{"id":20004,"date":"2018-01-25T01:00:54","date_gmt":"2018-01-24T14:00:54","guid":{"rendered":"https:\/\/www.realestatetalk.com.au\/?p=20004"},"modified":"2018-01-25T01:00:54","modified_gmt":"2018-01-24T14:00:54","slug":"tool-that-aids-off-the-plan-sales-justin-liang","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/tool-that-aids-off-the-plan-sales-justin-liang\/","title":{"rendered":"Tool that aids off the plan sales \u2013 Justin Liang"},"content":{"rendered":"<p>The real estate industry is expected to be one of the top industries transformed by virtual reality\u00a0in coming years. Sydney company Inspace XR is using virtual reality to revolutionise the real estate industry allowing customers to step in and inspect a home, a shopping centre, an office or an industrial site before it even exists.\u00a0\u00a0 We talk to the young entrepreneur who is driving this innovation \u2013 <strong>Justin Liang<\/strong>.<br \/>\n<strong>Transcript:<\/strong><br \/>\n<strong>Kevin:<\/strong>\u00a0 The real estate industry is expected to be one of the top industries that will be transformed by virtual reality in coming years, if not now. Many within the industry are already employing the innovative technology in various dimensions, from digital staging to virtual showrooms, to turn the blank canvas of an empty apartment into something a lot more. Very spectacular. Stand by because here\u2019s the next level.<br \/>\nSydney company Inspace XR is using virtual reality to revolutionize the real estate industry allowing customers to step in and inspect a home, a shopping center, an office, or an industrial site before it even exists. Joining me to talk about this, the young, dynamic CEO from Inspace XR, Justin Liang.<br \/>\nJustin, thanks very much for your time. Congratulations on what you\u2019re doing, too.<br \/>\n<strong>Justin:<\/strong>\u00a0 Kevin, thank you very much for having me on the show.<br \/>\n<strong>Kevin:<\/strong>\u00a0 It must be exciting times for a young company like yours, I believe been going for about 12 months.<br \/>\n<strong>Justin:<\/strong>\u00a0 Yes, absolutely. AR and VR, what our company focuses on, is on the road map and agenda for every large real estate company, from architecture to construction to interior design. We\u2019re very fortunate to have ridden that wave and gotten a lot of interest, both locally and internationally.<br \/>\n<strong>Kevin:<\/strong>\u00a0 This technology, of course, has been around for a little while, but who is using it? Who is using it right now?<br \/>\n<strong>Justin:<\/strong>\u00a0 We see the main industries adopting it first are education, healthcare, and real estate. It seems that businesses are picking it up first because for the high-end experiences in VR, it still has quite a high price entry point. You need a high-fidelity device and a high graphic-powered computer.<br \/>\nA lot of the times when consumers talk about VR, they\u2019re talking about mobile VR. Mobile VR that comes with something like a Samsung Gear might have a few short experiences but it doesn\u2019t really reflect the true quality of what VR can be used for.<br \/>\n<strong>Kevin:<\/strong>\u00a0 Just talking about real estate for a moment, where do you see it going? Where do you think we\u2019ll be using virtual reality in five or ten years\u2019 time?<br \/>\n<strong>Justin:<\/strong>\u00a0 Kevin, I think VR will absolutely be the future of architecture. For the first time now, architects can step inside their designs. For example, at Inspace, our product Riverfox turns CAD into VR in one click.<br \/>\nWe see a lot of our architecture customers designing within VR now, getting into the space, sort of littering furniture and paint and audio and then communicating those designs down to the real estate developers as customers. Also, even for certain things like the council as well, we\u2019ve seen cases where council approval has been provided based off a VR render.<br \/>\nI definitely think that VR is going to be in the sales display suite for every property project because right now, people are still buying based off a handshake and a picture, and I think in the future, consumers will definitely expect to see exactly what they\u2019re going to get.<br \/>\n<strong>Kevin:<\/strong>\u00a0 Just on that point, it is virtual reality, which means it\u2019s virtual; it\u2019s not reality. I really question whether people can actually trust this or whether they will trust it, Justin.<br \/>\n<strong>Justin:<\/strong>\u00a0 At the moment, they\u2019re buying it based off a picture anyway, so I think VR doesn\u2019t necessarily guarantee that the developer is going to deliver on their promise \u2013 that\u2019s a contractual issue \u2013 however, it gives a better representation.<br \/>\nIt allows the customer to see all corners of a property, what it\u2019s going to look like, to see what finishes are offered and what they might look like. It gives them a broader view of what it looks like, and again, it doesn\u2019t guarantee that they\u2019re going to get exactly that.<br \/>\n<strong>Kevin:<\/strong>\u00a0 Just a final point, I have tried virtual reality \u2013 it was some years ago \u2013 and unfortunately, I got sick. It was a roller coaster ride. Is that quite a normal reaction?<br \/>\n<strong>Justin:<\/strong>\u00a0 Yes, and that comes down to the quality of the VR, which is very important. Unfortunately, VR gets a bit of a bad rap because people have experienced these low-frame experiences that have come out on mobile. But it all comes down to the frame rate. For us at Inspace, we don\u2019t release any experience unless it\u2019s above 90 frame rates per second constantly.<br \/>\nThe sickness comes from your eyes moving first and the pictures following after with some latency. I think that\u2019s a problem that the industry is very quickly fixing, but it\u2019s through hardware and through the software tools, like the type we\u2019re producing at Inspace.<br \/>\n<strong>Kevin:<\/strong>\u00a0 Great talking to you, and congratulations on the work you\u2019re doing. Inspace XR, the CEO there, Justin Liang. Justin, thank you so much for your time.<br \/>\n<strong>Justin:<\/strong>\u00a0 Thank you very much, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The real estate industry is expected to be one of the top industries transformed by virtual reality\u00a0in coming years. Sydney company Inspace XR is using virtual reality to revolutionise the real estate industry allowing customers to step in and inspect a home, a shopping centre,&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":20005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,33,10,11,13,35,22,25,27],"tags":[101],"class_list":["post-20004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-case-studies-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-development-topic","category-research-topic","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tool that aids off the plan sales \u2013 Justin Liang - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/tool-that-aids-off-the-plan-sales-justin-liang\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tool that aids off the plan sales \u2013 Justin Liang - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"The real estate industry is expected to be one of the top industries transformed by virtual reality\u00a0in coming years. 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