The Business Times
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PropertyGuru sees healthy demand for 2023; no plans to cut jobs

Janice Lim

Janice Lim

Published Mon, Dec 19, 2022 · 05:50 AM
    • Hari Krishnan, chief executive officer of proptech company PropertyGuru, said the company would cut investments into certain projects if business slows down.
    • Hari Krishnan, chief executive officer of proptech company PropertyGuru, said the company would cut investments into certain projects if business slows down. PHOTO: JANICE LIM, BT

    TALK of Singapore’s property sector slowing down as a result of successive cooling measures is still just talk, said PropertyGuru’s chief executive officer Hari Krishnan.

    As a property listings platform, PropertyGuru occupies two spaces that are facing some headwinds: property and technology. The former is expected to see a slowdown as interest rates rise, cooling demand for big loans. The latter is shedding jobs, partly due to overly enthusiastic hiring.

    Krishnan, however, foresees “very healthy” demand for the property sector in 2023. And he told The Business Times that the proptech company would not be looking to cut any jobs.

    ToplinePropertyGuruSingapore propertyTech layoffs

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