Chinachem Group, Urban Renewal Authority clinch PropTech - Real Estate win at HKB Technology Excellence Awards 2022
Their redevelopment project on Tonkin Street is the first private residential development built by a Modular integrated Construction by a private developer in Hong Kong.
Property developer Chinachem Group and statutory body Urban Renewal Authority (URA) won the PropTech - Real Estate category at the recently held Hong Kong Business (HKB) Technology Excellence Awards 2022 for its redevelopment of Tonkin Street.
The Tonkin Street redevelopment project is the first private residential development built by Modular integrated Construction (MiC) by a private developer in Hong Kong. It is a composite development comprising one private residential tower, a retail podium, landscaped staircase, an urban plaza, a clubhouse, and a sky garden.
The groups combined property technology with humanistic design, aiming to create a better community and bringing positive impact through their corporate philosophies.
MiC has an unprecedented advantage over conventional construction methods in that waste generated during the construction process can be substantially reduced. Since the majority of formation work is carried out in factories, pollution at the site and disturbance to the neighbourhood are minimised.
Moreover, residents are encouraged to lead an inspirational and sustainable lifestyle, including green living, healthy eating, and a smoke-free environment. Post-occupancy evaluation will be conducted to ascertain user satisfaction, the effectiveness of sustainable measures, and possible improvements to promote sustainable policy and engagement.
The project is estimated to achieve a 68% cut in construction waste, a 75% reduction in noise pollution and a reduction in carbon emissions, thereby reducing the nuisance caused to the neighbouring communities.
The redevelopment project shows the Group’s sustainability commitments to providing healthy, smart, and green living properties in compliance with the WELL Building Standard and the Building Environmental Assessment Method Plus Certification requirements.
HKB Technology Excellence Awards honours outstanding companies that have made exceptional contributions in the pursuit of technological innovation in Hong Kong.
The Hong Kong Business Technology Excellence Awards is presented by Hong Kong Business Magazine. To view the full list of winners, click here. If you want to join the 2023 awards programme and be acclaimed for your company's outstanding contributions in pursuit of technological innovation, please contact Julie Anne Nuñez at firstname.lastname@example.org.