Propertyguru Moves Toward Profit

• 30 May 2017
• Construction Focus
• 944 Views

Southeast Asia’s leading real estate website, PropertyGuru, expects to surge into profitability in 2017 as it experiences massive growth in ASEAN property markets, especially in Vietnam and Indonesia.

Vietnam recently became PropertyGuru’s fifth market after Singapore, Malaysia, Thailand and Indonesia. “We have hyper-growth, our revenues are growing over 30 percent,” CEO Hari Krishnan, told Deal Street Asia. “We are a market leader in four of the five markets and the largest in the region by any measure whether traffic, total listings, revenues.”

Founded in 2007, the Singapore-based company now caters to 16 million users per month. Its website lets users search for properties based on location, type and price, and see photos of interiors along with floor plans.