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Friday, February 3, 2023

MGi PropTech, NVC Vietnam enter partnership for property brokerage project

The Saigon Times

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HCMC – MGi PropTech on December 15 inked a strategic cooperation partnership with Fintech company Next Vision Capital Vietnam (NVC), an affiliated company of the Singapore-based NVC Group.

On the same day, it announced its new project, RealXinvest, aimed at cutting down the sales cycle length to 45 days and tackling the current problem of increasing inventories on the housing market.

The deal enabled the company to receive investment from its Singaporean partner and is expected to boost its real estate brokerage activities by connecting home sellers and real estate brokers with buyers while helping its clients access financial resources.

It also established iRIC Club, a property investment group for its members. The company wants the club to be a place where individual investors can find investment opportunities with the support of its MGi Realtor Platform.

According to MGi PropTech, this model is unique in Vietnam, helping investors use technologies to search for high-liquidity properties, along with their information, and seek financial support.

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