Juwai IQI and OrangeTEE & Tie Pte Ltd (OTT), have formed an alliance. With this partnership, Juwai IQI and OTT will expand their presence to over 15,000 real estate agents across Asia, Australia, Canada, and the Middle East.
Commenting on the partnership, Steven Tan, Managing Director of OTT, said:
“Both are technology companies as much as real estate companies. Integrating our platforms and working jointly to build new capabilities will increase delivery speed and allow new features to be rolled out at a faster pace.”
He explains that the agreement will help OTT better connect foreign “property buyers with Singaporean real estate offerings and vice versa.”
On the real estate development side, this partnership means there will be one, end-to-end solution for marketing and selling newly made homes to buyers both locally and across the globe.
Daniel Ho, Group Managing Director of IQI Global, said:
“This tie-up will allow our agents to help Singapore-based buyers purchase real estate in any of the 91 countries from which we market property. On the other hand, the expansion also makes it easier for us to help investors from other countries who want to own real estate in Singapore, which is one of the most popular destination markets in the region.”
Another benefit of this partnership is mutual support in proptech innovation. This is important now more than ever as companies scramble to develop ways for consumers to buy and sell fully online.
Juwai IQI Executive Chairman Georg Chmiel said:
“One key to success during the pandemic has been the rapid adoption of new technology. We have deployed technologies that improve agent productivity, enable remote property marketing and relationship building, and give developers an end-to-end solution in advertising and selling their listings. We are now well-positioned to help both buyers and developers in Singapore to discover new markets, just like we already do across Asia.”