Butler’s revenues tripled in 2024, and the company reached its profitability in the fourth quarter, said the co-founder Angues Chan in a recent interview. The AI platform, which manages tasks, in particular the management of requests for tenants and residents and updates to processing maintenance workers, was used in more than 65 housing areas ‘Last year, he said.
The number of real estate areas served by Butler is expected to triple this year, going from less than 10 in 2022, when the platform was launched, according to Chan.
According to the founders.
The prices of houses experienced by Hong Kong fell by more than 7% last year, following a drop of 15% in 2023 and a loss of 7% in 2022, according to the latest data in the service Notation and evaluation. The cumulative drop of 27% marked the second longest property crisis since the start of official records in 1993.
“The Hong Kong real estate industry has been entitled for so long; Now that things are not as well as well, it must change, “said Chan.