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The COVID-19 pandemic has driven a surge in adoption of information systems by real estate companies in Asia, according to a proptech study released today by Mingtiandi.com, the region’s leading property news source.
Nearly three-quarters of the real estate professionals surveyed for the study said their firms were either reviewing or considering launching a formal review of their use of information systems in response to the public health crisis. And that rethinking is already being translated into action, with 60 percent of respondents saying their companies are implementing new technology or enhancing the use of existing systems.
“The COVID-19 pandemic has not only highlighted vulnerabilities in existing business processes, but has also given real estate developers and investors in Asia fresh incentives to adopt online systems which are central to the proptech evolution,” said Mingtiandi founder Michael Cole, who authored the study.