GuocoLand, OCBC, Doxa to develop digital platform for dev’t projects transactions

This will be ready by October and will be piloted through Meyer Mansion.

GuocoLand Limited, Overseas-Chinese Banking Corporation Limited (OCBC), and local fintech firm Doxa signed a Memorandum of Understanding (MoU) for the development of a digital solution for the streamlining of transactions for development projects.

The Doxa Connex for Developers platform—which will connect property developers and other parties such as banks, contractors, suppliers and consultants and digitalise transactions in the built environment industry—will be ready in October 2021.

This will be first used in GuocoLand’s luxury freehold condominium project, Meyer Mansion, by year-end, with OCBC Bank as the sole lender for the project.

The platform will also convert quotations into purchase orders and produce cost analysis reports. It will also keep track of large amounts of data, providing transparency in procurement and payment workflow processes, and “clearer project visibility.”

“Digitalising the procurement and payments workflow processes in the built environment value chain is a needed step in the right direction to transform the industry. Piloting Doxa Connex for Developers for Meyer Mansion will automate workflow processes and pave the way for a more efficient, transparent platform for future developments,” GuocoLand Singapore Chief Financial Officer Andrew Chew said.

This is the third MoU signed by GuocoLand as part of its digitalisation efforts.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

C&W Services transforms headquarters into a ‘living lab’
The new office is set to be the ground for the firm’s new facilities management technologies.
How investor stewardship puts companies in a win-win state
Stewardship Asia Centre CEO says a company’s failure to take care of society is a failure to take care of its stakeholders.
Creating harmony in a heterogonous workforce 
An HR expert said tests like DISC can help identify which employees can work best together.