29 May '12, 4am

PropertyGuru doubles revenue and Internet users over one-year period @SGPropertyGuru

PropertyGuru doubles revenue and Internet users over one-year period May 29, 2012 by Terence LEE PropertyGuru , a leading property portal company in Asia, announced last week that their revenue and Internet users have more than doubled in a year, compared to the same period in 2011. The Singapore-based company claims to have market leadership in Singapore, Thailand, Malaysia, and Indonesia. Its main competitor is Malaysia’s iProperty , which also has a presence in several Asia-Pacific markets. PropertyGuru’s revenue growth, which grew 2.4 times, is attributed to a 50 percent increase in paying agent subscribers to over 19,100 members, a rise in large contracts from real estate developers and non-property advertisers across the region as well as a successful newly-created regional events business since April 2011. (Read: Interview with CEO Steve Melhuish on how PropertyGuru...

Full article: http://sgentrepreneurs.com/news-stop/2012/05/29/propertyg...

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