Business Loans

This SME pioneered the use of 3D virtual tours to view properties and now they are expanding!

Eric Koh
May 21, 2019

Left: Eric Koh of Lendingpot.sg with Sophie Wang, Director of SpotWorks Pte Ltd.
Right: Architectural 3D Rendering of Park View Square, Singapore: SpotWorks


“Better Than Real” is the tagline which sums up the work that local creative studio SpotWorks Pte Ltd specialises in.

Along with its sister company IMME VR, SpotWorks uses the latest augmented reality (AR), virtual reality (VR) and 3D-imaging technology to create engaging videos, animation and virtual tours of architectural buildings and property interiors, bringing the future to life.


Technology as the medium

Their services empower architects, developers and real estate agents by allowing them to leverage digital technology to showcase their products.

A diverse range of visualization options can be used for both existing, as well as yet-to-be-completed, projects.

These are some of their key products.


  • 360° Photo Virtual Tour (Existing Property)
  • Converting a set of 360° photos of an existing property into an interactive tour for viewers online. This is most commonly used by real estate agents in Singapore to showcase their beautiful properties.

3D 360° Virtual Tour (Yet-to-be-Built Property)

  • This offers the same interactive tour, however, this entire image is computer generated. Property developers use this to showcase the interiors of yet-to-be-built properties.

Architectural 3D Rendering (Image)

  • The most basic tool for architects, developers and interior designers. These simple still-image visualizations will highlight how a property will look after development.

Architectural Movie

  • Architectural movies use the same 3D rendering technology, allowing viewers to “fly” through large buildings and developments, hence experiencing the entire development space.

4k 360° Walk Through Animation

  • This allows viewers to have complete control of where and what they are looking at in a 360° virtual environment, in 4k video clarity. Every square inch of this video is computer generated.

3D Real Time Architectural Visualization

  • The company is among the first to launch an application for the Oculus Rift VR headset, allowing viewers to immerse themselves in a virtual environment in real-time. This is a step-up from the 4k 360° Walk Through Animation.

Augmented Reality Floorplan/Video Play

  • This augmented reality application uses the latest technological advances to project a creation directly onto the floor plan of a property. Watch this video to see just how far technology has progressed.


Growing Beyond Singapore

Together, SpotWorks and IMME VR have completed projects in over 27 countries. Singapore, China, the United States and United Arab Emirates have currently been identified as their key markets.

To scale the business, the directors intend to set up subsidiaries in the United States. This will allow them to reach their target clients more effectively.

Through the Lendingpot platform, the directors were connected to representatives from over 35 bank and non-bank financial institutions in Singapore.

After discussions, the directors decided to work with OCBC as they felt that the local bank offered the best proposal to support their business expansion plans.


Speed and Efficiency of Assistance for SMEs

The directors of SpotWorks received 2 key types of assistance during their successful search for a business expansion partner.

Firstly, they were able to speak to a business advisor from an SME Centre.

Ms Amanda Tan*, a senior business advisor from SME Centre @ SouthWest, not only provided clarity about the government’s assistance for small business owners, she was also able to guide them towards the right business contacts.

Secondly, the business relationship team from OCBC responded rapidly after being notified by Lendingpot’s Business Loan Marketplace.

It took them less than 3 working days to come up with a proposal after receiving additional documents from the company directors.

*SMEs are able to contact and schedule a session with Ms Amanda Tan via LinkedIn.


Try out SpotWorks’ services today!

As one of the pioneers of visualization technology in Singapore, they are trusted by interior designers, property agents, architects and developers.

They are partly responsible for this shifting trend towards using technology in property sales.

The directors of SpotWorks are grateful for the support and to give back to their core group of clients, they are offering this special deal through Lendingpot.sg!

  • 1st artist impression perspective free!  (Quote: Introduced by Lendingpot.sg)
  • For new interior designers, property agents, architects or developer clients!
  • 50% off 360° Photo Virtual Tour! (Quote: Introduced by Lendingpot.sg)
  • For new real estate agent clients!


Request for a Business Loan Now!

Lendingpot.sg operates a Business Loan Marketplace that allows an SME to connect to multiple lenders with just one application, allowing the SME to know who its prospective lenders are and the rates that they offer, in a very short time.


Leading digital loan marketplace Lendingpot connects SMEs to its network of 45 lenders comprising relationship managers from banks, financial institutions, and private and peer-to-peer lenders in Singapore. It aims to help SMEs overcome the information asymmetry problem and lack of transparency prevalent in the SME financing sector by offering SMEs financing options such as business term loans, property loans, revenue-based financing, credit lines, working capital loans, bridging loans, invoice financing, and more.

About the author

Eric Koh is passionate about helping SMEs grow and has spent years interacting with business owners at OCBC and IFS Capital. He is interested in 70s rock ‘n roll, the odd novel and copious amounts of historical trivia.

SMEs
3D virtual tours
SpotWorks Pte Ltd
creative studio
technology
business

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