THE PROSPECT OF INTELLIGENT CONDOMINIUM IN SINGAPORE

Abstract

The main aim of this study is to determine the prospect for intelligent condominiums in Singapore. As Singapore moves into the information age, increasing importance has been placed on information technology Over the years, there is increasing usage of information technology in residential developments particularly condominium in Singapore. This phenomenon is largely due to Singapore's strong economic growth, the government's concept plan, the shift towards an information based society and the rising affluence of the population. Most important of all, developers are now recognising the need to confront the tenant's requirements in order to stay competitive in the market. This study will also explore the existing level of intelligence of local condominiums and suggest potential usage of intelligent features in future developments. The major findings of the study are that although many of the recent condominium developments are offering smart features in their developments, only slightly more than half of the respondents are keen in buying such intelligent developments. A main reason for this is that the level of awareness among the public on intelligent condominium is not high Furthermore, some of the respondents felt that such developments are expensive and that the benefits brought about by the intelligent features are offset by their cost. On the other hand, those who would like to buy such developments mainly felt that the smart features will bring them convenience and save cost. In order to increase the demand for intelligent condominiums, developers should publicise their developments more extensively especially on their benefits.