In an announcement made earlier this week, Juwai IQI stated about the launch of juwai.asia which will be world’s first portal for Asian consumers (non-Chinese) for purchasing cross-border real estate around the globe.
The existing portal has been serving its Chinese clients since 2011 with property listings and helping them make calculated decisions about purchasing oversees property. Both the company’s portals- juwai.com and juwai.asia serve over 3.3 million monthly users from 91 countries with over six million listings per year, with a combined value of USD4 trillion. The Asians come in a close second after the Chinese as cross-border buyers by purchasing over 500,000 homes in 2019 among the G7 countries.
With the focus of being a known name in the Asian marketplace, the proptech company is now going to cater the non-Chinese Asian customers who make up for around 20% of the real estate purchasing enquiries from the portal juwai.com. Apart from mainland China, buyers from Singapore, Korea, India, Taiwan, Hong Kong also serve the list.
Juwai IQI is the conglomerate of juwai.com and IQI Global, as they combined to create Asia’s biggest proptech group in June 2019.