The Asia Proptech Report 2022
Proudly supported by Yardi, the Asia Proptech Report 2022 is now available for download.
Innovation in Asian Real Estate: Systems for a disrupted industry
Big data, artificial intelligence and business process automation may be real estate industry buzzwords, but property companies should start with small data. That’s the key takeaway from the latest Mingtiandi-Yardi proptech survey, which captured the insights of senior leaders from across Asia.
Why, when the data clearly shows a growing gap between the leaders and laggards, are some companies choosing not to invest? The simple truth is change is hard work. Resistance to change remains the biggest barrier to proptech adoption across the region, outstripping cost, resources, time or confidence. But the world has changed and real estate with it. Almost two-thirds (62%) of respondents to our survey noted a “significant” or “major” impact on plans for their workplaces following the pandemic, and 58 per cent observed the same level of impact on their portfolios.