Key Findings
- Technology has been increasingly becoming an attractive asset for property owners, potential real estate investors and tenants looking for an efficient and secure opportunity in the Commercial Real Estate segment (CRE).
- VR and augmented reality (AR) technologies to offer immersive viewing experience, especially when the buyer or property is overseas.
- Portals are increasing trust, credibility and accountability via background checks of projects, builders and agents, scanning and weeding out of duplicate listings, etc.
Growth of Residential & Commercial Demand: Rising disposable income and migration, increasing loans availability & initiatives like Smart cities for industrial properties are ensuring that residential and commercial real estate continues to dominate the online market. Major online horizontal classified and retail players are looking to focus on this segment due to large market size, fragmented present state and opportunity of obtaining higher share of customer wallet
Going Niche: Going forward, the portals will have to take into consideration the niche segments to get a larger share of the market and get more people online. Portals may get into segments like luxury homes, short-term rentals, only rentals, only buying, etc. with disruptive and well-differentiated offerings
Tech Adoption: Focus on analytics to provide market intelligence and information to customers.
Technology enablement such as virtual walkthroughs, drone-based views, 360-degree views etc. to encourage customers to transact online. Three forms of technologies: Blockchain, AR and AI in Singapore are being adopted by startups, global corporations and the government.
BIM gaining traction in construction sector: Building information modelling (BIM) is a 3D process that plays a pivotal role in a construction project – allows for more collaborative, cost-effective and efficient processes throughout the design, construction and implementation stages of a building.
The report titled “Singapore Property Classifieds Market Outlook to 2026- Driven by Consumer Preferences and investments from VCs along with Exponential growth of smartphone penetration” provides a comprehensive analysis of the potential of Proptech industry in Singapore. The report covers various aspects including the current real estate scenario and rental rates in Singapore, revenue generated from Singapore Proptech market, its segmentations viz Business Model, By Rent and Sale, By Revenue Sources (Fee for Listings and Advertisements), By Region (District 19, District 23, District 27 and Others), revenue models, major trends and development, issues and challenges, technological advancements and competition analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.
Key Segments Covered in Singapore Proptech Market:
By Business Model
- Listings and Classifieds
- Aggregators and Co-Living
By Rent and Sale
- Sale
- Rent
By Revenue Sources
- Fee for Listings (include subscription packages and commission)
- Advertisements
By Region
- District 19
- District 23
- District 27
- Others
Key Target Audience
- Proptech Companies
- Real Estate Developers
- Brokers
- Property Consultants
- Industry Experts
Time Period Captured in the Report:
- Historical Period: 2015-2020
- Forecast Period: 2020-2025
Companies Covered:
Listings and Classifieds
- Property Guru Group
- SRX Property
- Carousell
- ST Property
- Mogul
- Greyloft
- 99.co
- Metro Residences
- Oh my Home
- Prop seller
- Edge Property
Aggregators and Co-Living
- Cove
- Hmlet
- Easy City
- Login Apartment
- Figment
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Key Topics Covered in the Report
- Overview of Singapore Proptech Market
- Ecosystem of Major Entities in Singapore Proptech Market
- Business Cycle and Genesis of Singapore Proptech Market
- Singapore Proptech Market Size, 2015-2020
- Singapore Proptech Market Segmentations
- Competition Analysis: Market Share of Major Listings and Classifieds and Major Aggregators & Co-Living Companies
- SWOT Analysis in Singapore Property Classified Market
- Revenue Models in Singapore Proptech Industry
- Growth Drivers and Restraints in Singapore Proptech Market
- Technological Advancements in Singapore Proptech Market
- Impact of COVID19 in Singapore Property Classified Market
- Key Trends in Singapore Proptech Market
- Outlook and Future Projections for Singapore Proptech Market
- Future Market Segmentation by Business Model and Revenue Sources
- Recommendations / Success Factors
- Research Methodology
- Appendix
For more information on the research report, refer to below link:
Singapore Property Classifieds Market Research Report
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