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UTS Partnership with Yongfeng Group explores modular construction efficiency.
Yang Rongfeng, chairman of Yongfeng Group, has launched a venture in Australia through his VC firm Hampton Accelerate. The initiative, in partnership with the University of Technology Sydney (UTS), focuses on integrating technologies such as artificial intelligence and blockchain into modular construction to improve efficiency and sustainability.
Yongfeng Group, established in 2002 and based in Shandong Province, China, is a diversified enterprise with operations spanning steel smelting, real estate, and trade logistics. The group is known for its role in developing sustainable building materials, a focus that aligns with Yang’s investment in modular housing.
Technological Integration in Modular Construction
The collaboration with UTS includes the development of tools for modular construction, such as AI-driven job matching, blockchain for certification verification, and augmented reality for virtual job previews. According to UTS representatives, the aim is to address inefficiencies in the construction process and create scalable housing solutions.
“Integrating artificial intelligence, blockchain, and augmented reality into the construction process is critical to achieving efficiency and sustainability in the industry,” said Yang Rongfeng.
Addressing Housing and Labour Challenges
Australia faces a projected shortfall of 163,400 homes by 2030. Yang sees modular construction as a potential solution, offering faster build times and cost savings compared to traditional methods. Yang’s partnership with UTS also addresses workforce challenges, with a focus on upskilling and deploying advanced tools such as Building Information Modelling (BIM) software.
Michelle Brown from UTS noted: “Through this partnership, we aim to create scalable solutions that address both housing affordability and environmental concerns.”
“Modular construction can reduce build times by up to 50% and cut costs significantly.
See: Hampton Accelerate
