Proof of Usefulness Report

Spacious

Analysis completed on 1/30/2026

+372
Proof of Usefulness Score
Certified Problem Solver

Spacious.hk is a verified, market-leading property platform in Hong Kong with strong real-world utility and a decade of profitable operation. While the project entity is high-value (comparable to or exceeding the calibration baseline in utility), the submission itself contained low-effort data entry (e.g., 'most people have used my product'), which penalized the Response Quality score. However, the confirmed 1M+ monthly reach and problem-solution fit drive a solid final score.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+132.0
Audience Reach Impact+70.0
Technical Innovation+48.75
Evidence Of Traction+100.0
Market Timing Relevance+37.5
Functional Completeness+3.9
Subtotal+392.15
Usefulness Multiplierx0.95
Final Score+373

Project Details

Project URL
Description
Spacious, Hong Kong's #1 internet property platform, helps to make finding a property and a home, one of life's most stressful events, easier and more efficient. Spacious has been providing the best-in-class search experience for property hunters in Greater China with its premium user interface, offering the highest quality listings and data comparisons for more than half a decade. This focus enables Spacious to generate the highest quality enquiries for property agents, developers, etc., who pay to list.\n\nIn November 2007, after six years with Goldman Sachs in London, our founder, Asif Ghafoor relocated to Hong Kong.\nWhen the time came to find his own residence, his experience searching for a place online was extremely frustrating and unrewarding. Navigating Real Estate websites proved difficult due to poor design. Asif assumed someone else would surely find a solution but after years of waiting and seeing no improvement, Asif decided to leave a successful career in finance and create Spacious.hk, the highest quality real estate listing platform in Hong Kong.\n\nSpacious is a profitable, self-sustaining and proven business that is growing very quickly. We have over 1,000,000+ monthly high-value property searchers visiting our website/mobile app.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline