The real estate market in Singapore comprises a diverse range of property types which includes commercial, residential, hospitality, and industrial sectors. Each of these caters to the needs of residential and business properties. It is a small island in Southeast Asia that has fewer or restricted resources of land, hence needs plans and regulatory measures to meet the requirements. Singapore attracted investors and has now become a center for global investing in real estate.
The residential sector of the real estate market in Singapore by 2024 is estimated to be valued at around US$ 1.5tn and the annual growth rate from 2024 to 2028 is projected to be 3.73%. This sector also has a larger contribution to the nation’s economy in the year 2022 the gross domestic product was 17.68 billion Singapore dollars. In this article, we are discussing the company that has established its strong existence in real estate and also about the founder Adrien Jorge who is the mastermind behind this success and his entrepreneurial journey
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Adrien Jorge: Founder & CEO
Adrien Jorge is a Singaporean entrepreneur who is the founder and CEO tech-based real estate company called Propseller, it was established in the year 2018. Mr. Adrien completed his Bachelor of Science degree in political economy from HEC Lausanne and attained a Master of Science in Management from ESSEC Business School. After his graduation, he worked as an associate consultant at OC&C Strategy Consultants for a year. Later he started as a business development manager at Groupon, he was promoted and also served as a general manager.
Adrien had come from a family background where half of them were property agents and that was his initial interest, he also noticed the lack of professionalism in SEA. With this realization along with his business experience and knowledge, he decided to start a business. Before launching his website, he met several agents to learn how to operate a business that had similar operational styles as in the 60’s. Later in the launch, the company encountered 3 leads and one among them wanted to invest, late after a week the revenue was generated for the company.
The challenge encountered was raising funds, investors who had an interest in investing before covid 19, were no longer wanted to invest in other businesses, and that had impacted him post covid 19. He started the company with the mission to offer owners of the property a better solution to sell and rent their property.
About Propseller
Propseller is a Singapore company that is a tech-based real estate agency that aims to provide help in achieving the most current values for your property. They offer you to sell, buy, or rent the property in the most reliable and trustworthy way. They rely on three main things data, transparency, and quality. They will analyze 20+ data checkpoints before assigning you an agent for the right guidance. The pricing and the split are shown to the customers directly without hiding and the major point is the quality assurance for the money paid.
When it comes to charging money and fees, they focus on providing a reasonable price and will charge less than 1% whereas the standard in Singapore is 2%. What differentiates Propeller’s is the use of technology where you can see the status and sales process on your dashboard which helps you monitor 24/7, and access offers anywhere in real-time. They have separate logins and displays for buyers, sellers, and landlords which makes it easy to operate and analyze.
With the utilization of technology, one can see the unique property with cinematic video and reach 100 million buyers. Customers can sell at a higher price and within an average duration of 36 days. In 2023 Popseller was ranked as the top 10th company in Singapore’s fastest-growing companies 2014 by the Straits Times and Statista.
Mr. Adrien with his dedication and business strategy has made Propseller the best property agent service in Singapore. He has made an analysis and rethought the way to modernize selling properties with technology and a strong dedicated team.