China’s largest property developer plans mass production of construction robots
Some people question why we discuss topics like Artificial Intelligence and Robotics at our real estate festival and how relevant is it to solving today’s most pressing real estate challenges. Well, it is actually more relevant than most people think, case in point, the largest property developer in China, Country Garden, with annual revenues of $80 billion is planning on spending $2.3 billion annually over the next five years on building it’s own construction robots. The rationale behind this decision is that construction robots will reduce costs and improve safety.
In addition, the company is also developing robots for its agriculture, restaurant and property management business and most recently opened up its first robotic restaurant. The firms also plans to have unmanned robotic farms and offer home service robots to each of its residential home buyers.
This is exactly why our ASDAiRE conference during AnySizeDeals Week – The Festival of Real Estate Innovation will focus exclusively on covering the various challenges and opportunities that artificial intelligence and robotics are playing within the real estate ecosystem and the practical applications for today’s real estate owner and operator.
This Week in Real Estate Innovation
AI + ROBOTICS NEWS
China’s largest property developer by sales Country Garden is planning to start mass production of construction robots next year to cut costs and raise efficiency, it said on Friday.
The group, which started investing in robotics research and development in 2018, said it aims to have at least one robot at each of its sites across the nation.
“Austin is on fire right now, it’s unbelievable,” said Nate Baker, CEO, and Founder of Qualia Labs, a real estate technology company that streamlines the homebuying process. Qualia hosted the real estate summit that brought together some of Austin’s hottest real estate technology companies along with real estate professionals.
Fifth Wall Ventures is planning a new sustainability venture fund that would help real-estate companies meet growing pressure to reduce carbon emissions from their buildings.
The venture firm, which is backed by real-estate corporations, is preparing to raise roughly $200 million for its Carbon Impact Fund, said Tyson Woeste, aq partner at Fifth Wall.
WHAT’S NEW IN BLOCKCHAIN
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Construction work for a huge offshore wind farm in the North Sea is underway.
In an announcement Friday, energy firm SSE said that onshore work for the 3.6 gigawatt (GW) Dogger Bank Wind Farms project had begun near Ulrome, a coastal village in the East Riding of Yorkshire, England.