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Proptech start-up Nornn Corp offers rental properties online
 
Property-technology start-up Nornn Corporation has introduced nornn.com as an online platform for rental properties.

In addition to a large selection of properties available for short- and long-term rental, property owners can manage their listings around the clock with ease while tenants can pay their rent by credit card, chief executive officer Pavit Aksaranuwat said.

Rents for properties listed on nornn.com range from Bt5,000 to Bt130,000 per month.

The company says it is confident that its robust efforts to build awareness among the target groups will help drive the number of rental properties on nornn.com to 10,000 listings this year, with 500-per-cent growth expected in 2018.

Pavit said demand for property in Thailand was currently on the high side. With the share of properties bought as an investment rising above 50 per cent, an uptrend is being seen in the market for rental properties, too.

Meanwhile, media-consumption trends in Thailand are changing in favour of digital platforms: Thais now spend an average of 6.4 hours per day on the Internet. The company says it foresaw an opportunity to create a new ecosystem for rental properties by filling the gap in this market with an online platform that will provide easy, quick, secure and fair solutions to tenants and property owners alike.

As the first Thai proptech start-up, nornn.com is set to disrupt the Thai rental-properties market, paving the way for sustainable growth of the Thai property sector with an approach corresponding with the national development policy under the "Thailand 4.0" vision, Pavit said.

8 มี.ค. 2560, 01:00
nation