As of June 2022, Propzy had raised 33 million USD, but the real estate technology platform has announced to stop operation.

Proptech (Real Estate Technology) is one of the startup fields that attracted the highest investment capital in the last two years. This will be a trend in Vietnam in the future.

Vietnamese proptech startup Houze has secured $2 million in its latest funding round led by DKRA Group to expand its fully integrated real estate ecosystem for agents and customers through its offline-to-online platform.

The inaccuracy of existing data, the slow speed of technology adaptation, and very limited collaborations between different sides in the real estate industry are hindering the Vietnamese proptech sector from booming.

The startup plans to use the new funds to further develop its products and expand across the country.

Some proptechs still have commitments from investors to provide huge capital, which shows the great potential of the platform in the future.

Proptech in Vietnam is developing and expanding on the back of strong momentum in the Vietnamese real estate market, due to its benefits in improving accuracy and speed, as well as cost savings and convenience. 

Proptech is playing an increasingly important role in information provision and the buying and selling of properties.