The pan-Asian real estate marketplace business Juwai IQI is to introduce a carbon emissions calculator into its Atlas agent mobile application.
Announced during the COP27 climate conference in Egypt, the calculator will initially be available to Juwai IQI's 30,000 agents across a network spanning 20 countries and subsequently rolled out to listings on the company's own portals and third-party listings sites.
The technology is currently in development with a spokesperson telling Online Marketplaces that it is expected to start rolling out next year.
Based on data from sourced from different national authorities, industry bodies, and academic sources, the calculator will be a small illustrated section of each listing with a carbon footprint score. There will also be information about the "likely lifestyle-related carbon footprints" of the people who live in each property based on distances to amenities.
"We already provide buyers with a mortgage calculator, and it won't be long before the climate emissions calculator is just as important to buyers," continued Ansari.
According to Juwai IQI the premium that buyers pay for green homes is significant with the company's figures suggesting that it amounts to a difference of $8.5k in Kuala Lumpur and Bangkok and $13.5k in Ho Chi Minh City.
Formed through the merger of Juwai and Malaysia-based IQI in 2019, Juwai IQI operates an end-to-end real estate marketplace targeting Asian buyers and operates Juwai.com (a global property portal available in Chinese) and Juwai.asia (Asia-wide portal for global real estate).
The company claims to have transacted more than 31,000 properties in 2021 and advertise US$4 trillion worth of property from 111 countries around the world.