Transaction will see enterprise value of US$1.35bil & equity value of US$1.78bil PropertyGuru’s shareholders, will retain over 70% ownership of listed entity
PropertyGuru to acquire Australia’s REA Group’s iProperty Malaysia and thinkofliving Thailand assets for 18% equity
PropertyGuru strengthens position as Southeast Asia’s Proptech leader REA Group to become shareholder and take seat on PropertyGuru Board
Juwai IQI’s data and technology centre, located in Kuala Lumpur, is expected to hire more than 1,000 employees that include digital roles
Beyond property searching and post-purchase, Ohmyhome offers users the option to obtain renovation services in a simpler and more transparent manner
Founded by Eric Tan and Catcha Group’s cofounder Patrick Grove, Instahome is set to make home rentals much easier through a platform that facilitates rental digitally while ensuring a hassle-free rental experience.
New executives will support company’s long-term growth ambitions Adds venture builder unit and new Smart City & Urban Tech line of business
In largest startup investment in SEA since Covid-19 hit, PropertyGuru raises additional US$220mil from TPG and KKR
The Southeast Asian proptech company will be utilising the newly-raised funds to invest in identified strategic areas of growth across the Southeast Asian region, wherein it has a majority of the market share.
The open innovation proptech hackathon, which Grand Finals just concluded, saw 64 teams competing to build tech-based solutions for the property market.
KipleLive is a proptech product that integrates AI facial recognition and other solutions to allow businesses to enter the Low Touch Economy.
The proptech which offers rental solutions for tertiary and young professionals managed to pass the selection panel despite facing tremendous COVID-19 challenges.