{"id":211666,"date":"2021-01-19T14:53:02","date_gmt":"2021-01-19T06:53:02","guid":{"rendered":"http:\/\/www.mingtiandi.com\/?p=211666"},"modified":"2022-08-15T14:54:03","modified_gmt":"2022-08-15T06:54:03","slug":"covid-19-accelerates-proptech-adoption-in-asia-watch-on-mtd-tv","status":"publish","type":"post","link":"https:\/\/www.mingtiandi.com\/real-estate\/events\/past-events-real-estate\/covid-19-accelerates-proptech-adoption-in-asia-watch-on-mtd-tv\/","title":{"rendered":"COVID-19 Accelerates Proptech Adoption in Asia: Watch on MTD TV"},"content":{"rendered":"<div class=\"container-lazyload container-vimeo js-lazyload--not-loaded\"><a href=\"https:\/\/player.vimeo.com\/video\/502046787?h=31b075f2c0\" id=\"502046787\" class=\"lazy-load-vimeo preview-lazyload preview-vimeo\" data-video-thumbnail=\"https:\/\/i.vimeocdn.com\/video\/1038788777-057f07087ffc140b0a6d9af52c9132bd30e99f23f714313097f938b3ddcaa828-d_295x166\" data-video-title=\"Mingtiandi Asia Proptech Forum 2021: COVID-19 Accelerates a Trend\" title=\"Play video &quot;Mingtiandi Asia Proptech Forum 2021: COVID-19 Accelerates a Trend&quot;\">https:\/\/player.vimeo.com\/video\/502046787?h=31b075f2c0<\/a><noscript>Video can&#8217;t be loaded because JavaScript is disabled: <a href=\"https:\/\/player.vimeo.com\/video\/502046787?h=31b075f2c0\" title=\"Mingtiandi Asia Proptech Forum 2021: COVID-19 Accelerates a Trend\">Mingtiandi Asia Proptech Forum 2021: COVID-19 Accelerates a Trend (https:\/\/player.vimeo.com\/video\/502046787?h=31b075f2c0)<\/a><\/noscript><\/div>\n<p>The COVID-19 pandemic has driven a surge in adoption of information systems by real estate companies in Asia, according to a proptech study released today by Mingtiandi.com, the region\u2019s leading property news source.<\/p>\n<p>Nearly three-quarters of the real estate professionals surveyed for the study said their firms were either reviewing or considering launching a formal review of their use of information systems in response to the public health crisis. And that rethinking is already being translated into action, with 60 percent of respondents saying their companies are implementing new technology or enhancing the use of existing systems.<br \/>\n<a href=\"https:\/\/www.mingtiandi.com\/real-estate\/download-tech-adoption-in-asian-real-estate\/\"><img decoding=\"async\" class=\"aligncenter wp-image-211686 size-full\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/01\/get-the-report-button.jpg\" alt=\"get the report\" width=\"250\" height=\"122\" \/><\/a><br \/>\n\u201cThe COVID-19 pandemic has not only highlighted vulnerabilities in existing business processes, but has also given real estate developers and investors in Asia fresh incentives to adopt online systems which are central to the proptech evolution,\u201d said Mingtiandi founder Michael Cole, who authored the study.<\/p>\n<p>The results of the study, which marks one of the few independent quantified surveys of proptech in the region, have been summarised in \u201cTech Adoption in Asian Real Estate: The Pandemic Drives Innovation\u201d, a report launched today in an online event hosted on Mingtiandi\u2019s MTD TV online video channel.<\/p>\n<h3>Asia Catches Up in Proptech<\/h3>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 33%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div data-carousel-extra='{\"blog_id\":1,\"permalink\":\"https:\\\/\\\/www.mingtiandi.com\\\/real-estate\\\/events\\\/past-events-real-estate\\\/covid-19-accelerates-proptech-adoption-in-asia-watch-on-mtd-tv\\\/\"}' id='gallery-1' class='gallery galleryid-211666 gallery-columns-3 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2020\/12\/claire-cormier-thielke-e1628692251967-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Claire Cormier Thielke, Managin Director, Asia Pacific, Hines\" aria-describedby=\"gallery-1-206828\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2020\/12\/claire-cormier-thielke-e1628692251967-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2020\/12\/claire-cormier-thielke-e1628692251967-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2020\/12\/claire-cormier-thielke-e1628692251967-250x250.jpg 250w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-206828'>\n\t\t\t\tClaire Cormier Thielke, Managing Director, Asia Pacific, Hines\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2020\/12\/Charlie-Kuntz_square02-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Charlie Kuntz, Innovation Officer, Hines\" aria-describedby=\"gallery-1-206681\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2020\/12\/Charlie-Kuntz_square02-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2020\/12\/Charlie-Kuntz_square02-90x90.jpg 90w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2020\/12\/Charlie-Kuntz_square02.jpg 330w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-206681'>\n\t\t\t\tCharlie Kuntz, Innovation Officer, Hines\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2019\/03\/bernie-devine-e1578999261419-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Bernie Deveine yardi\" aria-describedby=\"gallery-1-38326\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2019\/03\/bernie-devine-e1578999261419-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2019\/03\/bernie-devine-e1578999261419-90x90.jpg 90w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-38326'>\n\t\t\t\tBernie Devine, Regional Director, Asia Pacific, Yardi\n\t\t\t\t<\/dd><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n\n<p>By following up on a 2017 proptech survey by Mingtiandi, the report was able to track changes both in adoption of systems and of attitudes among real estate professionals in the region, with a major shift taking place in perceptions of how Asia\u2019s technology adoption compares with that of Western nations.<\/p>\n<p>Across the region, 30 percent of respondents to the survey saw Asia leading the way in adopting real estate technology, compared with just 12 percent three years ago. Professionals residing in mainland China, where local tech giants have been rapidly growing in scale, were the least likely to see Asia as lagging behind other regions, with only 6 percent of respondents based in the country saying the region is trailing the West.