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"Housing Association Center in the Northern Metropolitan Area Opens, First Real Estate PropTech Co-Working Space "Smart-Space PropTech" Begins Operating

The Housing Association announced the opening of a co-working space within the Fanling new town office. The studio occupies two floors with a total area of 8000 square feet and is open all day. The studio provides various types and sizes of workspace, including serviced offices, dedicated workstations, and flexible desks. Additionally, the studio features a flexible exhibition area, meeting rooms, and leisure spaces, equipped with advanced video, 5G high-speed internet, and 4K live streaming systems, as well as comprehensive technical support services to meet the needs of different startups.

It is worth mentioning that the studio is the first place to adopt innovative technology products developed by Cyberport startup companies, including office robots and smart telephone booths. The studio is committed to creating an intelligent and healthy work environment, so it uses green-certified and recyclable materials for sustainable operations.

The partnership between the Housing Association and Cyberport will last for five years. The Housing Association will provide development funding for startups and arrange for professionals to share knowledge and experience in housing development and management. Startups can also conduct field tests in rental estates and commercial buildings under the Housing Association. Cyberport will provide entrepreneurial guidance and organize activities to encourage startups to develop and implement real estate-related innovative technology products and solutions, and promote digital transformation in the industry, encouraging young people to join the innovation and technology field and building a smart city.

At the opening ceremony of the co-working studio, the CEO of the Housing Association, Chan Yam Min, and the CEO of Cyberport, Raymond Fung, officiated the event. Guests in attendance included the Acting Director of the Northern Metropolis Office of the Government, Winnie Yung Pui Wan, the Chairman of the Hong Kong Real Estate Technology Association, Edmund Chan Wing Kwong, as well as management from the Housing Association and Cyberport, and representatives from various startups.

Chan Yam Min stated that the Housing Association has opened the first real estate technology co-working studio with the aim of encouraging innovative thinking and developing real estate-related solutions by subsidizing and nurturing young local tech talents in startups. For example, utilizing IoT, big data, artificial intelligence, and blockchain, they can develop smart buildings and innovative building maintenance solutions. He hopes to apply these development achievements to rental estates and properties under the Housing Association, creating an up-to-date quality living environment. He pointed out that the establishment of the real estate co-working studio symbolizes a step towards establishing a collaborative ecosystem between innovation and technology and the real estate industry in the Northern Metropolis area, actively supporting the government's efforts to develop the Northern Metropolis area into a new engine for promoting the innovation and technology industry.

Raymond Fung expressed his great pleasure in the official opening of the co-working studio launched in collaboration with the Housing Association. Thirteen startups have settled in the co-working studio, which will help them secure funding to complete concept verification and increase the chances of being the first to apply innovative solutions to Housing Association properties, demonstrating the effectiveness of innovation and technology and leading the industry in wide-scale adoption of technological achievements. The Northern Metropolis area is an important base for promoting the development of the innovation and technology industry, and Cyberport will continue to work closely with the Housing Association, focusing on research and development in areas such as smart buildings, property management, smart homes, architectural technology, and green technology, jointly promoting the development of the innovation and technology ecosystem and smart city in the Northern Metropolis area.

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