ERA and Singapore Land Authority Sign MOU to augment Geospatial Co-innovation in Real Estate
- By administrator
- 2 mins read
- Press Room
- 22 Oct 2021
SINGAPORE, 22 October 2021 – Singapore’s largest international real estate agency ERA Singapore (ERA) and Singapore Land Authority (SLA) signed a Memorandum of Understanding (MOU), the aim of which is to enhance the smart property viewing experience as well as augment the geospatial feature of SLA’s OneMap3D initiative.
Under the MOU, ERA will incorporate SLA’s OneMap3D data into its iERA and RealtyWatch mobile apps, which allows ERA trusted advisers and clients to experience a richer view of the surroundings of a particular property and shadow casting according to different time of a day for a particular property, as well as other useful capabilities such as location-based information, navigational services and the use of open-source technologies.
Launched in August 2021, the RealtyWatch mobile app has assisted many potential home buyers, sellers, tenants and landlords to get an accurate property market overview of the neighbourhoods they are residing in. With the addition of data from OneMap3D, it will offer users a more seamless experience during their property search journey from identifying suitable properties, seeking professional guidance from ERA trusted advisers, valuations of properties to financing the property.
To further the development of geospatial technology, ERA will explore untapped possibilities by providing new data collection avenues that will benefit OneMap3D. Examples of the data to be collected include selected features within selected developments in Singapore, such as correlated lift lobby locations with unit numbers. The collaboration will also include the potential creation of customised APIs for usage by ERA, SLA and the public.
“The development of OneMap3D marks an important milestone in Singapore’s geospatial journey which coincides with ERA’s vision of providing evolutionary solutions and services to our clients and trusted advisers. We’re honoured to be a key partner of SLA, who is the authority in geospatial information and technologies in Singapore, in this digital transformation journey for the benefits of the community,” said Mr Marcus Chu, CEO of ERA Singapore.
“The real estate sector has a lot of potential to make use of geospatial data to enhance productivity and customer service. We see ERA, which is one of the largest real estate agencies in Singapore, as a good partner to collaborate in this aspect. Through this collaboration we hope to expand on our offering of hyperlocal and granular data on OneMap, to bring about more value-added services to the businesses as well as general public,” said Mr Colin Low, CEO of Singapore Land Authority.
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Singapore Business Review: https://sbr.com.sg/commercial-property/news/era-sla-enter-mou-strengthen-geospatial-co-innovation
MSN Singapore: https://www.msn.com/en-sg/money/topstories/era-sla-enter-mou-to-strengthen-geospatial-co-innovation/ar-AAPUFnz
Yahoo Singapore Finance: https://sg.finance.yahoo.com/finance/news/era-incorporate-smart-property-viewing-090147218.html
Vietnam Explorer News Channel: https://vnexplorer.net/era-sla-enter-mou-to-strengthen-geospatial-co-innovation-ei20211806577.html
