Flatchat, the home rentals and roommate-finder app, is now launching in Singapore. Backed by CommonFloor.com-Flatchat is a mobile-based platform that helps students and bachelors find accommodation and flat-mates.
The app has been completely re-designed for the Singapore market, and is expected to be publicly available to users by November 2015.
Singapore is the fourth-largest financial centre in the world, with a high population density comprising a large community of Indian expats.
Additionally, the island city-state receives thousands of students from across the world every year. Finding suitable accommodation here fosters a lot of concern and apprehension among foreign students. Also, the Singapore rental market is highly controlled and expensive, making Flatchat a perfect offering.
Commenting on the launch, Sachin, Head of Operations, Flatchat, says, "After months of research, we decided to begin our global expansion with Singapore. I believe Flatchat's unconventional approach to home rentals, its interactive and quick responsive app and peer-to-peer chat model will be able to create differentiation. This philosophy, apart from eliminating brokerage costs works well with the modern smartphone-savvy generation. We are extremely thankful to CommonFloor for their support."
Sumit Jain, Co-Founder & CEO, CommonFloor.com, commented, "We are excited for the Flatchat team and the journey that they are embarking on. The objective of simplifying and solving accommodation concerns for students and bachelors in Singapore holds a great opportunity."
He added, "As a first mover in creating value by building a customer-centric ecosystem for real estate, we are confident of the immense growth potential in this decision to go international. It is a major step in driving future readiness through technology and will translate into growth, for both Flatchat and CommonFloor."