The Hanoitimes - Vietnam’s property market continues to expand, both in new developments and secondary sales. A growing middle class and a demand for affordable homes should continue to drive strong market growth for the foreseeable future.
VinaCapital Ventures, the technology investment company of VinaCapital, on June 12 announced that it has invested US$4 million in Rever, Vietnam’s leading tech-enabled real estate brokerage company.
Founded in July 2016, Rever is the first company of its kind in Southeast Asia.
Vietnam’s property market continues to expand, both in new developments and secondary sales. A growing middle class and a demand for affordable homes should continue to drive strong market growth for the foreseeable future.
Being a tech firm, Rever offers price preference tools using real market data analytics, listing tracking incorporated with interactive media.
The real-time transaction management gives the most value to homebuyers and sellers, while equipping agents with a smart custom relationship management and property database. Aiming to become a one-stop shop for all accommodation-related needs, Rever expects to add more valuable tools and services to its platform soon, including loan brokerage, digital furniture fitting, and smart-home solutions.
Khanh Tran, a partner at VinaCapital Ventures, disclosed the news at the Vietnam Venture Summit taking place at the Gem Center in Ho Chi Minh City. “This investment is consistent with our philosophy of targeting startups that are disrupting how industries operate, are operated by founders with a vision and experience, and are capitalizing on the continued robust expansion of Vietnam’s economy.”
“Rever has the potential to lead the transformation of the real estate business, from one that is still very much based on bricks-and-mortar to one that is a key part of the digital economy,” said Khanh.
In addition to Rever, VinaCapital Ventures has made investments in FastGo, Logivan, Urbox, and Wee Digital.