Aiming to be the ‘e-commerce of real estate’

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Lau poses for a photo at Luco Vision’s office. Lau says, unlike websites such as Airbnb, booking.com and Agoda whereby users can only list their properties online, Luco Vision provides an intelligent system to better manage properties.

KUCHING: Luco Vision Sdn Bhd (Luco Vision), a tech company involved in property management, aims to enable users to be able to seamlessly rent, sell, lease, or buy properties on its platform.

Aside from assisting owners in managing their properties after listing these on the website, Luco also strives to assure that these properties remain liquid and are able to be sold by their owners at any one time.

According to chief executive officer Andy Lau, unlike websites such as Airbnb, booking.com and Agoda whereby users can only list their properties online, Luco Vision provides an intelligent system to better manage properties.

One of these features include helping owners forecast costs of operations when listing on the platform.

“For our platform, we forecast your user data. When you list you properties on our platform, we use the data (gathered) from our business to forecast the owners’ utility bills with the occupancy rate. Let’s say your occupancy rate is at 50 per cent, (we can forecast) how much electricity or kilowatts is going to be used,” Lau said.

“We just want to make it really easy for people with properties to use our platform. Our vision is to turn properties into commodities. We want to enable property owners to be able to make full use of their properties.”

Currently running 39 rooms at Imperial Suites, Luco Vision’s platform allows for short-term, mid-term and long-term rentals.

Aside from its property management platform, Luco Vision is also working on a healthcare blockchain prototype.

“Our vision for that (healthcare blockchain) is to extend human life by 10 per cent,” he said.

“After you see a doctor, the reason you go back to check (for further information) online is because sometimes you need a second opinion.

“It may be because you are not satisfied by what the doctor has to say or you want to make sure for yourself.

“To put simply, what we hope is that one day, when you pick up your smartphone or electronic device, these devices will be able to tell you updated information on what your medical situation is like, using data from many years of research.

“What we do is, we take your medical data and put it onto this blockchain. With this data, all your family medical history will be in one system and with this data, it can predict what possible traits or illnesses you may inherit and what medications are suitable for you.”

“I believe that to grow as a civilisation, you have to share data so that you can study it and help mankind progress and extend human life by, say, 10 per cent. Now the average human lifespan is 80 years, we hope that one day, we can give people an extra eight years of life.”