China to lead the way in property technology

The fast-emerging technology and internet industry has been shaping real estate business and industry experts said China will lead the way in property technology.

Albert Ovidi, chief operating officer of JLL Asia Pacific, a leading professional real estate services firm, said at the China Proptech Forum and Exhibition held in Beijing that just as in many other industries, real estate is also advancing fast, thanks to the development of technologies.

He believed artificial intelligence, blockchain, virtual and augmented reality and the internet of things (IoT) are the future of property technology and also a field where China excels.