Technologically supported smart real estate, whether encompassing a single unit or a whole city, is an expected trend in future urban areas.
This is a prospective advancement in PropTech (Property Technology), aimed at augmenting efficiency, enhancing customer experience, and minimizing operational expenses.
Technology opens new markets in real estate
In the last decade, the integration of technological aspects in Vietnam's real estate sector has significantly enhanced the processes of buying, selling, renting, designing, constructing, and managing properties.
The Industry 1.0 in the real estate market commenced approximately two decades ago with the advent of numerous classified portals facilitating brokerage and loan acquisition.
This was succeeded by the rise of significant mobile applications in the mid-2010s, bolstered by data analytic tools and virtual experiences monitored on the radar. The PropTech 2.0 wave witnessed the involvement of numerous Vietnamese companies, bolstered by substantial investments from major corporations.
Applying technology solutions brings many different experiences in the real estate sector. Photo: freepik
By the 2020s, the advent of exogenous technologies, including the Internet of Things (IoT), Machine Learning, Artificial Intelligence, Blockchain, Smart Lifts, Drones, and Virtual Reality, has initiated the PropTech 3.0 wave in Vietnam.
The implementation of technological solutions in the real estate sector has resulted in substantial transformations in asset management, process optimization, efficiency enhancement, and cost reduction. Through ongoing advancement, PropTech has partially addressed the requirements of buyers, sellers, brokers, lenders, and others.
Experts indicate that the ProTech market in Vietnam is currently in phase 2.0 and is progressively transitioning to phase 3.0, at a pace slower than the global standard. Nonetheless, PropTech enterprises in Vietnam are presently engaged in several sectors of the real estate market. The smart real estate sector has advanced significantly due to the emergence of operational applications that enhance user experience and facilitate real estate management.
Breakthrough with platform technology model
Having only entered the PropTech market four years ago, TNTech Joint Stock Company (a member of ROX Group) has decided to research and develop a platform model first, from which highly relevant technology solutions suitable for the actual needs of customers can be rapidly implemented.
TNTech has successfully built a PropTech platform in 3 segments: Smart Real Estate, Sharing Economy and Real Contech.
Consequently, the company has created a range of PropTech solutions for urban environments, hotels, lodging developments, and particularly industrial parks. Recently, products including T.Connect Smart Resident Solution, s.RMS Smart Apartment and Hotel Room Control Solution, and T.SIE Smart Industrial Park Solution from TNTech have garnered positive market reception. Thanks to this product ecosystem, TNTech was recognized by VINASA in the Top 10 PropTech Enterprises category at the 2024 Vietnam Outstanding Digital Technology Enterprise Awards ceremony.
TNTech was honored by VINASA in the Top 10 PropTech Enterprises category.
T.SIE Smart Industrial Park Solution is identified by TNTech as an innovative approach for industrial park management, focusing on a green economy and sustainable development. T.SIE is constructed on a sophisticated technological platform, integrating Big Data and AI to enhance operational efficiency across several sectors, including security management, wastewater treatment, transportation, and energy.
Through the incorporation of ESG principles (Environmental, Social and Governance), T.SIE contributes to the reduction of carbon emissions and the enhancement of security and safety for personnel and assets. This serves as an efficient interactive communication channel among enterprises in the industrial park, facilitating the optimization of operational expenses and processes, reducing human errors, and enabling prompt responses to security, safety, and fire incidents.
Mr. Bui Quoc Khanh, CEO of TNTech, said, TNTech's future strategy will focus on developing technological solutions for the management of sustainable urban environments, eco-friendly buildings, and green workplace and hotel spaces. Advancing towards the establishment of an open community to facilitate connections among investors, customers, suppliers, agencies, public authorities, and entrepreneurs, while enhancing operational efficacy inside the open ecosystem developed by TNTech.
Thanks to its application, efficiency, and location, PropTech solutions have enabled TNTech to earn the Vietnam Smart City Award four times from 2021 to 2024. T.SIE solutions assisted the organization in securing a position on the golden board of the Sao Khue Award 2024. At the 2024 Vietnam Outstanding Digital Technology Enterprise Award, VINASA recognized TNTech as one of the Top 10 ProTech Enterprises 2024.
In the coming time, TNTech will deploy with major partners around the world to provide more diverse and optimal solutions.