PropTech is revolutionizing APAC property market: GlobalData

Bangalore: Owing to high competition, over supply and tight margins, real estate developers in Asia-Pacific (APAC) are increasingly embracing new technologies, known as PropTech, to better engage customers, offer additional services and differentiate from the competition, according to GlobalData. The company forecasts the APAC real estate market to grow at 12.8% from 2017 to reach $2,543.5bn in 2022, riding on the back of the three largest markets by value—China, Japan and India. Historically property developers carried a strong brand, a track record and wielded significant influence in the decision making…

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