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PropertyGuru

PropertyGuru

PropertyGuru is Singapore’s property and home site, founded in 2007.

The site provides access to property and home-related products, services, news, advice, guides, tools and online property database in Singapore.

The founders are Steve Melhuish and Jani Rautainen.

PropertyGuru
HeadquartersSingapore
Founder(s)Steve Melhuish, Jani Rautiainen
IndustryReal Estate
Employees300+
WebsitePropertyGuru.com.sg
Alexa rank[[INLINE_IMAGE|https://upload.wikimedia.org/wikipedia/commons/thumb/9/92/Decrease_Positive.svg/11px-Decrease_Positive.svg.png|||h11|w11]] 8,618 (January 2016)[1]
Available inEnglish
Launched2004(2004)
Current statusActive

History

Singapore’s leading online property portal, PropertyGuru, was founded in May 2007 with its site officially launched in the following December.

Operations

PropertyGuru makes money in three ways: [2]

  • Agents fee: It charges agents a fee to use its platform.
  • Advertising: It sells ad spots on its online property and printed newsletter.
  • Property developers: It supports the entire campaign for property developers from advertising to sales.

Funding

In June 2012, the site raised S$60 million (US$49.1 million) from European property portal group, ImmobilienScout24.

[3] [4]

In June 2015, PropertyGuru got a S$175 million (US$129.3 million) investment boost from several investors that include US private equity giant TPG, Indonesian media company Emtek Group and Asia Pacific-based tech venture capital firm Square Peg Capital. [5] [6] And Scout24 – previously a minority shareholder exited the business to focus on their core wholly owned property and car online classified businesses in Europe. [7] [8]

Acquisitions

In December 2010, it acquired North Malaysia’s leading property portal Fullhouse.

[9]

In 2011, it acquired the top property website, Rumah.com, in Indonesia [10] and DDProperty.com in Thailand.

[11]

In Jan 2016, PropertyGuru acquired “Asia Property Awards” And “Property Report”.

[12]

References

[1]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Jul 13, 2016, 8:30 PM
[2]
Citation Linkalexa.com"propertyguru.com.sg Site Info"
Jul 13, 2016, 8:30 PM
[3]
Citation Linksg.finance.yahoo.com"The PropertyGuru Story, as Told by Co-Founder Steve Melhuish"
Jul 13, 2016, 8:30 PM
[4]
Citation Linke27.co"[Breaking] PropertyGuru gets US$48M funding from ImmobilienScout24"
Jul 13, 2016, 8:30 PM
[5]
Citation Linktechinasia.com"PropertyGuru Secures US$47 million Investment from ImmobilienScout24"
Jul 13, 2016, 8:30 PM
[6]
Citation Linktechinasia.com"Online property portal PropertyGuru bags $129M investment"
Jul 13, 2016, 8:30 PM
[7]
Citation Linkchannelnewsasia.com"PropertyGuru gets S$175m investment boost"
Jul 13, 2016, 8:30 PM
[8]
Citation Linksbr.com.sg"PropertyGuru bags $175m funding from three big-name investors"
Jul 13, 2016, 8:30 PM
[9]
Citation Linkwww.businesstimes.com.sg"PropertyGuru secures S$175m from 3 investors"
Jul 13, 2016, 8:30 PM
[10]
Citation Linksg.news.yahoo.com"AllProperty Media acquires North Malaysia's leading property site"
Jul 13, 2016, 8:30 PM
[11]
Citation Linkwww.propertyguru.com.sg"AllProperty Media acquires Rumah.com"
Jul 13, 2016, 8:30 PM
[12]
Citation Linkwww.propertyguru.com.sg"PropertyGuru acquires Thailand's DDProperty"
Jul 13, 2016, 8:30 PM
[13]
Citation Linktheonlinecitizen.com"PropertyGuru acquires “Asia Property Awards” And “Property Report”"
Jul 13, 2016, 8:30 PM
[14]
Citation Linksg.news.yahoo.com"PropertyGuru wins gold again at Mob-Ex Awards"
Jul 13, 2016, 8:30 PM
[15]
Citation Linkwww.propertyguru.com.sg"PropertyGuru Clinches Two Gold Awards at Inaugural Mob-Ex Awards"
Jul 13, 2016, 8:30 PM
[16]
Citation Linkredherring.com2011 RED HERRING TOP 100 ASIA
Jul 13, 2016, 8:30 PM
[17]
Citation Linkwww.propertyguru.com.sgPropertyGuru bags SVCA Best Performing Company 2010 Award
Jul 13, 2016, 8:30 PM
[18]
Citation Linkwww.propertyguru.com.sg"Singapore's PropertyGuru Scoops Prestigious CNBC “Best Property Portal Asia Pacific” Award!"
Jul 13, 2016, 8:30 PM