Property News · August 26, 2020

Chinese real estate firms to increase proptech budget, bet on innovation to fight Covid-19, reduce costs: survey


More than half of mainland Chinese property companies are likely to increase their budget for proptech by as much as 30 per cent in the next two years, reflecting their changing attitudes towards innovation amid greater risks brought on by the coronavirus pandemic, a survey has found.A JLL survey of 230 proptech companies, real estate and professional organisations found that more than 55 per cent were likely to raise their allocations for proptech between 10 and 30 per cent, compared to 37 per…

Source : South China Morning Post
Read more…Chinese real estate firms to increase proptech budget, bet on innovation to fight Covid-19, reduce costs: survey

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