What Spacious does

Spacious (千居) is a Hong Kong-headquartered property technology platform, incorporated as LANDCROWD LTD. and founded in 2013, that operates a digital two-sided marketplace for residential and commercial real estate search, listing, and market analytics. The platform serves two distinct audiences: free property seekers (buyers, renters, and overseas property buyers) on the demand side, and paying property agents, agencies, developers, serviced apartment operators, and individual landlords on the supply side. Beyond Hong Kong, Spacious has extended localized offerings to Mainland China (Shanghai via qianjus.com) and Taiwan (spacious.tw), giving it a multi-market Greater China footprint with offices in Sheung Wan and Shanghai.

The product surface spans two mobile applications — the Spacious Searcher App (千居搵樓App) for home seekers and the Spacious Lister App (千居放盤App) for agents and landlords — distributed across iOS, Google Play, and Huawei AppGallery, with 200,000+ cumulative downloads and a 4.6 star rating. The web platform layers on a mortgage calculator (按揭計算機), a property transaction records database (樓市成交數據) covering historical pricing and transaction volumes back to 1997, a content blog, serviced apartment listings, overseas property listings (including Greater Bay Area cities), and a professional tier called Spacious Pro that adds data analytics, augmented reality property viewing, and blockchain-based property record verification. Underlying technology is a web platform plus native mobile apps with integrated transaction data and mortgage calculation tooling; the company has no public API, SDK, patents, or disclosed AI/ML capabilities.

The business model is freemium and product-led. Consumers access the platform free of charge; revenue is generated from subscription/recurring listing fees paid by agents and agencies, advertising spend by property developers, listing fees from serviced apartment and serviced office operators, and subscription data services through Spacious Pro. Marketing relies on content/SEO, social media (Facebook, Twitter/X, Instagram), email newsletters, and earned media coverage in CNBC, Forbes, Bloomberg, SCMP, Financial Times, iMoney, Yahoo, and CGTN, supported by a research partnership with RICS for the Hong Kong Residential Market Survey. The company is privately held, has 1-10 employees, and has raised approximately $3.5 million in disclosed funding across a 2014 seed round ($500K) and a 2015 follow-on ($3M); no parent company, acquisition activity, or public listing is evidenced.

Name

Spacious

Legal name

LANDCROWD LTD.

Website

https://spacious.hk

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Spacious (千居) is a Hong Kong-based property technology platform operating a digital marketplace for residential and commercial real estate, serving property seekers, agents, developers, and serviced apartment operators across Hong Kong, Shanghai, and Taipei.

Ownership category

akta.pro rank

Product category

Real Estate Marketplace

NAICS

Rental and Leasing Services (532)

SIC

Real Estate (6500)

akta.pro primary industry

Direct Booking Platforms & Booking Engines for Hosts/Managers (THAMALAE)

akta.pro secondary industry

Corporate Housing Booking Platforms & Marketplaces (THAMAHAK)

Keywords

• Property search platform
• Real estate marketplace
• Property transaction data
• Mortgage calculation tools
• Serviced apartment listings

Headquarters

HQ city

Sheung Wan

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Agent/Agency Listings: Property agents and agencies pay to list their properties and advertise on the platform
2. Developer Advertising: Property developers advertise new developments on the platform
3. Serviced Apartment Listings: Serviced apartments and serviced office operators list properties on the platform
4. Data Services: Spacious Pro data analytics services for industry professionals including data analytics, augmented reality, and blockchain tools

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Spacious operates a Hong Kong-centric online property marketplace that aggregates residential, commercial, serviced apartment, and overseas property listings from real estate agents, agencies, developers, and operators. The platform provides free property search tools for consumers via web and mobile apps, alongside paid listing and advertising services for property suppliers, complemented by transaction data analytics, mortgage calculators, and a professional analytics subscription tier (Spacious Pro).

Product overview

Spacious operates a comprehensive property technology platform consisting of two main mobile applications (千居搵樓App for property seekers and 千居放盤App for agents/landlords), web-based tools including a mortgage calculator and transaction data service, a professional tier (SPACIOUS PRO) with data analytics and blockchain features, and content platforms including a real estate blog. The platform covers residential and commercial property for rent and sale across Hong Kong, Mainland China, and Taiwan, with additional services for serviced apartments and overseas properties.

