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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

    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”.

    apac realtyPropNexHuttonsSavillsData analyticsM&A

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