Indonesia’s first tech-powered property agents SpaceStock ushers in new era for Indonesian real estate industry

Sep 3, 2019

Property hunting is a headache-inducing activity: scouring listings, setting up time for viewings, negotiating the price, up to dealing with administrative requirements. Even e-listings do not alleviate the headache as most published property are with no sufficient information or listed multiple times under different names by the same agents. SpaceStock is here to tackle that problem by bringing the best of both worlds: a one stop solution to showcase thousands of verified properties online, and serve their clients with local property experts that is accountable for customer’s satisfaction.

Founded in 2016by Leonard Hartono, the company initially only served commercial market, providing listings and agent services for those looking for office spaces in Jakarta, hence the name Earlier this year, the company rebranded itself to SpaceStock to expand their services to residential market as well.

Spacestock’s Founder, Leonard Hartono

SpaceStock wants to eliminate the persistent challenge of transparency by working directly with buyers and sellers.

For sellers or lessors, to begin a transaction with SpaceStock, owners merely need to contact the platform, provide information about their property, and allow SpaceStock consultants to do a thorough evaluation. The consultants will take care of the rest of the process, from taking photos fit, to providing details of the unit and its specifications, to uploading the data to the platform.

For buyers and lessee, they can browse through thousands of properties in SpaceStock to look for the properties they love, prior to shortlisting those they would like to visit. The platform has also implemented world-class technology and first-of-its-kind virtual reality feature, which allows consumers to explore the property thoroughly without having to leave the comforts of their home. The technology allows buyers walk through residential or commercial spaces, explore various rooms, and assess the liveability or usability of the property online.Once the shortlist is made, agents will assist buyers to conduct site visit and further payment and administrative processes.

“We are dedicated to empowering our consumers by providing the most comprehensive curated list of properties. By combining our world-class technology with our deep understanding of the property market, we’re confident that we can serve our customers like no other. On top of that, we have deep commitment to ensure there’s no mark ups, and that transactions are done in a transparent way,” said Leonard Hartono, CEO of SpaceStock. “Our fee is based on professional transaction fee to ensure users that we will deliver quality service because we’re only paid when we successfully transact the property.”

“Through SpaceStock, we also hope to allow consumers in the real estate market the access to better information about the properties and the area that they’re looking at. We empower them to discover the best property deals. After all, real estate is typically one of the largest expenditure anyone or any companies will ever spend on. They only deserve the best service,” Leonard adds.

Upon their rebranding, SpaceStock received its funding led by Alpha JWC Ventures. Currently SpaceStock is on progress to enhance their technological capacity and serve more cities in Indonesia.

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