More Chinese real estate companies favor the use property technologies, a survey of 200 companies by a leading professional services firm that specializes in real estate and investment management has found. Jones Lang LaSalle, says in its latest 'Reimagine the Future of Real Estate,' report, that about 55 percent of Chinese real estate firms plan to increase their proptech budget by 10 to 30 percent in the next two years, according. In 2018, only 37 percent of Chinese real estate firms surveyed planned to increase their proptech budgets by over 10 percent in 2019 and 2020, JLL says. Jll says that In China, key proptech players consist of equipment manufacturing, software development, internet and start-up companies. When choosing which partners to work with, real estate companies need to maintain a clear vision and redefine purposes for proptech innovation or digital transformation.

Source: The Standard August 26, 2020 08:10 UTC