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JLL, Lendlease launch proptech accelerator in Singapore

Propell Asia is described as the first such Singapore-based regional programme; observers say investment sum of S$20,000 for each new business idea may be too little

Published Sun, Jun 24, 2018 · 09:50 PM

JLL

Singapore

GLOBAL real estate giants JLL and Lendlease are partnering to launch an accelerator in Singapore to kickstart innovation in real estate, an industry said to have been slow to tech advancements.

But unless both companies commit to a substantial investment and a long-term plan to "transform legacy businesses", the accelerator will yield limited benefits, observers said.