The world’s property is valued to be 12 times the GDP of the U.S., and with Proptech, the real estate industry is now experiencing an innovation wave that could send it to new heights. With the current global pandemic crisis, Proptech companies have major opportunities awaiting them. From air sensors to contactless building management, Proptech will play a great role in assisting residents and property managers during the COVID-19 situation, while offering value that was unheard of until a few months ago.
Proptech is evolving rapidly and changing the way property owners buy, sell, and interact with their properties. By utilizing technological advancements like big data, property managers and owners can keep track of their building systems in real-time, which enables proactive maintenance.
On the other side, virtual reality and augmented reality are making online searches and the experience of buying homes, more exciting and accessible. Realtors can now facilitate VR tours of properties that can be checked out by buyers without the need to step out of their homes. Technologies like IoT and the promise of 5G will go beyond smart homes and step up to create smart buildings and smart cities that are constantly connected, sending and receiving data.
Overall, these are exciting times for the Proptech sector with the proliferation of AI, ML, VR, AR applications and the adoption of cloud and IoT. With that in mind, this edition of APAC CIOoutlook features some of the top-notch Proptech solution providers that are changing the face of real-estate in the APAC region.
We present to you APAC CIOoutlook’s, “Top 10 PropTech Solution Providers - 2020.”