Singapore Proptech Market Revenue, Size | Real Estate Market Singapore

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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