PropertyGuru: Portal not enough
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
LOSS-MAKING online real estate classifieds marketplace PropertyGuru may boast of its pole position in its core markets in South-east Asia, but it has to find a way to monetise its data in order to propel its growth beyond just a reliance on advertising revenue.
To this end, it launched its initial public offering (IPO) on Monday, spelling out its plans to use some of the listing proceeds to explore expansion into direct adjacencies, including providing property buyers with access to mortgage financing through an online mortgage marketplace, and developing other data offerings for its customers.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
