Connect with us

Property

Property Technology: Disruptor or Enabler ?

Every day, technological innovations continue to transform the way we communicate, commute, consume and even compete

Boris Sullivan

Published

on

A candid overview of property technology and how it may eventually disrupt or enable the real estate industry. While technology offers boundless opportunities, there are still gaps in which technology cannot encroach

The buzzword for the real estate industry now is property technology, or proptech in short – with the various players trying hard to keep abreast on what advances it may bring. In Singapore, Prime Minister Lee Hsien Loong has reiterated that there is the need for Singapore to be a “smart nation”, using the latest technology to benefit the country, is about making life better for the people and more.

There are plans to bring the current piecemeal uses of technology into a cohesive, nationwide whole that will make Singapore’s economy more productive, our lives better, and our society more responsive to people’s needs and aspirations.

Every day, technological innovations continue to transform the way we communicate, commute, consume and even compete. Technology has enhanced globalisation, provided market transparency as well as expedited business processes; all areas which could benefit the property sector.

PROPTECH 1.0: THE EARLY DAYS

The first Proptech wave begun in the mid-1980s where computing power was applied to data and adopted for research, analytics and performance management. Examples include Argus, a real estate software solution for valuations, asset management and portfolio analysis.

Computing power also gave Investment Property Databank (IPD) the ability to organise and analyse data describing the performance of commercial property in the UK.

Subsequently, the emergence of the internet in the 1990s through to the early 2000s saw the widespread adoption and adaptation of the world wide web by business owners and consumers. Apart from search engines, online portals and databases also slowly found their way to businesses small and large.

Such services were made available via government portals (e.g. REALIS in Singapore) as well as via the private sector, where customisation can be provided to the end-user.

The internet has broken boundaries and casted a wider marketing reach for property professionals in the brokerage business. Launched in 2007, PropertyGuru was such a platform which enables property agents as well as property developers and owners to showcase their listings on a single online portal.

Source: Property Technology: Disruptor or Enabler? | CBRE

Comments

Property

Why air is becoming a hot investment

As rapid urbanisation takes hold, and the amount of available space shrinks, more cities are waking up to the value of their air.

Daniel Lorenzzo

Published

on

The questions of who owns the air above buildings has long been a hotly contested issue in metropolises like London, New York and Hong Kong.

(more…)

Continue Reading

Property

Record low sales rate hits Bangkok condo market

Bangkok hit a decade-long record for new condos entering the market, with 65,000 new units launched throughout 2018, but the sales rate fell to a 15.7% record low.

Olivier Languepin

Published

on

The sales rate for new condos launched in Bangkok in the second quarter fell to 15.7 %, an all-time low, beating the lowest previous quarter (35%) in 2010 when the “red shirt” political crisis brought Bangkok to a standstill.

(more…)

Continue Reading

Property

What’s top of mind for corporate real estate in 2019?

Flex isn’t just co-working, and it’s evolving rapidly. Companies both large and small are increasingly implementing new space concepts and flex models whilst also reimagining their existing workplace to be more agile and dynamic.

Daniel Lorenzzo

Published

on

Increasing alignment of corporate real estate’s (CRE) strategic goals with broader enterprise priorities is a key insight emerging from JLL’s top 10 CRE trends for 2019. 

(more…)

Continue Reading

Cart

Most Viewed

Events Calendar

« September 2020 » loading...
M T W T F S S
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
3
4

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,912 other subscribers

Latest

Trending