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Smart Real Estate Search for Non-Transparent and Fragmented Asian Markets

Smart Real Estate Search for Non-Transparent and Fragmented Asian Markets

When purchasing a home how do you make sure you pay a fair price and avoid investing in a property that loses value? In the western world, you have sophisticated real estate portals, such as Zillow or RightMove, where you can quickly check information on past transactions or get prices of all comparable listings in the neighbourhood.

But what if you're in Thailand or Indonesia? Here information on past transactions doesn’t exist. And property listings are spread over 100s of websites, making valid price comparisons nearly impossible. In such conditions, it’s not uncommon for homebuyers to overpay up to 30%, just because it’s hard to find better alternatives, that do, in fact, exist.

Hipflat is the first real estate portal in Southeast Asia, that not just provide access to listings, but also brings previously unavailable market data to help people make well-informed home buying decisions.

Denis Nemtsev

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Founder @Hipflat. Previously started 2 companies. Ruby on Rails developer / REALTOR®, CRS / B.S. Computer Science @Lomonosov Moscow State University .
Total raised

$635,000

Funded over

1 round

Latest round (Jun 2014)

Seed