The combined forces of a smart city builder in Sri Lanka and a veteran Japanese engineering corporation make this year’s summit a success
The virtual world of the PropertyGuru Asia Real Estate Summit 2021: Virtual Edition opened 8 December, thanks to the support of some of the most technologically savvy, innovative organisations in Asia Pacific.
The eventful day was presented by Port City Colombo, the team behind the eponymous new urban development rising in Sri Lanka, and supported by IHI, the leader in automated parking technology.
Port City Colombo this year serves as the summit’s platinum sponsor, showcasing its ambitious plans to create the “gateway of South Asia”. When completed, the eponymous project will feature the latest smart city concepts and sustainable city designs.
Spanning 269 hectares of reclaimed land from the sea, Port City Colombo is envisioned as an extension of the CBD in the Sri Lankan capital Colombo. Port City Colombo will be planned as five different precincts: Financial District, Central Park Living, Island Living, The Marina, and the International Island, offering resort living in the middle of the urban jungle.
“We have a new modern metropolis that emerges from the sea, providing one of the most promising investment opportunities not just in Sri Lanka but in the region,” said Yamuna Jayaratne, director for sales and marketing at Port City Colombo.
The city is bound to contain 5.6 million square metres of built space, including world-class homes, hotels, healthcare facilities, educational institutions, entertainment amenities, retail establishments, and offices.
“Port City will be South Asia’s premier residential, retail and business destination,” said Jayaratne. “Port City Colombo is positioned as a multi-services hub with high-quality public spaces and a future-ready infrastructure.”
The total investment comes from CHEC Port City Colombo (Pvt) Ltd, a fully owned subsidiary of China Harbour Engineering Company (CHEC), part of China Communications Construction Company Limited (CCCC). CCCC is a Fortune 500 company, famous for designing five of the 10 largest container terminals and cross-sea bridges in the world.
IHI, on the other hand, serves as the summit’s official innovation partner. With around 30,000 employees across the globe, the Tokyo-headquartered engineering corporation is extensively involved in the design, manufacture and construction of power systems and processing plants; heavy industrial and mass-produced machinery; materials handling equipment; shipbuilding and offshore marine structures; steel structures; aero engines; and rocket systems worldwide.
IHI has come a long way from its humble beginnings in a Japanese shipyard in 1853. Japan’s heavy industries and the corporation have since grown in tandem together, pushing the envelope of manufactured tech for the rest of the world.
“IHI seeks to solve the various environmental, industrial, social, and energy-related problems of the 21st century through engineering expertise and partnership with organisations sharing the same future vision,” said Masaya Fujisawa, associate director for IHI Asia Pacific (Thailand) Co., Ltd. “In striving towards these goals, IHI is becoming a global enterprise offering safety and security for the benefit of both the environment and humanity.”
IHI Asia Pacific (Thailand) Co., Ltd. was established in 2014, expanding the corporation’s presence in Southeast Asia. In Thailand, the company has built a solid reputation as a supplier and service provider of industrial machinery, materials handling systems, and equipment for production lines. It has also introduced Thai developers to one of IHI’s flagship products: the automated parking system. Pioneered in Tokyo in the 1960s, IHI’s mechanical parking systems offer an evolved, state-of-the-art solution to the chronic issues of traffic congestion and air pollution in cities like Bangkok.
“Contributing to the development of society through technology is one of the tenets of our management philosophy,” said Fujisawa.
Port City Colombo and IHI were joined at the summit by some of the real estate and tech industries’ leaders, innovators, decision-makers, and visionaries. Speakers populated an immersive, interactive virtual world accessible through AsiaRealEstateSummit.com and Zipeventapp.com.
The virtual world of the PropertyGuru Asia Real Estate Summit 2021 remains open until 8 January 2022.
The PropertyGuru Asia Real Estate Summit 2021: Virtual Edition is also supported by official portal partner PropertyGuru; official cable TV partner History Channel; official magazine and podcast PropertyGuru Property Report; official PR partner Infinity Communications; media partners APAC CIO Outlook, Asia PropTech, Nikkei Asia, Oxford Business Group, and The Artificial Podcast; official ESG partner Baan Dek Foundation; official charity partner Right To Play; and supporting associations Asia MarTech Society and Green Building Consulting & Engineering.
Thank you to Port City Colombo and IHI!