The exponential growth of real estate here makes way for real estate tech in Indonesia or as the startup world calls it #Proptech
JAKARTA, JAKARTA, INDONESIA, March 16, 2018 /EINPresswire.com/ — In this exclusive article on the state of #PropTech in Indonesia, Yostartups, a global startup Pre Accelerator, looks at the rise of Real Estate Tech in Indonesia and how it is shaping the entrepreneurial scene in that country. This is a good starting point for entrepreneurs & Investors looking to be a part of the Real Estate Tech business in Indonesia.
Summary of the article – Real Estate Tech in Indonesia
It is not news that Indonesia is currently enjoying favored attention from the global tech giants like Facebook, Twitter, and YouTube. Indonesian startups, as well as foreign companies alike, want to take advantage of the country’s increasing Internet user base. This interest, combined with the interest in residential properties, has ensured that the Indonesian real estate market soars. The real estate market has boomed rapidly in the recent years in Indonesia, especially in big cities like Jakarta. This country was also ranked third in the Asia Pacific for real estate investments, as per a survey by the Urban Land Institute.
Indonesia is deemed to be the next powerhouse by 2030 and everyone wants their share in it. The booming IT sector has given way for technological innovations and advancements in many sectors there, providing unique solutions to a local problem, and even reinventing the wheel in the proptech or the sector of real estate tech in Indonesia. While the technology landscape of this country is still at its developing stage, fast thinkers are helping change the real estate tech in Indonesia.
Real Estate Scenario in Indonesia
Within the BSD City of Indonesia, construction is on in full swing for a so-called digital park where the tenants of the office park will have access to high tech facilities like 3D printing, studio for VR content, as well as onsite data centers. This is also the area where Apple is building its first research and development center. As compared to the metropolitan cities of the world where high rise towers have slowed down, Indonesia is building with full gusto. Real estate developer Lippo Group announced its own massive urban development project Thursday: a 278 trillion rupiah ($20.9 billion) industrial township near Jakarta, known as Meikarta. A core element of the project has been dubbed Indonesia’s Silicon Valley.
These developments are enough to show the growth of this sector and its way ahead. The exponential growth of real estate here makes way for real estate tech in Indonesia or as the startup world calls it #Proptech. Another interesting factor that adds to real estate tech in Indonesia is the demand for rental and vacation housing in locations like Bali and Jakarta.
Read the complete article on the Yostartups website – https://yostartups.com/real-estate-tech-indonesia/
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Source: EIN Presswire