Property sector seeks unified data platform to spur deals

Ageing properties and lease expirations remain pressing concerns.

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Real estate practitioners in Singapore are calling for greater digitalisation across the industry, citing the need for a unified property data platform to address inefficiencies in the dealmaking process.

Jones Lang LaSalle, Inc. (JLL) Senior Director for Agency Leasing Zoe Ho said fragmented data remains a major obstacle.

“A key area for improvement is the standardisation of property data,” she told Singapore Business Review. “Critical information such as verified building specifications and sustainability metrics is often fragmented, creating inefficiencies in the due diligence process.”

“A more unified and trusted data source would allow for faster, more reliable comparisons,” Ho, who was recently named amongst Singapore Business Review's most notable agents under 40, said in an interview.

"This would free up agents to focus on high-value strategic advice and empower clients to make quicker, more confident decisions, ultimately creating a more transparent and efficient market for everyone."