The Online AI Rental Brokerage Service, ietty, Surpasses 400,000 MembersReport on Tokyo Rent Trends by ietty

SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ: “SYT”; hereafter “SYLA” or “the Company”) announces that the membership of “ietty,” an AI-based online real estate rental brokerage application operated by the Company’s wholly owned subsidiary, SYLA Co., Ltd., has surpassed 400,000.

ietty’s Membership Quickly Surpassed 400,000 Shortly after Reaching 300,000
Amid rapidly increasing demand for online customer service in the real estate brokerage industry following the COVID-19 pandemic, the online real estate rental brokerage application “ietty” has surpassed 300,000 registered members in March 2024. Now, it has exceeded 400,000 members on May 8, 2024.
ietty’s online customer service streamlines and digitizes the rental brokerage process by offering a one-stop solution for property showings, viewings, and rental contracts via smartphone. Users have access to properties not publicly available on the Internet, allowing them to search for and preview properties on their own smartphones or PCs, thereby saving time and effort.
It facilitates application and contract signing process once customers find a room they like, and its popularity is steadily rising, particularly among young generations in their 20s and 30s. Additionally, ietty offers a 50% discount on agency fees for all properties. ietty remains focused on enhancing its services so that an increasing number of users feel secured in searching for rooms.

Rent Trend Report
In the 23 wards of Tokyo, rents have been gradually rising since the COVID-19 pandemic subsided. This increase has become more intense since 2023, and the upward trend is expected to continue into 2024 and beyond. According to data from ietty, this pattern is also reflected in the properties managed by the SYLA Technologies Group, with both the average rent and the percentage of properties of rent increases showing sharp rises from 2023 onward. Similarly, in the rental brokerage business of ietty and the SYLA Technologies Group, desired rents set by customers have also risen since 2023.

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SYLA Technologies Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
[email protected]