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 s for more news on

Doxa

GuocoLand

OCBC Bank

digitalisation

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia