The emergence of new technologies, represented by AI, is bringing about new changes in society. This paper focuses on the 'Significance and challenges of DX promotion in the real estate market' with the aim of improving the productivity of real estate operators. New information technologies, such as AI, are considered to be driving the fourth industrial revolution. However, the adoption of such technologies has been slow in the real estate industry compared to other sectors like finance and retail. This is largely due to the unique characteristics of the real estate industry and the opportunity cost of replacing human labor with machines. To promote DX in the real estate market, it is crucial to design an appropriate division of labor between humans and machines. While the real estate industry cannot be fully replaced by machines, it can only be successful with human involvement. Therefore, it must be designed in a way that allows humans to operate effectively, rather than seeking to replace them with machines or prioritize efficiency over human input. This paper begins by introducing new technologies and then provides an overview of the current DX situation in the real estate industry. It goes on to offer guidelines for the future, focusing on what kind of real estate market would best facilitate the evolution of the industry and improve the lives of both households and companies.

GA technologies is the only company in the real estate industry in Japan to be selected as a DX stock by the Ministry of Economy, Trade and Industry for three consecutive years. Based on such a performance for being selected as a DX stock and the research activities and case studies carried out by the AI Strategy Center, an in-house research &development department in GA technologies, this paper will specify the success factors in promoting DX and examine methods of how to respond to the transformation in the industry.

Practical analysis of Real Estate Security Token in Japan by a project leader of Kenedix, Inc., the largest real estate asset management company in Japan.

This article explains the concept of the Real Estate ID（ Fudosan ID） which means a number that uniquely identifies the land or the building by using the fudosan bango （real estate number） registered in the real estate registration. It also points out some of the issues relevant to the Real Estate ID such as the personal data protection.

Online real estate transactions have been progressing sequentially following the recent national IT strategic inititatives. Last year the Real Estate Transaction Law was revised, enabling online transactions to be treated the same way as traditional in-person transactions. The Ministry of Land, Infrastructure, Transport and Tourism （MLIT） will further promote efforts to improve the productivity of the real estate industry as well as the convenience of people's lives.

Now is the big chance for small and medium-sized real estate companies to transform their companies by leveraging technology to improve productivity. To take advantage of this opportunity, it is important to set clear corporate vision, share the purpose of DX with employees, and ultimately create new corporate value such as improving regional value.

This paper analyzes the challenges faced by the commercial real estate market in Japan and explore the current state of proptech, particularly in the utilization of data, to address these challenges through digital transformation （DX）. The Japanese commercial real estate market is vast, with Tokyo boasting the world's largest market size. However, it has a low evaluation in global transparency surveys. Access to fundamental market data is particularly limited, and the adoption of proptech lags other advanced countries and Asian nations. “estie market reseach” is the largest office real estate database and analytical platform in Japan, providing non-public data such as rent and vacancy to major real estate developers, asset managers, and property managers. Based on this market data, “estie market reseach” is used to quickly iterate measurements and improvements in rent determination processes, seeking more optimal rent levels. This serves as a practical example of the application of commercial real estate proptech in Japan.

It is generally said that digital transformation of real estate is more advanced in the United States than Japan. The purpose of this study is to figure out where this difference comes from. It does not come from digital skill difference between American agents and Japanese agents, but from real estate industry structure difference. American agents have more incentive to leverage technology and improve user experiences than Japanese agents.

HM Land Registry, the non-ministerial department responsible for land registries in England and Wales, has announced Strategy 2017-2022, aimed at 100 ％ land registration and full digitalization of registrations and all procedural process. In 2022, they announce Strategy 2022^＋ , so this paper introduce its contents and effects.

This thesis provides a discriminant for rebuilding an apartment. By input real estate data for the discriminant, unit owners can obtain an answer that represents the apartment approaches rebuilt apartment samples or unrebuilt samples. The conclusion proves not only an importance of the rate of reduction, generally most important factor, but also high effect by expansion of the site area for the rebuilding.