The Business Times
SUBSCRIBERS

Ex-PropertyGuru execs bet big on rent-to-own in Indonesia

Summarise
    • MilikiRumah co-founders (from left) finance director Lau Xin Yuan, president director Marine Novita and CEO Winston Lee.
    • MilikiRumah co-founders (from left) finance director Lau Xin Yuan, president director Marine Novita and CEO Winston Lee. PHOTO: MILIKIRUMAH

    Yvonne Poh YS &

    Jofie Yordan

    Published Sat, Jan 25, 2025 · 10:15 AM

    CAN a minnow succeed where a whale failed?

    In August 2023, PropertyGuru exited Indonesia after shutting down its Rumah marketplace. The company said it had “tried a number of different business models” in the country but none worked out well.

    Now, two former PropertyGuru executives – Winston Lee and Marine Novita – want to have another crack at Indonesia.

    Tech in Asia

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    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