AI-Powered Real Estate Marketplace App in Singapore: Guide
11 APRIL
With the development of an AI-powered real Estate Marketplace, the real estate industry has transformed, making it easier to choose your ideal house. That is why the app market has expanded so quickly, and these apps are becoming essential tools for sellers, buyers, and tenants in Singapore.
According to Statista, the worldwide real estate market is expected to reach USD 654.39tn by 2025. This statistic is not just a number but a massive opportunity for anyone interested in real estate native app development in Singapore. Whether you are a business owner, a tech enthusiast, or a successful real estate agent, this is the right time to make a difference.
However, listing houses is not the only thing you will need to develop the app; the primary goal is making it user-friendly and offering a seamless experience. You must also include tools to help buyers determine their property’s value, such as virtual reality tools or AI-powered recommendations.
Interesting, right? Let’s start to learn how to build an AI-powered app in Singapore.
Artificial Intelligence's Ascent in Real Estate
Top Market and Technical Trends
Artificial Intelligence
Artificial intelligence is the need of the hour for all real estate apps. AI-based solutions are leading the market these days. These solutions can help optimize pricing, automate customer service, identify customer requirements with behavioral analysis, and improve user experience.
Immersive Technologies
AR/VR technologies are changing the healthcare, gaming, and real estate industries. The revenue in the AR/VR market globally is expected to reach USD 46.6 bn in 2025. Including this technology will help users experience the house before visiting it. They can visualize the property and its surroundings with this technology.
Internet of Things
IoT is the next technology that will significantly improve the real estate industry. It also increases users’ quality of life and efficiency. To incorporate this technology into your app, you can hire the best IoT app development services in Singapore.
Big Data Analytics
Data analytics is required to understand what your consumers want and help them save time and money in finding the ideal property. It will ensure your users have a seamless experience, and you stay ahead of the competition.
Blockchain
Blockchain technology can bring new elements to your app, such as a distributed ledger, smart contracts, and easy transactions, which can build credibility.
Step-by-Step Guide on AI-Powered Real Estate Marketplace App in Singapore
Step 1 – Requirement Gathering
Your first step is to study the competitors, conduct a market analysis of strengths and weaknesses, and determine the problems you aim to solve with this app. Similarly, while creating a project roadmap, outline the main functions of your AI-Powered Real Estate Marketplace.
Based on specific needs, you can design a platform for property administration, buying, selling, and other activities.
Step 2—Planning and Designing
Two essential parts—the function and design of the app—are different in this phase. Because the benefit of creating a custom real estate app solution is that it may be tailored to the client’s specific needs, the functionality may differ from off-the-shelf options. Hence, the main functions of the app can include:
- Legal issues and electronic document management
- Payment system integration
- Search and filtering of properties
These functionalities can also be expanded based on your app budget, goals, etc. As part of the design phase, the team builds the parts directly and creates application panel wireframes and prototypes. Their primary objectives are high conversion and ease of use while adhering to UX/UI principles.
Your first step is to study the competitors, conduct a market analysis of strengths and weaknesses, and determine the problems you aim to solve with this app. Similarly, while creating a project roadmap, outline the main functions of your AI-Powered Real Estate Marketplace.
Based on specific needs, you can design a platform for property administration, buying, selling, and other activities.
Step 3 – Development
Real estate app development needs technical specialization to properly integrate the front and back ends by following logic and using the appropriate technological stack. Therefore, hire mobile app developers in Singapore who are experienced to get the best results. Some technologies used in app development are:
Backend:
- Frameworks—Django, NestJs, .NET, and Spring Boot
- Database—MySQL, PostgreSQL, Firebase, and MongoDB
- Cloud infrastructure—Google Cloud, AWS, and Azure
- API—GraphQL or RESTFUL
- Message Brokers—RabbitMQ or Kafka
Frontend:
- Frameworks and Libraries—Angular, React.js, and Vue.js
- Programming languages—TypeScript or JavaScript
In this stage, your developer can add AI-enabled technologies, such as chatbots, virtual assistants, investment return forecasts, AI real estate selection with cost predictors, document workflow automation, and big data analytics.
Step 4—Testing and QA
After the development stage, the custom app will undergo testing and QA. This guarantees app performance, stable operation, and compliance with security standards. High-quality QA includes being integrative to evaluate interaction, modular to check components, and functional to test capabilities.
Step 5 – Deployment and Launch
Once testing is done, your mobile app will be ready for deployment. The infrastructure and servers are set up to achieve this, and data migration can be carried out if required. Furthermore, monitoring and logging systems are put in place, and if there is a mobile application, it is optimized for Google Play and the App Store.
A control audit is a component of the official launch to ensure that errors are checked and prepared to be removed.
Step 6 – Support and Maintenance
The services won’t end after the app launch. There may be a need to add new features and technologies, so regular support and maintenance will be offered. This will include:
- Updating UX/UI as per trends
- Performance monitoring
- Optimizing speed
- Release of new features
- Protection against cyberattacks
Conclusion
Using AI to develop a real estate marketplace app in Singapore is a smart move for anyone looking to improve financial efficiency through housing prices, investment, and mortgage calculations. AI can streamline the real estate financing estimate procedures for agents, investors, buyers, and sellers while providing a customized search and purchase experience.
Besides, it can also automate property management based on budget and specifications and improve short- and long-term real estate projects. Therefore, opt for Singapore’s best generative AI services company to get the best technical expertise to deliver customized property recommendations, identify serious buyers, make informed decisions, and manage extensive databases.
