The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    The message was sent with addresses under the carbon copy feature instead of blind carbon copy, meaning that all recipients could see all the other e-mail addresses in the chain. 

    LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More