Most full-stack proptech players in Singapore have remained focused on the residential property segment considering the burgeoning housing shortage, rapid urbanization and urban migration trends.
Favorable Investment Environment: Singaporean proptech companies Property Guru and Soho Property have increased their share capital in August by $146.9 Mn and $2 Mn, respectively. Meanwhile, Soho Property received its most recent funding round in March 2021 with total investment standing at $3.4 Mn and money coming from Bridge Lane Capital and Second Century Ventures.
Growing Industrial & Residential Markets: There is a massive demand for new properties, which is boosting the real estate sector. In Singapore, for example, the Urban Redevelopment Authority’s (URA) data showed that newly built private home sales went up by 82.2% in July 2020. About 56.1 Mn of gross floor area (GFA) of new industrial space is expected to come online between Q2 2021 to end 2024, with 45.7% of the new supply completed by 2021.
Rapid Population Growth: Singapore’s population is multiplying, currently standing at over 5.4 Mn people. Demographic data affects the real estate market through property-type demand and supply, pricing, migration, and investment. People are moving away from private areas and opting for shared office spaces, hotel stays, and co-living units and others due to increasing rent.
Increasing Smartphone Penetration: 88.5% of the Singapore population use the internet with 5.1 Mn Smartphone users in 2021. Over 50% of the current Singapore proptech market is influenced by the internet. This widespread digitization of the region alongside the deployment of 5G means proptech startups can seamlessly offer their real estate solutions to the public via mobile devices.
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
Request for Sample Report @
https://kenresearch.com/sample-report.php?Frmdetails=NTE1MTg3
Companies Covered:
Listings and Classifieds
- Property Guru Group
- SRX Property
- Carousell
- STProperty
- Mogul
- Greyloft
- 99.co
- MetroResidences
- OhmyHome
- Propseller
- EdgeProperty
Aggregators and Co-Living
- Cove
- Hmlet
- Easy City
- Login Apartment
- Figment
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
For more information on the research report, refer to below link:
Singapore Property Classifieds Market Statistics
Related Reports
Follow Us –
LinkedIn | Instagram | Facebook | Twitter | YouTube
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
