How a Hong Kong luxury estate saved HK$1b in renovation cost with tech solutions

Residence Bel-Air in Hong Kong has demonstrated how technology-led preventive maintenance can save significant renovation costs for older buildings. The upmarket estate reportedly saved its residents over HK$1 billion (US$127.5 million) by adopting this approach. Allen Ha Wing-on, convenor of the Residence Bel-Air owners’ committee, highlighted this as a potential model for transforming Hong Kong's traditional practice of large-scale renovations for aging estates. He introduced the concept of "homegevity," suggesting it could extend property lifespans and have implications for cities globally facing urban decay. This shift is seen as a response to the need for more sustainable building management, particularly following incidents like the Wang Fuk Court tragedy.