Savills Hong Kong, Inspace XR partner for interactive 3D model use in real estate

The technology will be used for 17 Kai Cheung Road and 46 Sassoon Road projects.

Savills Hong Kong entered a strategic partnership with Inspace XR, a startup that develops augmented and virtual reality (AR/VR) software, to create 3D models for the real estate industry, allowing viewers to have a virtual tour of a property.

In a statement, Savills said the interactive models will be used for the architecture, engineering, construction industries, enabling viewers to see the outlook, surroundings, and an overview of details of any property project virtually.

Interactive 3D model representation of 17 Kai Cheung Road project. Photo from Savills.

The technology will be used for 17 Kai Cheung Road and 46 Sassoon Road projects, marking the start of the partnership, Savills said.

Raymond Lee, CEO, Greater China of Savills, said the company believes that the technology will prevail in the industry, adding that they are the first real estate services firm to adopt the Interactive 3D Model.

READ MORE: Hong Kong property investments surge 52% to USD2.2b in Q2“Working with Inspace XR, we hope to pioneer this technological breakthrough in our business operations in property investment, leasing and property management advisory, with a view to promoting the technology to a wider circle of asset management companies, REITs and developers that leads to the digital transformation of the local real estate industry," he said.