ASIA BUSINESS OUTLOOK19DECEMBERSeri Panglima Dr Tang's tech-savvy approach. From using AI chatbots for automation to WhatsApp for real-time communication and demand-supply forecasting to optimize hotel rates, Goldstone Holdings uses a wide horizon of technology tools to streamline operations and enhance decision-making."In the long term, I see AI evolving to revolutionize the industry further. Future applications could include optimizing architectural designs, automating tendering processes, and planning project management tasks, including task sequencing. These advancements will significantly reduce both time and costs, driving greater efficiency and innovation in real estate development", adjoins Datuk Seri Panglima Dr Tang. On a personal level, Datuk Seri Panglima Dr Tang dedicates a significant amount of time to staying informed about industry trends, learning from peers, and empowering his team to handle operational challenges. In addition to optimized operations and project execution, staying ahead of market cycles requires a combination of rigorous market analysis, diversification, and agility. Goldstone Holdings closely monitors economic indicators, consumer behavior, and industry trends to anticipate shifts. During downturns, the company focuses on optimizing operations and strengthening partnerships to maintain stability. In prosperous times, it aggressively expands into high-growth markets and invests in innovative technologies. By maintaining such a balanced portfolio and fostering long-term relationships with global partners, Datuk Seri Panglima Dr Tang ensures the resilience and sustained growth of his company, regardless of market conditions. Developing a Coastal HavenGoing forward, the Malaysian real estate industry is hosting an array of transformative trends. The environmental, social, and governance (ESG) regulations are getting tightened, and new developments are expected to require mandatory compliance, especially in environmentally sensitive markets. On the flip side of the coin, consumers increasingly seek localized and immersive travel experiences, emphasizing cultural and environmental authenticity, not to mention the `technology-powered experience' demands. Goldstone Holdings is proactively aligning with these trends by integrating ESG principles into its projects, leveraging AI for smarter operations, and focusing on creating developments that offer unique, experiential value. "My focus remains firmly on Semporna, Malaysia, as I see its untapped potential to become a world-class travel destination akin to the Maldives. Our development efforts, including the Wyndham Semporna Resort, are tailored to position this coastal haven as a global hotspot for marine tourism. By blending premium accommodations with sustainable development, we aim to highlight Semporna's pristine beauty while fostering its growth as a premier eco-tourism destination", adds Datuk Seri Panglima Dr Tang. Datuk Seri Panglima Dr Tang also envisions the endeavors of Goldstone Holdings inspiring the industry to embrace excellence and innovation, ensuring that the team's contributions have a lasting, positive impact on communities and the environment. For the same reason, when we asked him about his advice to the budding entrepreneurs, he was happy to echo his thoughts. "My advice to aspiring leaders is to always focus on the long game. The real estate industry is inherently high-risk and cyclical, but those who succeed are the ones who build with vision and resilience. Understand your market deeply, take calculated risks, and create developments that anticipate future trends rather than reacting to current ones," says Datuk Seri Panglima Dr Tang. "This philosophy has guided me throughout my career, from launching Malaysia's first international mid-scale hotels to pioneering new developments in under-served markets. Every decision I've made has been rooted in a commitment to delivering value not just for today but for the generations to come", he concludes. My focus remains firmly on Semporna, Malaysia, as I see its untapped potential to become a world-class travel destination akin to the Maldives ASIA BUSINESS OUTLOOK19DECEMBER
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