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

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.