AlSquare Builds Database of 65,000 Commercial Real Estate Listings in Singapore

Utilizing Proprietary Survey Methods, Securing Deep & Unique Commercial Real Estate Data in Singapore

Establishing a Foundation for Providing Total Solutions in Singapore, the Asian Hub for Global Companies

[Asia Economy Reporter Kim Min-young] Rsquare, a company specializing in commercial real estate data, announced on the 2nd that it has completed a full survey of commercial real estate across Singapore, including offices, hotels, logistics centers, and factories.

Rsquare conducted a comprehensive survey covering Singapore’s key business districts as well as commercial, residential, and industrial areas, completing a database (DB) of over 65,000 commercial real estate properties. Rsquare’s own personnel, who were responsible for full real estate surveys in South Korea and Vietnam, directly visited Singapore to collect not only quantitative data but also qualitative data, enhancing accuracy through this approach.

Rsquare explained, "Using the proprietary survey method applied in South Korea and Vietnam, we traversed all of Singapore to gather real estate information," adding, "This includes large-scale commercial real estate data such as offices, hotels, factories, mixed-use residential-commercial buildings, and warehouses." The database contains basic information such as location, number of floors, area, and year of completion, as well as details on owners, leasing managers, vacancy status, and tenant lists for each building.

Starting with this DB construction, Rsquare plans to provide total commercial real estate solutions within Singapore and increase its presence. The company stated, "Singapore is a region where global companies establish their Asian market 'headquarters,' and our overseas subsidiary 'RSQUARE SG' will serve as the forward base for our pan-Asia commercial real estate business strategy." It added, "We aim to expand across six Asian countries including Singapore, Vietnam, Indonesia, and Malaysia, establishing ourselves as a 'pan-Asia one-stop commercial real estate solution company.'"

Rsquare is expanding its business in the Southeast Asian market. The Vietnam subsidiary, established last year, updates the Vietnam commercial real estate vacancy status monthly based on a database of approximately 50,000 commercial properties and provides consulting services for companies entering the Vietnamese market. The company signed a commercial real estate information provision agreement with Shinhan Vietnam Bank and partnered with local government overseas offices to open overseas market channels for companies based in Daejeon and Gyeongnam. Rsquare also secured exclusive contracts with Vietnamese real estate developer KCN Vietnam for industrial park land sales and factory/warehouse leasing, and is participating in the Starlake City mixed-use development project in Hanoi by Daewoo Construction.

This content was produced with the assistance of AI translation services.