<\/p>\n<p style=\"text-align: center;\"><div style=\"margin-left: auto; margin-right: auto; text-align: center; \" id=\"mingt-40027846\"><a data-no-instant=\"1\" href=\"https:\/\/www.yardi.asia\/Resource\/?resource=Technology+Transformation+in+Asian+Real+Estate+%28White+Paper%29&#038;utm_source=mingtiandi&#038;utm_medium=website&#038;utm_campaign=wp23ttare\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Yardi &#8211; Asia Proptech Report 2023 v4_320\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/Yardi-Asia-Proptech-Report-2023-v4_320.gif\" alt=\"\"  width=\"320\" height=\"320\"  style=\"display: inline-block;\" \/><\/a><\/div><\/p>\n<p>\u201cThe rapid growth in the scale of the real estate market, combined with ongoing improvements in tech systems, has been leading decision-makers in Asia to move more of their business processes online,\u201d Cole said. \u201cThe advantages in managing data, and increasing competition among real estate developers and investors in the region, have pushed aside much of the traditional resistance to adopting new systems.\u201d<\/p>\n<h3>Tracking a Growing Asset Class<\/h3>\n<p>During the launch event, Mingtiandi\u2019s founder was joined by Bernie Devine, regional director for Yardi, which sponsored the survey and the report. Devine sees the increase in proptech adoption as driven in part by the growing importance of real estate as an asset class in the portfolios of institutional investors.<\/p>\n<p>\u201cInstitutions that are investing with the indexes are used to real-time data from equities and other markets, and they want the same in real estate,\u201d he said.<\/p>\n<p>Also helping to introduce the report were Claire Cormier-Thielke, managing director for Asia Pacific with US developer Hines, and her colleague, innovation officer Charlie Kuntz. Cormier-Thielke saw the extensive use of WeChat and other apps in Asia as changing the ways that office workers interact with their workplaces, and with each other.<\/p>\n<p>&#8220;What we&#8217;ve seen here in Asia, with a building entry experience that includes both a human experience and interaction and a technological interaction, it&#8217;s moved over to the West for sure and has been accelerated by COVID but is very much part of the DNA here in Asia,&#8221; Cormier-Thielke said. &#8220;Tenants expect it, and so it certainly continues to push us.&#8221;<\/p>\n<p style=\"text-align: center;\"><div style=\"margin-left: auto; margin-right: auto; text-align: center; \" id=\"mingt-526402433\"><a data-no-instant=\"1\" href=\"https:\/\/www.yardi.asia\/Resource\/?resource=Technology+Transformation+in+Asian+Real+Estate+%28White+Paper%29&#038;utm_source=mingtiandi&#038;utm_medium=website&#038;utm_campaign=wp23ttare\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Yardi &#8211; Asia Proptech Report 2023 v1_320\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/Yardi-Asia-Proptech-Report-2023-v1_320.gif\" alt=\"\"  width=\"320\" height=\"320\"  style=\"display: inline-block;\" \/><\/a><\/div><\/p>\n<p>\u201cTech Adoption in Asian Real Estate: The Pandemic Drives Innovation\u201d is available for download at Mingtiandi.com and is based on survey responses from 180 professionals from among Mingtiandi\u2019s online audience.<\/p>\n<p>The survey was conducted in August 2020 and was supported by in-depth interviews with industry leaders from Beike, ESR, GLP, Hines, JLL, KPMG, Savills, Taronga Ventures and more.<\/p>\n<h3>About Mingtiandi<\/h3>\n<p>Mingtiandi is the independent source for Asia real estate intelligence. The company\u2019s daily updated coverage of the region\u2019s major property investors, publicly listed real estate developers and market transactions now helps more than 6,000 unique visitors every day to make better-informed decisions and gain an edge over the competition.<\/p>\n<p>Since beginning daily distribution in 2012, Mingtiandi\u2019s list of newsletter subscribers has grown to more than 10,000 leading decision-makers from companies such as Goldman Sachs, Morgan Stanley, Deutsche Bank and more.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"container-lazyload container-vimeo js-lazyload--not-loaded\">https:\/\/player.vimeo.com\/video\/502046787?h=31b075f2c0Video can&#8217;t be loaded because JavaScript is disabled: Mingtiandi Asia Proptech Forum 2021: COVID-19 Accelerates a Trend (https:\/\/player.vimeo.com\/video\/502046787?h=31b075f2c0)<\/div>\n<p>The COVID-19 pandemic has driven a surge in adoption of information systems by real estate companies in Asia, according&#8230;&nbsp;<a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/past-events-real-estate\/covid-19-accelerates-proptech-adoption-in-asia-watch-on-mtd-tv\/\">Read&nbsp;More>><\/a><\/p>\n","protected":false},"author":553,"featured_media":211690,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4092],"tags":[5382,5359,5032,8380,8400,6587,6421,7632],"ppma_author":[8838],"authors":[{"term_id":8838,"user_id":553,"is_guest":0,"slug":"mingtiandi-team","display_name":"Mingtiandi Team","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/2364918d8f7f71133487eb6f62e68fdf?s=96&d=mm&r=g","user_url":"","last_name":"Staff","first_name":"Mingtiandi","description":""}],"_links":{"self":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/211666"}],"collection":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/users\/553"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/comments?post=211666"}],"version-history":[{"count":0,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/211666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media\/211690"}],"wp:attachment":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media?parent=211666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/categories?post=211666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/tags?post=211666"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/ppma_author?post=211666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}