Hong Kong: Interest in PropTech has been growing significantly, investment capital has poured billions of dollars into this market in the past few years where USD 75 billion since 2015 are invested and almost a third of that has been in 2019 alone.
In this huge and rapid growing market, companies who are offering solid services that helps reduce cost, increase profit and embrace cross boarder digital services in this post-pandemic age will achieve hyper-growth.
Limar (www.limar.co.jp) and CM2 (www.cm2.io) are one of those. Limar is a key player in Japan’s PropTech market, engaged with largest real estate companies such as Daiwa House Industry, Nomura Real Estate Urban Net and J-Rex Corporation, by its comprehensive digital services for brokers and developers about deals matching and property management.
CM2 property platform is facilitating real estate transactions through smart contracts and provides AI valuations for deal sourcing and real estate ROI improvement, who has strong customer and broker networks in multiple cities across North Asia.
Through this partnership, both companies will have exclusive access to each other customer base, property sources and technologies. It not only creates significant new revenue stream instantly for both companies, but also shorten the time-to-market of new services in new geographical locations – which is the most important factor to win market share in global competitive landscape.
“The partnership with CM2 will make our high quality and exclusive properties available for oversea buyers instantly through our integrated technologies, which is beneficial for both of our customers.” said Masayuki Akagi san, CEO of Limar Estate, who is also the Founder and Representative Director of Real Estate Tech Association for Japan, “Now, we have access to the strong customer network of CM2 in North Asia outside of Japan and, at the same time, we lead the way for CM2 to open up Japan market.” Oversea real estate investments are often hindered by the complicated legal and regulation process, the post purchase property management, transparency of cash flow and tenant communications.
“We integrated the purchase process with smart contract and track the cash flow from purchase to ongoing maintenance to taxation online.”
Ken Yim, CEO of CM2, emphasized, “This partnership allows us to provide excellent Online-to-Offline experience for our customers, and build a solid foundation to further grow the Asia market.”
Both companies will build deep integration between physical real estate services and online transactions across borders, aiming to facilitate trusted digital transaction, improve transparency and reduce cost for oversea real estate deals and its ongoing management. “Imagine purchasing overseas property is as simple as you order food online” Ken added, “This global health crisis is accelerating the digital evolution, especially for those who have been reluctant to embrace changes have realized that they have to now. It will be an exponential growth market for the years to come”.