In November 2007, after six years in the London office, Asif Ghafoor relocated to Hong Kong with the Equities division of Goldman Sachs. When the time came to find his own residence, his experience searching for a place online was extremely frustrating.
The real estate websites available at the time were a jumbled mix of poor design, outdated listings, low quality pictures and very little information about the Hong Kong housing market overall, providing little value to the market participants.
Asif assumed someone else would surely find a solution but after years of waiting and seeing no improvement, he decided to step up himself and bring the Hong Kong online real estate market into the modern era.
In late 2013, after more than a decade in the banking industry, Asif left his career in finance behind him and started an online real estate company called Spacious.
Spacious is determined to provide the best end-to-end online search experience. By combining superior user experience with powerful analytical tools and relevant content, Spacious makes the process of buying, renting or selling a property, simple and efficient.
Spacious is working with some of the biggest names in the real estate industry including Savills, Knight Frank, QFang, and other international clients.
By constantly striving to create the best experience for searchers, Spacious generates the best quality leads for our clients. Spacious also helps financial institutions manage risk related to real estate and helps them understand industry trends.
The property industry has made limited progress in the internet era, particularly in Asia. Spacious is a cutting edge, Asia-focused real estate technology company that is modernizing the industry.
The demand for real estate is ever present. Spacious provides an investment opportunity with exposure to a key strategic industry and investment asset class for all global economies.
Asia’s real estate market continues to thrive. Globalization and urbanization have brought unprecedented changes to the region. For the first time in history, traditionally recluse countries have opened their doors to foreigners, and real estate transactions, valuations and development are poised for continued rapid growth.
Global financial institutions also have significant exposure and interest in real estate, as demonstrated by the subprime mortgage crisis. Spacious is helping these institutions navigate the market effectively, using our proprietary data analytics and analysis.
Spacious is delivering cutting-edge technology to the market, helping its searchers find the best deals and its clients generate more revenue. The Spacious platform has been created by an in-house, best-in-class software development team.
Since its establishment in 2013 in Hong Kong, Spacious has expanded to real estate markets in Taiwan and China. Spacious will continue to expand, working with the most prestigious names in real estate, as it grows internationally.