional director Bernie Devine on Tuesday for an MTD TV session focused on tech adoption in Asia, as part of the launch of the Innovation in Asian Real Estate: Systems for a Disrupted Industry report.

At the launch event for the report, which was jointly produced by Mingtiandi and Yardi, Wee, explained how paralleling the findings of the Innovation in Asian Real Estate report, PGIM is boosting use of technology in its real estate portfolio in the region in a drive to boost efficiency and improve sustainability.

The Innovation in Asian Real Estate report is available for download via the link above.

Office Enticements

In one of the report’s key takeaways, 62 percent of survey respondents said the COVID-19 pandemic has had a major or significant impact on their workplace plans — a finding that didn’t surprise Devine.

Su Lin Wee, Executive Director, Head of Asset Management, Southeast Asia, PGIM Real Estate
Su Lin Wee, Executive Director, Head of Asset Management, Southeast Asia, PGIM Real Estate
Bernie Devine Yardi
Bernie Devine, Senior Regional Director, APAC, Yardi
Michael Cole
Michael Cole, Founder, Mingtiandi

“It’s very clear there’s been a seismic change in the workplace,” he said. “And a real attitude shift from ‘Well, I have to go to the office’ to ‘Is it worthwhile for me to go to the office? I can work from home, why should I go to the office?’ ”

Now that workers are embracing the home office — and landlords and corporate occupiers are seeking to lure them back — Yardi has sought to bridge the divide by introducing an app to manage employees away from the office and ease their eventual return. In the same vein, office leases are starting to take into account the importance of providing better services to tenants to sweeten the value proposition.

“It’s no longer a situation of get the lease signed, collect the rent, move on,” Devine said. “It’s really a case now of make sure you’re providing great services and a great experience. So there’s been a real change.”

Green Goals

Singapore-based Wee’s pre-PGIM career included directing the development of CapitaLand’s greenery-packed Westgate mall and office tower. With firsthand knowledge of how improvements in the built environment can add up to big efficiencies and help meet environmental, social and governance goals, Wee is drawing on that background for her work at PGIM.

“In Singapore alone, we are actively conducting two trials on two properties that we manage here,” she said. “Hopefully we’re able to compare notes and find out how we pool data from our buildings, understand it, fine-tune the chillers and the condensers, improve the lighting, improve the utility consumption, lower water wastage, and all that ties in very nicely with ESG as well. Building efficiency pilots and technology is something that I feel very passionately about.”

780x250 CorporateV2

Another conviction she holds is that meeting sustainability standards isn’t just smart public relations or a box to tick for owners looking to show off the quality of their portfolios. PGIM has achieved Green Mark certification for almost all its managed assets in Singapore, and the savings in terms of utility usage and water consumption have amounted to “a very tangible ROI”.

“Which is why I personally really like tech when it comes to building efficiency, because it’s a very low hanging fruit,” Wee said. “It’s a big engine that you don’t really know much about, and imagine you can put an AI dashboard on top of it and it just gives you 200 things that you should fix and after which you can have a better performance building. It’s quite a no-brainer from our point of view.”

Logistics Innovation Next

The Property Innovation Forum continues next Tuesday with a panel on Tech Adoption in Logistics Real Estate. The speakers will discuss how warehouse operations are integrating with supply chains to meet the requirements of e-commerce operators and demand from consumers across Asia.

For the one-hour logistics session on MTD TV, Mingtiandi’s Michael Cole will welcome Hank Hsu, co-founder and CEO of Forest Logistics Properties; Alton Wong, head of valuation and advisory services and co-head of sustainability services for Greater China at Cushman & Wakefield; Gene King, head of Vietnam at Ally Logistic Property; and Bernie Devine, regional director for Asia Pacific at Yardi.

The innovation forum will conclude on 2 December with a spotlight interview session with Varun Malik, the head of real estate client coverage for Asia Pacific at market information provider MSCI.

During that wrap-up session, Malik will be sharing from his experiences working with property companies in Asia Pacific seeking to benchmark their performance against global standards, as well as providing insights on how the financialisation of real estate is spurring change in the industry.

Beatrice Laforga provided reporting for this story.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Events Tagged With: daily-sp, event, Featured, MTD TV, MTD TV Video, PGIM, Proptech, Proptech survey, Yardi

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

  • This field is for validation purposes and should be left unchanged.
320x320 CorporateV2

MTD TV

Tripp Gantt, Manulife US REIT
Lendlease REIT, Manulife US REIT, JLL See Rising Competition for S-REITs
Serene Nah - Digital Realty (featured)
Digital Realty Eyes SE Asia, India Expansion as Data Centre Demand Booms: MTD TV

More MTD TV Videos>>

People in the News

singh-anshuman
Asia Real Estate People in the News 2025-06-16
Raymond Lee Paul Hastings
Law Partner Picks Up Hong Kong Home of Former Birmingham City Boss for $37M
Teo Chee Hean Temasek
Asia Real Estate People in the News 2025-06-09
Lincoln Pan Jardines
Asia Real Estate People in the News 2025-06-02

More Industry Professionals>>

Latest Stories

Far East Orchard CEO Alan Tang
Singapore’s Far East Orchard Hits $130M Final Close of UK Student Housing Fund
Richard Stacker, Industrial and Logistics, CEO, Charter Hall
Rava Partners, Charter Hall, Barings to Appear in Mingtiandi Logistics Forum This Week
Momoi Hiroaki, executive director of KDX Realty
Kenedix REIT Selling Greater Osaka Mall for $41M

Sponsored Features

How to Create a Win-Win for Investors and Occupiers
Lingeage Logistics Cold Storage Complex
Mount Maunganui Cold Storage Facility for Sale
7 in 10 Senior Directors Confident in Data Centres, but Talent Shortage Will Widen

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Memberships
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse