Asia PropTech has signed a MOU with XAI Land for regional and cross-border PropTech collaboration. The MOU signing took place on January 7, 2022 online via Zoom.
Under the agreement between the two entities, Asia PropTech plans to assist XAI Land in connecting with relevant PropTech companies within its network across Asia Pacific, Europe, and the U.S. to facilitate cross-border real estate transactions to and from South Korea. XAI Land will play a role in assisting Asia PropTech in promoting its regional PropTech events and community to those who are interested in PropTech via its growing network of real estate, finance, and PropTech professionals in South Korea.
Asia PropTech’s Founder, Leo Lo, said “XAI Land has been one of the brightest PropTech innovators in Korea. Asia PropTech, as an ecosystem synergizing the forces and knowledge from PropTech startups, real estate players and investors, is excited to join hands with them. Speeding up the real estate digital transformation in 2022, we are looking forward to the opportunities and synergies brought by our collaboration with XAI Land.
“This agreement with Asia PropTech is exciting as it will help XAI Land truly become a one-stop-shop for South Korean real estate investors hoping to find overseas investment properties. Given Asia PropTech’s knowledge and network of global PropTech it can leverage its network to connect XAI Land with the right partners who would source and accurately value overseas real estate for globally conscience real estate investors from Korea.”, said Raymond Chetti, Co-founder & CEO of XAI Land.
XAI Land is a South Korean PropTech company whose vision is to be the most trusted source of analytics and apps/software relating to real estate valuations on a global scale by developing proprietary Automated Valuation Models (AVM) to value and predict future valuations for both residential and commercial real estate.
Asia PropTech connects PropTech players and industry stakeholders in Asia. It aspires to promote the adoption of PropTech in Asia and facilitate intra-regional trade in PropTech through events, knowledge sharing and management, and strategic partnership with PropTech peer organizations in Europe and the United States. Asia PropTech also actively engages stakeholders such as governments, real estate developers and institutional investors, and is committed to promoting the adoption of technology, or even business model innovation, to solve the challenges of the real estate industry today.