Top 10 Proptech

Singapore, a popular Fintech city, is also home to a number of Proptech firms, that combines both their property dealing and technology to give people a wholesome real estate experience. Swanky offices of leading global tech and finance titans in Singapore make the city a key destination for PropTech industries to flourish in.

Here is a list of the Top 10 emerging PropTech startups in Singapore :

1. BitofProperty

BitOfProperty

BitOfProperty is an alternative real estate investment and crowd-funding platform, where one can buy & sell shares in real estate. All properties are rented out, which helps people earn passive income every month in the form of the rent that they receive.

Karl Vaan and Timo Kaus founded the startup in July 2017.

Karl Vaan, Founder of BitOfProperty

BitOfPropety’s aim is to enable everyone to invest in real estate. They want to remove the limitations and challenges faced by common people by creating a platform where everyone can benefit from real estate proprietorship. They make use of the blockchain technology.

The startup is backed by leading real estate platform in Japan, LIFULL Co. Ltd. and a startup incubator based in Singapore called Spaze Ventures. It secured pre-seed funding from Spaze Ventures followed by an undisclosed sum in seed funding from LIFULL in 2018.

2. Spaceship

Spaceship is a logistics and real estate based startup that provides on-demand storage services. They are building co-warehousing, co-fulfillment, on-demand warehousing and services. They mainly work with real estate, common people, entrepreneurs, small businesses and large companies. They also help relocate, provide space for e-commerce businesses and are soon going to launch a market place for warehouse space and fulfillment services.

Spaceship

Their services can be easily accessed by firstly signing up on their website and then subscribing to the preferred storage plan. A scheduled time has to be chosen so that their in-house movers come with boxes, stretch films, corrugated board and more to safely move your items to storage. The items are stored in their secured storage facility, with 24/7 surveillance and no access to the public. Return of a few or all of your belongings can be requested and they will have them at your doorstep within 72 hours.

Spaceship was founded in 2014 by Yeo Zhi Wei. Three weeks after going live in 2015, it secured 35 private customers and 3 corporate clients, a prominent growth in terms of making progress.

Funding

  • SUPPLY Chain Angels (SCAngels), the corporate venture arm of Singapore-headquartered YCH Group, invested an undisclosed seven-figure amount in Spaceship in March 2017.
  •  The startup had secured an undisclosed seed investment from Ardent Capital in November 2014.

3. Propseller

Propseller

Propseller is a Proptech startup that provides one with a full time property agent to help sell one’s property. They provide assurance to work with a top seller in your area, give property pricing report designed by Propseller’s valuation team, provide professional pictures, floorplan and brochures, finest quality of online & offline exposure to buyers, weekly progress reports that are accessible online and charge just half of the fee as compared to traditional real estate platforms.

Adrien Jorge, a real estate investor founded Propseller in 2018.

Special measures taken by the Propseller team in COVID-19 are :

  • Virtual Meetings that provide a free valuation and discussion on a video-call with one of their Real Estate Consultants.
  • Virtual Viewings where every property listed by Propseller gets a full 3D scan allowing virtual viewings.
  • Digital Signatures where one can sign legally binding digital contracts from the comfort and safety of their home.
  • Funding: Propseller secured an Sg$1 Million seed funding from local entrepreneurs Yang Bin Kwok (founder of Zopim) and Erwan Mace (founder of Muslim Pro) and real estate industry veteran Yvan de Rham (former Chairman of Sotheby’s International Realty for Switzerland) in December 2018.
  • Propseller was named among the TOP 100 Startups of Asia 2018.

4. Ohmyhome

Ohmyhome

Ohmyhome is Singapore’s leading property transaction ecosystem. The startup was founded in September 2016 by sisters Rhonda Wong and Race Wong. The startup provides a One-Stop Solution for all your housing needs such as DIY, Agents, Mortgage, Legal, and a 24/7 Platform. They assist home buyers, sellers, landlords and tenants. When you need any help with your home. They constantly work upon enhancing their technology and customer service to simplify the user’s experience. Services offered: DIY Platform (free), Agent Services, Mortgage Advisory (free), Legal Aid. 

Rhonda Wong and Race Wong, founders of Ohmyhome

Till date, 5,300 homes have been transacted through Ohmyhome in Singapore and Malaysia, which represents a combined value of over Sg$1.6 Billion. They are also located in Philippines.

Funding : Ohmyhome raised US$2.93 Million in Series A funding led by Golden Equator Capital and K3 Ventures in 2018.

Rhonda Wong, CEO has won the Singapore’s Rice Bowl Awards Founder of the Year in 2019.

5. GorillaSpace

GorillaSpace

GorillaSpace helps businesses find flexible workspaces, meeting rooms, and venue spaces. They are located in Singapore, Tokyo and Hong Kong.

