Technology has helped in many ways, in any business, to thrive in these unprecedented times. It is no exception for the real estate industry.
Technology in property, proptech 一 allows property owners, managers, and landlords to manage their assets with more efficiency, ease, and flexibility.
The Use of AI (Artificial Intelligence) for: 1*
Instant property valuations and rent estimations
Keeping track of the changes in the property conditions itself
Changes in the economic climate and
Evaluating population movements and trends
The Use of Big Data / Blockchain 1* 2*
Big data or blockchains particularly improve transparency. Various tools can help people to track their property transactions at the touch of a button.
Proptech in Asia
With the rapid urbanisation, development and innovation in Asia, the real estate industry is also adapting and growing with technology. In fact, more Asia property professionals have more confidence with the proptech in Asia now.
Source: https://www.mingtiandi.com
Funding for Proptech 3*
According to a research commissioned by JLL, with data compiled by Tech in Asia, it shows that funding for property technology start-ups in SEA is second highest in Asia-Pacific in 2019.
As we see proptech take off, it’s important to remain open minded to change and proactive. Embracing new tools will help us to adapt better and faster.
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