Property app Kawlu — which facilitates the trade of used-apartments in Japan — has witnessed a significant 250% year-on-year rise in its membership number during the April-July period. The growth is the result of reducing brokerage fees to 1.5% of the property price.

The app now has more than 40,000 registered users.

Kawlu is owned and operated by Tokyo-based HouseMart, which was founded in Oct. 2014. The app offers a free service that analyzes the market value of properties based on amenities in the neighborhood and other desirable conditions. It also has an in-app chat function for interactions between sellers and buyers. Kawlu’s value appraisal tool uses AI and decades of data to propose estimated prices. It currently lists 20,000 properties.

Kawlu competes with real estate verticals like Suumo.jpLifull Home’sAtHome, and HomeDirect.

Print Friendly, PDF & Email

Related Articles