Differentiator

Problem solved

Functional benefit

Products and services

• 千居搵樓App (Spacious Searcher App) Mobile application for individual home seekers to search for apartments and houses for rent or purchase in Hong Kong, with personalized search, district filtering, and direct agent contact functionality.
• 千居放盤App (Spacious Lister App) Mobile application for real estate agents and property owners to list properties, manage listings, and connect with potential buyers or tenants on the Spacious platform.
• 按揭計算機 (Mortgage Calculator) Online mortgage calculator tool that helps Hong Kong property buyers calculate monthly payments, loan amounts, interest rates, and view amortization schedules.
• 樓市成交數據/成交紀錄 (Property Transaction Data) Property transaction records database providing historical transaction data, price trends, and market analysis for Hong Kong real estate, covering villages, HOS flats, and primary market activity.
• SPACIOUS PRO Professional data and analytics subscription platform for industry professionals, featuring data analytics, augmented reality property viewing, and blockchain-based property record verification.
• 服務式住宅 (Serviced Apartments) Platform for searching and booking serviced apartments in Hong Kong, featuring listings across various districts with concierge booking assistance for business travelers and expats.
• 海外物業 (Overseas Properties) Platform for searching international properties marketed to Hong Kong residents, including Mainland China Greater Bay Area properties in cities such as Zhuhai, Zhongshan, and Dongguan.

Quantifiable outcome

• 4.6 star rating on app stores with over 1,000 ratings
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor.

• Royal Institution of Chartered Surveyors (RICS)minorStrategic or Co-development PartnerSpacious partners with RICS to conduct the Hong Kong Residential Market Survey, providing market insights and industry research collaboration
• CNBCminorOthersCNBC has featured Spacious as a leading property platform in Hong Kong
• ForbesminorOthersForbes has featured Spacious as a notable property technology platform
• BloombergminorOthersBloomberg has featured Spacious as a leading online property platform
• South China Morning Post (SCMP)minorOthersSCMP has featured Spacious coverage on Hong Kong property market
• Financial TimesminorOthersFinancial Times has featured Spacious as a notable property platform
• DesignpediaminorStrategic or Co-development PartnerDesignpedia is featured on Spacious blog as a home design matching platform partner, providing interior design referral services to property seekers

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• 28Hse (Squarefoot): Hong Kong's longest-running residential property listing portal, aggregating agent listings for buyers and renters. Directly competes with Spacious for agent listing fees and property-seeker traffic in the same HK market.
• Centanet: Property platform operated by Centaline Group, one of Hong Kong's largest real estate agencies, offering listings, transaction data, and mortgage tools. Comparable to Spacious in its dual-sided marketplace and data offerings, with the advantage of an integrated agency.
• Midland Realty: Major Hong Kong real estate agency with a strong digital listings portal covering residential sale, rent, and serviced apartments. Competes with Spacious for both agent advertising dollars and consumer property search traffic in HK.
• PropertyGuru Group: Leading property marketplace operating across Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam) with listing fees, agent subscriptions, and mortgage/financing products. Compares to Spacious on dual-sided marketplace mechanics and property data monetization across dense urban Asian markets.
• iProperty: Asia-based residential property portal operating across Malaysia, Singapore, Indonesia, Hong Kong, and the Philippines. Closely comparable to Spacious in its mobile-first listings platform, agent subscription model, and cross-market APAC footprint.
• Hong Kong Property (HKP): Hong Kong-focused property listing site aggregating residential and commercial sale and rental listings, with comparable reliance on agent subscriptions and property-seeker traffic in the same market as Spacious.

Broad incumbents

• Lianjia (Beike): China's dominant property marketplace and brokerage franchise with integrated agents, listings, and transaction data. Compares to Spacious on platform mechanics, though dramatically larger and operating with integrated agent workforces — a model Spacious may eventually emulate.
• Anjuke: Major Chinese property listing platform covering rental and sale listings nationwide. Operates as an aggregated marketplace of agent and developer listings, comparable to Spacious on revenue model and listing-driven GTM, but at vastly greater scale in mainland China.
• Zillow: US-based property platform with listings, transaction data, mortgages, and ancillary services. Provides the global reference template for a property portal monetizing listing ads, agent leads, and data products — the model Spacious is building toward in Hong Kong.
• REA Group (realestate.com.au): Australia-listed property portal operator with leading positions in Australia, India, and the US. Comparable to Spacious for the dual-sided marketplace, agent subscription revenue, and aggressive expansion into adjacent markets such as mortgages and home services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/spacious_hk
• Facebookfacebook.com/spacious.hk
• Instagraminstagram.com/spacious.hk
• LinkedInlinkedin.com/company/spacious-hong-kong

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spacious