Singapore Proptech Market is expected to grow at a massive rate of 30.1% CAGR during 2020-2025 providing a lucrative opportunity for Proptech investors: Ken Research
GURUGRAM, India, April 12, 2022 /PRNewswire/ --
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
Request for Sample Report @ https://kenresearch.com/sample-report.php?Frmdetails=NTE1MTg3
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
- Business Cycle Singapore Proptech Market
- Commercial property Singapore
- Competition Scenario Singapore Proptech
- COVID 19 Impact Real Estate Market Singapore
- Covid-19 Impact Singapore Property Classifieds Market
- Proptech Market SRX Property Market
- Potential Opportunities Singapore Real Estate Market
- Property Guru Singapore
- Property Guru Singapore Market Share
- Proptech Market in Singapore
- Proptech Potential Market in Singapore
- Real Estate Classified Market in Singapore
- Proptech Market Size Singapore
- Singapore Aggregators and Co-Living Market
- Singapore Co-Living Market Share
- Singapore Listings and Classifieds Market
- Singapore Listings Classifieds Market Share
- Singapore Aggregators Market Share
- Singapore Property Classifieds Industry Report
- Singapore Property Classifieds Market
- Singapore Property Classifieds Market 2021-2030
- Singapore Property Classifieds Market Analysis
- Singapore Property Classifieds Market Competition
- Singapore Property Classifieds Market Forecast 2021–2030
For More Information on the research report, refer to below link:-
Singapore Property Classifieds Market Research Report
Related Reports:-
UAE's real estate market is currently in its mature stage. The period during 2013-2016 was marked by a steady stream of supply, owing to the increasing GDP and increased demand in the market. Heightened rents led to a decrease in demand due to lacking affordability of the citizens and expatriates during 2014-2015. After the 2014 oil shock, the government has been actively attracting Foreign Direct Investment and expatriates to the UAE in order to diversify its economy away from oil generated revenues. The UAE Government launched the "Vision 2021" plan, for the economic and social development of the country. From 2017 and onwards, the total number of international players in each respective submarket increased. Newer segments such as townhouses, and co-working spaces, smart and green buildings gained traction in the market.
Philippines, with a population of 109.5 Mn in 2020, is one of the most lucrative and fastest growing economies in ASEAN. Philippines Real Estate is experiencing a digital wave sweeping across its value chain, disrupting how buyers and sellers interact with one another. Philippines property classified market is growing at a double digit CAGR of 20.3% (2015-2021), with majority of the property classified companies providing smooth & seamless digital integration successfully. Most full-stack property classified players in Philippines have remained focused on the residential property segment considering the burgeoning housing shortage, rapid urbanization and urban migration trends despite Covid-Impact. A number of developers are offering extended payment terms, lighter down payment schemes, and waived reservation fees with a limited time offers, which financially prepared buyers are taking advantage of. The focus on sustainability, affordability, and comfort has shown emerging trends among real estate developers' recently completed developments and pipelined projects. However, the industry is highly vulnerable to fraud due to its complex nature, reliance on technology, and interaction between stakeholders and third parties. Companies such as Lamudi, DotProperty & Hoppler are poised to capitalize on current pain points in Philippine's property classifieds market.
Thailand, with a population of 66.2 Mn in 2021 and being the 2nd Largest Economy in Southeast Asia region, Thailand Real Estate is experiencing a digital wave sweeping across its value chain, disrupting how buyers and sellers interact with one another. Consumers are not just bound to explore the buying/ renting options through digital platforms but are interested in other residential services as well. Overall, there is an increased interest in using online platforms to buy/rent a home. Additionally, the current pandemic has presented consumers as well as developers with a unique opportunity to put their trust in digital platforms. Thailand is the emerging market for Property Classified in ASEAN growing at CAGR of 21.7% during 2015-2021. Most full-stack Property Classified players in Thailand have remained focused on the low rise residential property segment considering the burgeoning housing shortage, rapid urbanization and urban migration trends. A number of developers are offering extended payment terms, lighter down payment schemes, and waived reservation fees with a limited time offers, which financially prepared buyers should take advantage of. However, the industry is highly vulnerable to fraud due to its complex nature, reliance on technology, and interaction between stakeholders and third parties.
Malaysia, with a population of 32.7 Mn in 2021 and being the 2nd Largest Economy in Southeast Asia region, is experiencing a digital wave sweeping across its real estate value chain, disrupting how buyers and sellers interact with one another. Consumers are not just bound to explore the buying/ renting options through digital platforms but are interested in other residential services as well. Additionally, the current pandemic has presented consumers as well as developers with a unique opportunity to put their trust in digital platforms. Malaysia is the emerging market for Property Classified in ASEAN growing at CAGR of 19.2% during 2015-2021. Most full-stack Property Classified players in Malaysia have remained focused on the low rise residential property segment considering the burgeoning housing shortage, rapid urbanization and urban migration trends. A number of developers are offering extended payment terms, lighter down payment schemes, and waived reservation fees with a limited time offers, which financially prepared buyers should take advantage of. However, the industry is highly vulnerable to fraud due to its complex nature, reliance on technology, and interaction between stakeholders and third parties.
Taiwan Online Advertisement Market is mounting and currently placed in growth phase witnessing fragmented market competition faced by advertising agencies. The market is well regulated and the consumers are well versed and updated with the ongoing trends. Taiwan has been considered as the link joining the developed countries of the west with the developing markets of the East. TV ads had held the top most channel rank in terms of reaching out to the consumer masses. Within Taiwan, television ads have been long associated with imprecise targeting. Advertisement firms and organizations have been trying to find a sustainable replacement of the TV medium. At the same time, the masses started to move from the unappealing and low-quality TV content to the digital platforms. It has been estimated that approximately 95% of Taiwanese used Facebook during the year 2018 which stands to prove the reach of the social media platforms in the country. Online activities have become one of the favorite past-time of the population. Online advertisement market in Taiwan was observed to showcase rapid year on year growth in terms of ad expenditure during the review period 2013-2018. The consistent double digit growth was majorly due to the fact that internet and digital advertising started outstripping the traditional medium of advertising in terms of better customer penetration ratio or customer conversion than traditional methods with an added advantage of better monetization and ad reach measurement tools. Hence, the market grew at a strong CAGR of close to 23% during 2013-2018.
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
support@kenresearch.com
+91-9015378249
Logo: https://mma.prnewswire.com/media/661352/Ken_Research_Logo.jpg
Share this article