Commercial real estate data company Alsquare announced on the 20th that it had been selected for the 'Asia Pacific 500 High-Growth Companies' jointly announced by the global media Financial Times (FT) and market research firm Statista for the fourth consecutive year. FT and Statista have been selecting and announcing the 500 companies with the steepest growth in the Asia Pacific region from 2018 to 2024, and Alsquare recorded an average annual growth of 31.4% from 2020 to 2023, with a sales growth rate of 126.8%.
Despite the economic slowdown and uncertain business environment, Alsquare continues to grow through existing and new businesses. In particular, it is showing solid growth in new business areas such as real estate investment consulting, asset management, data-based consulting, and atypical building construction. The company's commercial real estate data platform, 'Alsquare Analytics (RA),' is leading the commercial real estate market by signing contracts with many major domestic institutions and overseas LPs.
Alsquare is promoting the digitalization of the real estate market through the 'Digital Triple Solution' strategy. It is increasing the transparency of the Korean real estate market through RA, the apartment management system 'Homedot ERP', and the real estate registration viewing service 'Data Hub', and in particular, RA signed contracts with global investment firms and major domestic institutions within three months of its launch. RA provides full-cycle data on approximately 6,200 commercial properties, including offices and logistics centers, and provides differentiated data through in-depth analysis of Korea's unique leasing practices, key money, and reconstruction issues.
Homedot ERP is playing a significant role in the 24 trillion won apartment management fee market and is promoting the digitalization of apartment management. In addition, 'Data Hub' is improving accessibility to real estate information and diversifying its business beyond existing commercial real estate brokerage and interior design to asset management, investment consulting, and construction sectors. Alsquare is establishing itself as an emerging powerhouse by achieving 60 billion won in orders within a year of establishing its construction headquarters. In the logistics center sector, it has upgraded its database by conducting a thorough investigation of detailed specifications for 15,000 locations.
Alsquare said that it plans to continue to invest in future businesses and increase corporate value by utilizing data and ICT competitiveness. The '2025 Asia Pacific High-Growth Companies' jointly conducted by FT and Statista is in its 7th year this year, and the survey was conducted on companies with sales of over 100,000 dollars.
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