Singapore, Singapore, March 12, 2015 --(PR.com
announced today that they have hit a 400% increase in the number of Property Agents using their 360 Degrees Interactive Virtual Tours since they commenced operations in July 2014.
It is believed that out of a population of more than 32000 licensed Property Agent salespersons, the number of agents actively using virtual tours numbers less than 500 of which V360Property now seems to have the majority share.
Spokesperson for V360Property Dave Teo said, "We are now beginning to see more property agents using this technology in their marketing and we have successfully converted many agents who previously were not using virtual tours. We are on track to achieve our one year target in terms of number of VT users."
So far, V360Property has produced quality virtual tours for agents from ERA, Propnex, Savills, Huttons, HSR, Coldwell Banker and C&H. They have also done Virtual Tours for a number of showflats marketed by these agencies.
The market for virtual tours seem set to grow as consumers demand more listing quality found on property portals. New entrant 99.co set the bar by promising a radical shake up of the industry and featuring only quality listings on their portal. This forced incumbent PropertyGuru to tweak their algorithms to grant a quality score to listings to ensure only the most quality listings appear first.
As Dave put it, "The current property market is still not very ideal for property buyers in terms of listing transparency and genuinity, we at V360Property aim to change that by educating more agents to use and more consumers to demand virtual tours."