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ERA, Huttons, PropNex, Savills to own Real Estate Analytics shares with SoReal deal

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Fiona Lam

Fiona Lam

Published Thu, May 12, 2022 · 09:00 AM
    • SoReal Prop provides applications with real-time transaction data and analytical tools to property agents in Singapore. It also offers data services to corporates.
    • SoReal Prop provides applications with real-time transaction data and analytical tools to property agents in Singapore. It also offers data services to corporates. SPH

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    DATA and artificial intelligence (AI) provider Real Estate Analytics has acquired Singapore property technology (proptech) firm SoReal Prop in a cash-and-equity deal. The deal value and other details were not disclosed.

    Leading property agencies ERA, Huttons and PropNex , as well as real estate service company Savills — which were SoReal’s majority shareholders before this transaction — will become minority shareholders in Real Estate Analytics.

    In a statement on Thursday (May 12) morning, SoReal Prop said the acquisition by Real Estate Analytics “will form a strong partnership with the largest real estate brokers in Singapore”.

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    apac realtyPropNexHuttonsSavillsData analyticsM&A

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