Living Insider Co., Ltd., an online real estate information platform and marketplace, one of the most popular platforms in Thailand, is hosting Livinginsider Next 5.0 Live to dive deep into real estate data in Thailand while launching new technologies that will make your work easier.

Mr. Phuwanai Patthaphokin, Chief Executive Officer of Living Insider Co., Ltd. stated that at Livinginsider, we believe that everything in life begins at home. Therefore, a good home is the starting point for a good life. We should be able to choose the home we truly desire. Over the past 7 years, we have had more than 70 million visitors to our website. Compared to last year, Livinginsider has seen a 150% increase in users, averaging 4.5 million per month. This large user base allows Livinginsider to observe market trends and analyze what most people are looking for.

Additionally, we analyzed the overall market, noting that the condominium category saw a 5% decrease from the previous year. Interestingly, other categories experienced an increase in search rates. The house category saw an 11% increase, while the townhome category increased by 32%, indicating a growing interest in horizontal living. Economic indicators show a gradual recovery, with storage units increasing by 30%, office spaces by 31%, and retail and restaurant spaces by 20%.

However, when looking at the overall data, over 66% of visitors to the Livinginsider website are still searching for properties to rent, while 34% are interested in purchasing. In contrast, for horizontal properties, the interest in buying exceeds that of renting, with a ratio of 63% to 37%. Compared to last year, the number of visitors for houses decreased by 17%, while townhomes saw a 23% increase. This may indicate that house prices have risen significantly, prompting many to consider townhomes as an alternative.

 

At Livinginsider, we continuously develop and innovate new products because we prioritize user experience, ensuring ease of use, convenience, and maximum efficiency. This requires us to constantly think of new features to provide users with the best experience through the development of new features by Livinginsider experts.

According to Mr. Tawan Ruenprom, Senior iOS Developer, we have developed the Living Stock application, a marketplace that circulates money into the real estate business. Soon, LivingStock will not only be a marketplace for real estate but will evolve into a Super Real Estate Platform that encompasses Market, Community, Consultant, Data Studio, and will soon feature new updates for everyone to use.

●         Talk will be upgraded to Looking to better meet your needs.

●         Looking to Match will allow you to search more accurately with a matching system for related needs and listings.

●         Looking to Agents will help you find professional agents recommended by our system.

●         Prop Near Me will help you easily find properties around you with just one click.

●         Living Data Studio will provide you with user data on our platform for more accurate analysis and marketing.

On the other hand, Mr. Jirapan Pruangchana, Senior Full Stack Developer of Living Plus+ stated that over 70% of the real estate market consists of rental properties, and this number is expected to continue rising. Issues often arise between tenants and owners, such as late payments and the need to check if payments have been received, while tenants sometimes struggle with cash flow.

 

Thus, we have developed Living Plus+ over the past year to address these issues and serve as a mediator between tenants and owners. Living Plus+ will manage online lease agreements, record and track rent payments, eliminating concerns about fake slips, and for first-time tenants, it will allow payment options including cash, credit card, or installment plans. Both owners and tenants will earn points to redeem for special rewards.

Meanwhile, Mr. Thanapat Kamwan, Senior Flutter Developer of AgentAble revealed that despite the advancement of technology, over 80% of the real estate market still relies on agents for sales. Agents are crucial cogs in driving the real estate industry in Thailand. Therefore, we continuously innovate and develop, ready to add new features such as Preferred Stock, which allows agents to search for properties more easily and receive more accurate notifications, or the new feature Stock near me, enabling agents to find properties from owners nearby instantly.

 

Additionally, we have a community called AgentableClub that has received positive feedback, facilitating the exchange of experiences among professional agents and insights into daily work. Next year, we will introduce UpSkill, a hub for courses, whether online or offline, seminars, and workshops to help develop skills from beginner to becoming a leading professional in the country.

 

Next, Mr. Thanawut Jomputra, Chief Technology Officer discussed another new feature, stating that to be comprehensive, there is a tool that professional agents have been requesting the most: My Own Web, which allows agents to have their own website reflecting their image and credibility to clients and partners easily in just a few minutes. This feature allows for color theme switching, connects to Livinginsider's database without the need to create listings, just hit Sync to connect, and offers after-sales service every day of the week, at a price ten times lower than the market, at just over twenty thousand baht per year. It’s time for every professional agent to have their own website.

 

However, Livinginsider is not just a platform; we have created services related to the Eco System by partnering with MSIG Insurance to create policies that no one else dares to offer, leading to Livinginsure, a worry-free rental insurance. This is the first insurance that covers property damage from rentals, with customizable coverage limits. This year, we expanded the coverage limits based on customer needs, and next year we will introduce insurance that allows for specific item coverage and customizable limits.

 

Furthermore, we have collaborated with SB Design Square to enhance new services and products to maximize user benefits, and soon we will have more comprehensive partnerships, including well-known appliance brands and storage rental services in the city center.

 

Another important aspect we plan to launch early next year is the Agent Academy, where we are investing to create a training and learning center over an area of 350 square meters, adjacent to the MRT, to develop knowledge in various aspects of the real estate profession. We will create a Role Play Space, a mock room to simulate real working scenarios for agents, ready to serve in early next year.

 

“Because we believe that home is the starting point of everything in life, our important mission over the past 7 years has been to help everyone find a good home as a starting point for a good life. In 2023, Livinginsider will not just be a real estate platform; we are stepping up to become a crucial infrastructure in the real estate market. We are confident and promise to deliver the best products to our users,” Mr. Phuwanai concluded.