The startup was founded by Ginny Eckblad and Ben Eckblad in 2017.

Ginny Eckblad and Ben Eckblad, founders of GorillaSpace

Their online platform helps businesses find hundreds of verified office spaces such as Coworking spaces, Serviced offices, Co-sharing spaces, Shared Office spaces, Surplus space, Long Term space, Event spaces, Meeting Rooms, and Training Rooms. Users can also get the real sense of the space through GorillaSpace’s 3D like 360º Panoramas and High-Quality Pictures. The price matches the spaces to give the best price.

Funding: The startup raised seed investment from Tokyo-listed real estate developer Mitsubishi Estate Company (MEC) in 2019.

6. MetroResidences

MetroResidences

MetroResidences is a digital apartment rental service in Singapore. They provide a hassle free and transparent way to lease a home. They rely on technology and human-centered customer service to make renting simple, legal and paperless. They provide accurate and realistic photos of homes so that users can book them confidently. Virtual tours are also given. Their apartments are sparkling clean and sanitation and hygiene is their topmost priority. Users can view, enquire and complete their booking online in the shortest time.

Photo of a house available on rent on MetroResidences’ platform

The startup was founded in 2014 by Lester Kang and James Chua. Their clients include Oracle, Airbus, Continental, Maersk, Sembcorp, Scoot, Heineken, among others.

Funding :

a) MetroResidences secured US$2.8 Million from Rakuten in 2017.

b) It had raised US$0.71 Million from 500Startups in 2016.

7. Hometrust

Hometrust

Hometrust is a proptech startup that provides reviews to homeowners in hiring design firms. They give unbiased customer feedback and latest interior design ideas from the best interior designers to people looking to renovate their homes. Their reviews are highly authentic and trusted in Singapore which helps users choose the right interior design to beautify their home.

The startup was founded in 2017 by Peter Kilesi and Jasmin Chong. It has not received any funding yet.

8. Panopedia

Panopedia

Panopedia is a property portal that focuses on 360º Panotours for property advertising. Initially known as Panoleh, they offer affordable 360º virtual tours for prices as low as 50 Cents per Panotour. The startup is owned by Clover and Dime Pte Ltd and its founder is Randy Png.

The startup began its journey in 2015 when 360º tour builders were non-existent. They used to create 360º tours for properties, but the process was very slow and tiresome. Therefore, they decided to build a simple drag and drop 360º Virtual Tour builder which was launched in 2016. They have developed over 10,000 Panotours and 75,000 Pano360° Scenes have been uploaded by their users from all over the world ever since they have launched. Panopedia may be accessed through a monthly subscription plan, of which there are 3 tiers, from Sg$8 per month for five PanoTours to Sg$19 a month for up to 25 PanoTours and Sg$25 a month for 100 PanoTours.

Panopedia

Their roster of clients includes popular firms like Savills, Huttons, PropNex, SLP International, Century 21 and ERA.

9. Greyloft

Greyloft

Greyloft is an online real estate agency that was launched in 2014 and provides a listing of licensed property dealers in Singapore. Greyloft combines online decision making tools with a team of in-house licensed property brokers to enable smart renting and buying decisions in customers. Archit Agarwal and Sid Narayanan are the founders of Greyloft.

Online tools are created to help customers through the development of the rental process starting from online research to paperwork and post move-in support. Offline services include a devoted team of licensed in-house property agents who assist customers in selecting properties, coordinating viewings, negotiating terms and moving in. The service currently covers rentals in the Singapore private residential market but will soon expand to include sales as well.

Funding : Greyloft obtained a seed funding of US$1.1 Million from DSG Consumer Partners, Wavemaker, Cub Capital, Tigris Capital and JFDI.

Greyloft

10. Really

Really Singapore offers a project management software consisting of organization and tendering features for property dealers and managers. Their goal is to promote more efficient paperless procurement processes.

Really

One can plan their projects using pre-set templates and other guides to gain clarity on them. They also help set up tenders under just 5 minutes and give access to an extensive network of vendors easily. RFQ’S (Request for Quotation) can be managed efficiently and comparison of bids can also be done. The software efficiently helps users  gain increased visibility on their project status.

Data can be used to review, reference, report as well as estimating future project timelines or benchmark quotations. They have executed 800+ projects and 2200+ tenders and have 3000+ retailers. The startup was founded in 2017 by Joerg Zeugner. Their list of clients includes Cushman & Wakefield, Colliers International, Savills, Knight Frank, Faithful Gould, and many more.

Funding: The startup secured US$0.35 Million seed funding from strategic advisory Huntington Partners and angel investors in 2019.

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Aishwarya writes about the startup ecosystem on VCBay. She is a third-year Computer Science engineering student who looks forward to exploring the world of startups and finance.

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