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Asif Ghafoor

CEO & Founder at Spacious | Helping businesses reach high-value property searchers in Hong Kong, Taiwan and China.

Asif Ghafoor is the Founder and CEO of Spacious, a leading property platform in Hong Kong that connects buyers, agents, and property owners. He established the company in 2014 after experiencing challenges in navigating the local rental market upon relocating from London, where he had a successful career at Goldman Sachs. His frustration with outdated real estate websites and poor-quality listings motivated him to create a more efficient and transparent platform for property searches in Hong Kong and the Greater Bay Area, China.123

Professional Background

Before founding Spacious, Ghafoor worked in various roles in technology and finance. He spent over a decade at Goldman Sachs, where he served as a Senior Development Manager in Equities Trading Technology. He later held a position as Director at Standard Chartered Bank, focusing on equity cash front office technology.125

Educational Background

Asif Ghafoor holds a Master of Science degree in Mathematics and Computer Science from University College London (UCL), which he completed between 1997 and 2001.12

Spacious

Under Ghafoor's leadership, Spacious has grown to become a prominent player in the property technology sector, generating significant inquiries and transactions for its clients. The platform is designed to provide a superior user experience with high-quality listings and effective search tools, addressing the issues he faced as a newcomer to Hong Kong.136

Spacious has also been recognized for its commitment to sustainability and data privacy, aiming to reduce the environmental impact of the property industry while ensuring the security of its users' information.34

Highlights

Jul 5 · linkedin

Thank you, Bloomberg, for featuring Spacious's data on how Hong Kong rents are recovering from the pandemic trough.

Here’s what you need to know:

  1. Hong Kong Rents are Recovering:  Rebounding 5-10% from the pandemic trough in 2022
  2. Pandemic Lows in Hong Kong: Rents fell by as much as 20% in 2022 from the pre-pandemic peak in 2019
  3. Hong Kong Rents Still Below the Pre-Pandemic Peak: Rents continue to trail below the pre-pandemic peak by about 10-15%.

(See the full article in the comments)

A little extra:

The chart shows the predictive power of Spacious.

Our Asking Price Rental Data has been a leading indicator of Hong Kong rental prices for 10 years.

Drilling into the data further, we see significant variations across the city, with some neighbourhoods performing substantially better than others. If you’d like to know what Spacious Data is predicting for your neighbourhood or product-mix - contact us to get the full report and get ahead.

Bloomberg chose Spacious, the leading property search platform in Hong Kong, for its independent real estate data.

Whether you’re an investor, property developer, agent, or journalist seeking a comprehensive perspective, we’re here to guide you.

Contact James Fisher or me directly for more information.

May 13 · linkedin

We're looking for a senior SEO manager to join our team. Let me know if you want to chat.

Related Questions

What inspired Asif Ghafoor to transition from banking to proptech?
How did Asif Ghafoor's experience in London influence his decision to start Spacious?
What challenges did Asif face when founding Spacious in Hong Kong?
How does Spacious ensure the quality of its property listings?
What strategies did Asif use to grow Spacious into the leading property platform in Hong Kong?
Asif Ghafoor
Asif Ghafoor, photo 1
Asif Ghafoor, photo 2
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Location

Hong Kong SAR