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NEWInvestors are increasingly turning to diversification across geographies and sectors to mitigate risk in their portfolios amid the continued global uncertainty.

Most real estate investors are aware of the urgency of making swift, informed decisions when deploying capital, especially amid the strong competition for assets this year. But one problem remains: the lack of transparent information.

When it comes to tech adoption, the commercial real estate (CRE) industry has typically lagged behind other sectors. However, over the past few years the industry has begun to take property technology – or proptech – seriously. Last year, proptech start-ups raised US$625.9 million in APAC, and in 2018 this figure was a record-breaking US$1 billion.

Hong Kong and Singapore, October 15, 2020 – Leading global real estate consultancy, JLL (NYSE: JLL), and risk management company, Risk Integrated, today unveiled OfficeBlocks, an industry-first property technology – or proptech – suite of tools set to transform commercial real estate leasing and investment.

Property technology, often abbreviated as proptech, is becoming increasingly commonplace around the Asia Pacific (APAC) in recent years, and certain factors are set to see proptech truly takeoff. An excellent example of proptech disrupting traditional property investor tools is the AI-powered platform, OfficeBlocks.

JLL and risk management company, Risk Integrated, on October 15 unveiled OfficeBlocks, an industry-first property technology – or proptech – suite of tools set to transform commercial real estate leasing and investment.

SINGAPORE (EDGEPROP) – The future is now — using an AI platform, a property investor who takes a picture of a building with a mobile phone can now receive its rental estimates and value in their email within minutes.

With the coronavirus pandemic disrupting travel and making it impossible to conduct due diligence on prospective real estate investments, a new proptech platform allows potential investors to access information and carry out a detailed analysis, eliminating the need to get on a plane.

Jones Lang LaSalle has joined with risk management company Risk Integrated to launch OfficeBlocks, an artificial intelligence and big data platform tracking major Asia Pacific property markets, including Hong Kong and Singapore.