Juwai IQI the Chinese headquartered proptech firm bringing overseas property to the Asian market has been hard at work over the last few weeks brokering partnerships with companies across some important Asian markets to expand its reach. The deals will see its end-to-end transaction model marketed to more Asian property hunters as well as see its inventory of real estate listings across the world grow. Below are highlights from this week’s press releases.
Singapore’s third-largest real estate firm Orange Tee & Tie has entered into a partnership with Juwai IQI. The deal will open up opportunities for the two companies to reach more international buyers and add more property listings given that OTT are currently marketing 70 developer projects in Singapore. Steven Tan, Managing Director of OTT, said,
“OTT’s position as a strategic partner of Juwai IQI will serve to connect overseas-based property buyers with Singapore’s real estate offerings and vice versa.”
In India the company has partnered with structured financing provider Pama D’Globizen to launch IQI India and expand the company’s presence further still. Apart from growing its network of agents in an increasingly strong and outward looking market, the Indian expansion will help to bring up the number of users and advertisers on the company’s recently launched specialist Asian portal juwai.asia.
Indian buyers are increasingly accounting for more and more overseas property acquisitions and the move by Juwai IQI is seen as a very strategic and timely move with Juwai IQI Executive Chairman Georg Chmiel saying:
“One thing we want to accomplish here is to feel the need in India that for an online portal that makes it easy for Indians to buy overseas property. We want to help Indians buy property in their own country and around the world. We advertise more than US$4 trillion of real estate each year, much of which would be of great interest to buyers in India."
“With our fully integrated ATLAS platform for real estate agent management, virtual tours, chat bots and other features, our agents can be more productive than competitors.”
Juwai IQI has entered into a memorandum of understanding with prominent Pakistani development company Maymar with the aim of exploring a joint venture and bringing the Juwai IQI brands to Pakistan. The idea behind the MoU is to bring Juwai’s network of Asian buyers into the Pakistani housing market which is an area that the government there has earmarked as an engine for growth in the country. Maymar Executive Chairman and CEO Abdul Rashid said of the partnership:
“We want to highlight Pakistan on the world map by connecting overseas Pakistanis and other international investors with the country’s rapidly growing real estate market.”