Matterport Announces Partnership with Real Estate Analytics to Transform the Real Estate Virtual Experience in Singapore

AUSTRALIA, Sydney, — Matterport Inc, the leading spatial data company driving the digital transformation of the built world, today announced a partnership with Singapore’s property technology company, Real Estate Analytics (REA), to transform the real estate virtual experience.

Using Matterport’s 3D Immersive Virtual Tour technology, REA has launched 8PROP 360, an all-inclusive service to create virtual, photorealistic, and dimensionally accurate representations of properties for real estate agents, which means real estate buyers, sellers and renters can experience 3D virtual tours of properties online anywhere, anytime. 8PROP 360 is making the technology accessible through a fast, affordable, and hassle-free service.

Matterport and Real Estate Analytics are currently in the process of partnering with the leading real estate agencies of Singapore, starting with ERA, to roll out the Matterport 3D Immersive Virtual Tour technology.

Gabriel Mejia, Chief Strategy Officer, REA, said: “8PROP 360 has made Matterport 3D Immersive Virtual Tour technology accessible to all agents, and they’re now able to offer their clients the most realistic and immersive way to experience a property in light of pandemic restrictions on property inspections. The technology has allowed agents to reach wider audiences and close on properties faster, ultimately setting themselves apart from competition within the market.”  

Catherine Lim, Senior Division Director, at Huttons Asia is one of the hundreds of real estate agents achieving success using the Matterport 3D Immersive Virtual Tour technology via 8PROP 360. She approached 8PROP 360 to help provide a more immersive and interactive experience to her buyers and sellers. Since adoption, she has increased engagement, sales and overall customer satisfaction levels during the pandemic.

 She commented: “Since I started using 8PROP 360, the engagement on my online property listings increased by 50%, sales increased by 20% and customer satisfaction levels increased by 40% - something I didn’t see last year”.

Vivian Pan, Vice-President, International Marketing, APAC and EMEA, said: “By streamlining the capture process, real estate agents are able to extend their reach, attract potential clients faster and improve conversion rates. The combination of market leading real estate expertise, cutting-edge technology and superior end-to-end service is proving to be an incredibly powerful combination.”

Matterport and Real Estate Analytics have launched an online booking channel for ERA Singapore (ERA), one of Singapore’s largest international real estate agencies, to streamline the creation of 3D virtual property tours for its agents to facilitate their process of securing exclusive listings and accelerate the marketing of their clients’ properties.

About MatterportMatterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 150 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more here and browse a gallery of digital twins.

About Real Estate Analytics (REA) & 8PROP 360

Real Estate Analytics (REA) is a property technology company that empowers people and organizations to make the best decisions involving real estate.  REA provides easy access to organized real estate data and tailored solutions for consumers, professionals, and institutions. REA has become a leader of real estate data and analytics in Singapore and is launching its services in Malaysia, Hong Kong and Indonesia.

REA operates 8PROP 360, Singapore’s leading provider of 360 Virtual Tours that offers real estate agents an all-inclusive service to scan, create, and host Matterport models. Its superior service is fast, affordable, and hassle-free, and has enabled agents to boost their property listings to achieve better results. Learn more and book a scan at 8PROP 360.