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 conquered foreign markets)
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