Indonesia’s Property Technology (Proptech) Startup Scene: What You Need to Know

Indonesia’s Property Technology (Proptech) Startup Scene: What You Need to Know 30 July 2019 Property is the largest asset class in the world—it's worth more than all stocks and bonds combined. In large markets like the United States, the property industry contributes US$3.5 trillion to the GDP, of which $836 billion is construction spend. About US$1.3 trillion worth of existing homes transact every year in the US residential property market, and these deals generate about US$66 billion in commissions for property brokers. However, real estate was one of the last sectors to adopt technology. Property [...]