Frasers Property, Hitachi to invest $100m in digitisation of real estate

The two are looking for digital opportunities in Thailand and Australia.

Hitachi Asia and Frasers Property through its subsidiary, have signed a memorandum of understanding (MOU) to invest $100m in the digital transformation of the real estate industry in Asia Pacific for the next five years.

The two companies will start exploring digital opportunities within the property markets of Singapore, Thailand and Australia.

Along with Japanese financial institutions, technical and commercial teams from Hitachi Asia and Frasers Property have been working closely to develop a new multi-generational approach in providing technology and infrastructure as a Service (IaaS) solution.

This comes at the back of an earlier initiated project to look at smart city services for One Bangkok development.