Revenue & Traffic Doubles for Asia’s Leading Property Portal Group
Singapore: 23rd May 2012 - PropertyGuru, Asia's leading property portal group, announced an outstanding start to 2012 with revenue and Internet users growing more than 100% over the same period of 2011 – and as a result extending its market leadership position in its core markets of Singapore, Thailand, Malaysia and Indonesia.
Revenue grew by 2.4 times compared to the same period of 2011. This was primarily due to a 50% increase in paying agent subscribers to reach over 20,743 agents, a rise in large contracts from real estate developers and non-property advertisers across the region as well as success of its newly created regional events business since April 2011.
PropertyGuru saw a 128% rise in Internet users over the previous 12 months, of which over 26% was recorded in Q1 alone, to reach 8.2 million visitors viewing 65 million property pages in April 2012 compared to 3.6 million visitors for the same month last year.
In Singapore, www.PropertyGuru.com.sg and www.CommercialGuru.com.sg accounted for 85% of all total page views from property seekers using property portal websites in Singapore according to Google AdPlanner, and over double the number of user views as compared to all other competitor’s property portal traffic, securing its overall leadership position. Likewise, the Company also fared well with significant traffic growth in Malaysia, Indonesia and Thailand aligned with the aim of expanding its property portal share to maintain regional dominance.
PropertyGuru has also invested heavily in mobile innovation over the last 12 months – responding to the growing trend of consumers using smartphone and tablet devices to access the internet. The Company grew from 2 mobile apps in 1 country to 12 mobile apps in 4 countries. New services recently launched include a Blackberry Agent app and Blackberry Consumer app, the first and only property-related applications for the Blackberry in Indonesia as well as Android Agent application in Malaysia. In addition, PropertyGuru Singapore’s iPhone application saw four million monthly page views and over 200,000 enquiries for advertisers - every month. 26% of all PropertyGuru users in Singapore now originate from a mobile device, versus an average of 15% to 16% for Malaysia, Thailand and Indonesia.
Steve Melhuish, PropertyGuru Group’s CEO, said, "We've had an incredible start to 2012. Revenue, traffic and agents all continue to grow faster than expected. We've increased our market leadership and established ourselves clearly as Asia's leading property portal group, with a strong presence in 9 countries directly and via partners. Our continued investment in innovation is paying off with over 111,000 mobile downloads just in the first 4 months of the year - helping our clients to find and advertise properties easier and more conveniently."
New Key Hires
In an effort to further strengthen and steer future regional success, PropertyGuru Group appointed industry veterans to take the helm in two key positions: Chris Antonius, new Country Manager for Indonesia and Joel Lim as Regional Head of Events.
Chris Antonius joined the PropertyGuru Group in April from Jobstreet, where he was Country Manager. He brings a strong online, business development, sales and marketing experience gained in digital media, financial services and property industries.
Responsible for the creation as well as support of profitable and attractive events as part of an integrated solution for PropertyGuru’s clients, Joel Lim‘s dedication towards sales and marketing management together with his more than 13 years experience in the MICE industry will play a critical role in shaping the company’s growth trajectory in the coming months.
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Media Contact:
Ms Winnie Khoo
Chief Operating Officer
Contact number: +65 6238 5971
Email: winnie@propertyguru.com.sg
About PropertyGuru Group:
PropertyGuru was founded in 2006 as a self-funded company, with a vision to make the property search process a breeze for buyers, sellers and investors. Benefitting from Asia’s growing affluence in property and the online boom, it received its first VC investment funding in 2008. Since then, the company has grown rapidly, reaping profits and positive cashflow in 2009 and tripling its revenue growth in 2010.
PropertyGuru is now Asia’s leading online property portal, with a presence in ten countries, including offices in Singapore, Malaysia, Indonesia, Thailand and partnerships with leading property websites in Australia, Hong Kong, India, Vietnam, Macau and China. It has almost 8 million buyers viewing 60 million property pages monthly, with a growing database of 500,000 opted-in buyers and almost 18,000 paying real estate agents.
PropertyGuru provides an integrated media platform that real estate developers and agencies can use to promote their brands and generate sales leads. The entire PropertyGuru community boasts 400,000 residential and commercial properties and clients include almost 500 prominent developers and agencies from Asia, Europe and the Americas.
PropertyGuru has also won multiple awards, including the Overseas Property Professional "Best Online Media (Gold) Award 2011" and "Best Online Service (Silver) Award 2011", Red Herring "Top 100 Asia Technology Award 2011", Hitwise "No.1 Website in the Property Industry" award, the Singapore IT Federation (SITF) award for "Best Mobile Application (Merit) 2011" and "E-Enterprise Company 2010", the Singapore Venture Capital & Private Equity Association (SVCA) award for "Best Performing VC Backed Company 2010", Marketing Magazine's "Top Digital Media of the Year 2010" award, CNBC World's "Best Property Portal Award 2009" and the "Google Zeitgeist Singapore 9th Fastest Rising Search Term 2009".
Asia’s Leading Property Portal Group includes:
www.PropertyGuru.com.sg is used by over 2.4 million consumers viewing 33 million pages, generating over 250,000 leads for advertisers every month. PropertyGuru.com.sg is the 2nd largest domestic website in Singapore. It provides real-time access to multimedia-rich content covering property-related products, services, news, advice, guides, tools and the largest online property database in Singapore.
www.CommercialGuru.com.sg was launched in August 2010 and is used by 200,000 business users browsing 2 million pages and generating over 50,000 leads for advertisers every month. It is Singapore’s only independent, dedicated commercial and industrial property portal and is the 2nd largest property website in Singapore, behind PropertyGuru.com.sg.
www.LoanGuru.com.sg was launched in January 2010 as an independent online mortgage brokerage, providing real-time access to over 300 mortgage packages from 23 major local and international banks. It generates over 500 loan leads per month.
www.PropertyGuru.com.my is the fastest growing Malaysian property portal set up as part of a joint venture between PropertyGuru Group and Malaysia's RedBerry. PropertyGuru has over 800,000 visitors viewing more than 4 million pages monthly. With over 110,000 listings and 3,500 agents signed up, PropertyGuru gives consumers the platform to find properties for purchase, sale, rental or investment and a direct channel to search for and contact agents. An SME Tiger Award Winner for Online Business (Gold Award), PropertyGuru is designed with the end-user in mind; featuring real-time access to multimedia-rich content, covering property-related products, services, news, advice, guides, tools and a rapidly growing online property database in Malaysia.
www.Rumah.com was founded in 2007 and is Indonesia's top property website, with over 1 million visitors viewing over 7 million pages every month. The website lists over 120,000 properties for sale and rent in Indonesia and has a database of 11,000 opted-in members. Rumah.com is an online media campaign that provides the ideal search experience for all types of property: residential, commercial and industrial. It allows sellers and renters to place on its site property advertisements which can be easily viewed by prospective buyers, who can search for property based on location and / or price.
www.DDProperty.com was established in 2007 to help Thai consumers find their desired properties for sale and rent in the fastest and most efficient way. There are over 1.3 million visitors viewing more than 8 million pages every month, making it one of Thailand’s top property portals. DDProperty.com allows users to search for residential and commercial properties and constantly finds new ways to improve its navigation and search capabilities to allow consumers to find their dream property quickly.