In September 2023, Hong Kong was hit by its heaviest rainfall on record—nearly 6.3 inches (160 mm) in a single hour. Link Asset Management’s Temple Mall North, like many other buildings, suffered severe flood damage. In response, the company invested in detachable flood barriers and Internet-of-Things (IoT) sensors to mitigate future risk. For Link’s bottom line, this resilience investment translated into an 11.7 percent reduction in insurance premiums.