Tateru-BuySell enters overseas property transactions

08 Sep 2018

Japanese property startup Tateru-BuySell has entered into overseas real estate transactions with the help of Southeast Asia-focused property vertical PropertyAccess

Tokyo-based IT strategy firm Tateru Inc. launched Tateru-BuySell to provide various real estate trading services using big data, in February. It currently lists more than 1,000 properties.

Announced late last month, this collaboration will give Tateru-BuySell users access to 6,000 property listings from PropertyAccess, which operated in at least 10 Southeast Asian countries. It’ll also help users make sense of overseas business practices.

Tateru will use PropertyAccess to introduce foreign investors to investment properties in Japan.

The company has already invested an undisclosed amount in PropertyAccess. This is apart from the 10 million yen ($89,000 U.S.) PropertyAgent invested in July (we reported on it here).

PropertyAccess was launched in March. It uses artificial intelligence and deep learning technology from Japan and Singapore to make the process of buying and selling property smoother. It has offices in Japan, Singapore, the Philippines, and Malaysia.

Unlike RakuMachi.jpRare-One.jp, ReThink Tokyo and JikaPro — that showcase income-producing properties in Japan for overseas and local investors — PropertyAccess features investment properties from the Philippines, Malaysia, Thailand, Cambodia, Vietnam, and England, for Japanese investors.

Local businesses are taking a keen interest in collaborating with foreigners-focused property classifieds. Rakuten Lifull Stay Inc., co-owned by Rakuten Inc. (51 percent) and Lifull Co. Ltd. (49 percent), tops in this arena and has signed listings-sharing agreements with seven rental sites.

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Tariq Ahmed Saeedi

Tariq Ahmed Saeedi writes stories on sharing economies in Asia – particularly Japan, Taiwan, Vietnam, Korea, Pakistan, Bangladesh and Iran. He joined the AIM Group in January 2016. Tariq is also a spotter, monitoring global marketplace industry’s updates. He carries more than 15 years of writing experience. Tariq frequently contributes economic/tech news and analysis to a daily The News International and a magazine. He has also written features and interview articles for various other publications and some of his write-ups have been cited for references in reports by the World Bank and archived in Florida Institute of Technology’s library. Tariq has also narrated corporate website content for Audi importer in Pakistan and others. He started his career from a television’s current affairs department in 2003 and later joined the country’s premier news agency Pakistan Press International.