Accelerating the Demand for Proptech in the Asia Pacific Region
ULI MEMBER–ONLY CONTENT: The global COVID-19 pandemic promises to accelerate the adoption of property technology (proptech), which lies at the intersection of the roughly $230 trillion global property sector and the nearly $3.4 trillion global technology sector, speakers said in early September during the virtual ULI Asia Pacific REimagine conference.
ULI MEMBER–ONLY CONTENT: The global COVID-19 pandemic promises to accelerate the adoption of property technology (proptech), which lies at the intersection of the roughly $230 trillion global property sector and the nearly $3.4 trillion global technology sector, speakers said in early September during the virtual ULI Asia Pacific REimagine conference. Bill Lee, cohead of technology and infrastructure at Hong Kong-based real estate investment firm Gaw Capital Partners, said that the pandemic has prompted more real estate companies to consider incorporating proptech into their operations. But he added that real estate companies “are still very viscous and slow.”Proptech fills a gap between the slower-paced real estate industry and the faster-paced tech industry, Lee said. “When there is a ga
