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Explore proptech and innovation in the real estate industry
The real estate industry is being transformed by a growing number of Proptech startups, offering new online marketing channels for property owners and estate brokers, optimizing the work of developers and constructors, automating property management, adding trackers to monitor buildings in real time etc.
These actions result in the improvement of the experience of the buyer or tenants with matching algorithms, more transparency on the property price to build trust again, or visualization tools leveraging on Virtual or Augmented Reality.
Real estate development is changing fast, with the emergence of a coliving trend in residential buildings, or coworking spaces in commercial properties. Investment in the sector has increased from $222 million in 2012 to $2,665 million in 2016 (CB Insights).
You want to:
• Get inspired by innovative and sustainable solutions to the main challenges faced by the real estate industry
• Enrich your vision on the future of real estate and what’s next in terms of property development, building, marketing and management
• Visit properties developed with the new trends such as co-living or co-working in mind, and integrating the latest technologies such as facial recognition, energy efficient systems or smart locks
• Improve the cohesiveness of your team for more effectiveness
• Embark your key stakeholders into your new vision of the world by offering them to participate in a learning experience designed to deliver on your messages
Where to learn from to get a glimpse of the future of real estate?
London, European proptech leader
The British capital has long been a hub for property developers and investors, remaining as one of the most traded property markets in the world, continuing to offer opportunities to investors, landlords and developers. It’s also no secret that London is well-established as a technology hub.
Tech experts agree to say London is the leading city in Europe when it comes to the usage of technology in the built environment (Osborne Clarke). With more than 700 startups in categories Real Estate, Facility Management, Energy Efficiency, Energy Management and Construction, London is a clear leader in Europe in real estate innovation.
For example, Proportunity helps first-time buyers get on the property ladder by using machine learning to forecast the future value of a property and then letting buyers borrow against the estimate. The company has been incubated by the Google Campus London Machine Learning residency program to bring this idea to market as a shared equity loan. They have now raised a total of $1.7 million in seed funding for their startup and gained FCA-accreditation to operate as a mortgage lender.
Singapore, a smart approach of real estate
Singapore is the most advanced market for the proptech industry in Asia, which is partly fueled by the government’s Smart Nation initiative. Real estate tech in Singapore and the companies in proptech sector aim to provide end-to-end solutions for property sellers and buyers, including management and paperwork.
The technologies that are doing wonders here range from virtual agents to 3D modeling and printing, use of VR and AI for virtual tours, Big Data and analytics, robotics and very evidently IoT (Internet of Things) for making a home as well as the country smart.
Proptech companies in Singapore vary from crowdfunding websites to smart building firms, property search engines, market research companies, asset management companies augmented reality service providers and video analytics solution providers to track human traffic in retail malls.
According to Crunchbase, there are circa 181 real estate / proptech startups in Singapore. However, the leading Singapore-based real estate company remains CapitaLand.
CapitaLand is one of Asia’s largest real estate companies headquartered in Singapore. It is an owner and manager of a global portfolio comprising integrated developments, shopping malls, lodging, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 160 cities in over 30 countries, the Group focuses on Singapore and China as core markets while it continues to expand in markets such as Indonesia and Vietnam. Last year, CapitalLand launched The Funan mall,
REALly, a successful Singapore-based startup, created Singapore’s first integrated project management, e-tendering and open marketplace solution for landlords and tenants, PMs and vendors within the real estate industry, to help them coordinate the numerous tasks that are often part of their projects such as office renovations, outfitting of retail stores and condominium and facilities management. The goal of the service is to promote price transparency among the suppliers and contractor through open bidding and ratings.
Ohmyhome is an other great example of how the real estate market is evolving. The proptech startup is today the most highly-rated property agency in Singapore. Their advanced technology makes it simple for people wishing to sell their property by performing DIY transactions. Ohmyhome also offers benefits and services such as fixed-rate agent services, as well as on-demand mortgage and legal services.
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