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

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”.