PropertyGuru makes largest investment to date in Vietnam property portal

Romesh Navaratnarajah5 Oct 2016

PropertyGuru and Batdongsan Leadership 1 (002)-crop

PropertyGuru extends its presence to Vietnam, adding a fifth core market to its property portals portfolio. (Photo: PropertyGuru)

Real estate group PropertyGuru announced on Tuesday (4 October) that it has made a strategic investment in Vietnam’s leading property website

Financial terms were not disclosed by both parties, but this is understood to be PropertyGuru’s largest investment to date, and gives the group two out of five seats on Batdongsan’s board.

Started in 2006, Batdongsan is used by more than two million people in Vietnam, and has over 50 million pageviews every month.

The investment increases PropertyGuru’s foothold in one of the largest and fastest growing countries in Southeast Asia. Vietnam’s GDP is expected to continue growing at 6.0 to 6.5 percent till 2020.

In addition, the number of internet users in the country has surged to about 50 million, while mobile connections far exceeds the population.

“PropertyGuru and Batdongsan have been close partners for the past three years. With this latest strategic investment in the business, we will continue to build on our established partnership, and accelerate Batdongsan’s growth over the coming years,” said Jani Rautiainen, Executive Director and Co-Founder of PropertyGuru Group.

Vietnam is the fifth core market for PropertyGuru, which has an existing portfolio of portals in Singapore, Malaysia, Thailand and Indonesia.


Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email


You may also like these articles

PropertyGuru, NTUC to help estate agents amid tough environment

Attendees taking a group photo at PropertyGuru's ninth Agent Summit. (Photo: PropertyGuru) In a bid to equip real estate agents in Singapore with new skills to tackle dwindling property sales amid

Continue Reading12 Aug 2016

PropertyGuru appoints Prince as CFO

Daan Prince brings 12 years of experience in value creation, business growth and change management. (Photo: PropertyGuru) Real estate player PropertyGuru has appointed Daan Prince as its new CFO, e

Continue Reading24 Aug 2016

PropertyGuru announces leadership change

Steve Melhuish (centre) becomes Vice Chairman, and Hari Krishnan (right) is promoted to CEO. (Photo: PropertyGuru) After nine years heading up PropertyGuru Group, co-founder and CEO Steve Melhuish

Continue Reading6 Sep 2016