'Proptech' follows fintech's footsteps

Technology adoption to help create unicorns in China's real estate sector

In the past few years, technology has revolutionized the financial sector, and as fintech continues to swell into more sectors, the real estate industry will welcome its own version, known as proptech, according to a senior executive from international real estate consultancy company Jones Lang LaSalle.

"(In) the future, when we look at China, when we see how the fintech industry in China has revolutionized the... financial sector, we think that proptech will catch up very quickly for a whole load of reasons and the way we look at technology in real estate," Anthony Couse, Asia-Pacific chief executive officer at JLL, told China Daily.