Singapore-based PropTech startup Real Estate Doc (RED) has entered into a technology collaboration with Huttons Asia, a real estate agency in Singapore.

Under their digital road map, this collaboration will encompass several pillars, which include digitalizing real estate workflows and transactions, RED said in a statement on Friday.

Redoc.co, RED’s document management software for estate agents, has recently been onboarded as a digital signing partner of ‘Sign with Singpass’, which uses signing certificates issued by the National Certification Authority in Singapore. This provides users and clients with Redoc.co access to sign secure digital signing infrastructure when executing digital contracts on Redoc.co.

Currently, Redoc.co serves real estate agencies and salespersons and is a pre-approved solution software under IMDA SMEs Go-Digital Program for Estate Agencies.

“We are excited to be given the opportunity to support Huttons in digitizing their documents. This is a strong testament to the quality and standard of our system. We are confident that our smart document management software will enable Huttons to digitalize sales document flow and close more deals faster. With the integration of Sign with Singpass, we provide our users a safe and more secure alternative to close their deals,” Real Estate Doc Founder and Chief Executive Officer Ivan Lim said.

“During our Annual Convention in February 2021, Minister Desmond Lee launched the SMEs Go Digital Program for the real estate industry. Redoc.co by Real Estate Doc is the first software to be approved under the program, providing end-to-end documentation of real estate deals for estate agencies. They are supported by Infocomm Media Development Authority of Singapore, Enterprise Singapore, and Council for Estate Agencies and are now digital signing partners on Sign with Singpass. This is the ‘Gold Standard’ for documentation management,” Huttons Asia Chief Executive Officer Mark Yip said.

The collaboration also came as Southeast Asia has seen more PropTech startups raising funds to provide solutions and disruption in the real estate industry.

Last week, Singapore-based online property platform Ohmyhome announced its $5 million Series A+ funding led by Swettenham Blue. Last month, Southeast Asia online property platform PropertyGuru announced it has agreed to go public through a merger with Bridgetown 2 Holdings Ltd, a NASDAQ-listed special purpose acquisition company backed by billionaires Peter Thiel and Richard Li.

Malaysian-based property rental platform Speedhome has also raised $1.67 million in Series A funding to expand regionally.

RED is a Singapore-based startup focused on front-office revenue, contract lifecycle, and space inventory management for real estate businesses. Redoc.co by RED is a cloud-based revenue and document management Software as a Service (SaaS) that provides sales teams and businesses the digital tools to manage their contract templates, data, and workflow seamlessly.

Established in 2002, Huttons Group is a real estate agency in Singapore. In association with Savills, the agency has more than 3,200 professionals marketing hundreds of local and international projects in over eight countries.

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Featured image credits: Real Estate Doc