Advent of PropTech changing the real estate sector

Staying competitive: Sarkunan says PropTech is something property players cannot ignore if they are to stay competitive.

FIRST, it was FinTech which challenged how things were being done in the financial and lending services. Now there is PropTech, which is altering the entire spectrum of the real estate industry.

From the property managers to valuers, estate agents to developers, PropTech can either be viewed as “innovative or disruptive”, says Malaysian Institute of Professional Property Managers (MIPPM) president Sarkunan Subramaniam.Sarkunan says PropTech is something they cannot afford to ignore if they are to stay competitive.