Is PropertyGuru a Singapore company?

PropertyGuru Group is a Singapore firm founded in 2006 by two successful entrepreneurs. The company is best known for running, Singapore’s leading property site (sources: Hitwise, Alexa and Google).

Who is the founder of PropertyGuru?

Steve Melhuish –
Steve Melhuish – Co-Founder & Board Director – PropertyGuru Group | LinkedIn.

How does PropertyGuru make money?

PropertyGuru makes money by charging agents a fee to use its platform and by selling advertising online and in printed newsletters. In Singapore, the startup holds about 90 per cent of the market, more than the next four rivals combined.

How big is PropertyGuru?

Over the last five years, PropertyGuru has grown from having 1,000 to 24,000 property agents using its site. In 2011, the company made the ambitious move of expanding to Malaysia, Thailand, and Indonesia. In hindsight, Steve recalled that it was a big mistake tackling so many countries in one go.

Can I buy property in Singapore as a foreigner?

Yes, foreigners can buy property in Singapore, but with certain restrictions. Only Singapore nationals and permanent residents can avail of the subsidized housing by the Housing & Development Board (HBD).

Can Singles buy EC?

Singles can buy new ECs, but only under the Joint Singles Scheme. You will need to form a household of 2, 3 or 4 singles, all of whom must be Singapore citizens and at least 35 years old. Note that ECs are significantly more expensive than HDB flats.

How did property guru start?

Melhuish co-founded PropertyGuru due to his personal frustrations of trying to find a new home in 2006. Since then, the company has grown to become Southeast Asia’s leading online real estate platform, used by over 16 million property seekers every month.

Is PropertyGuru profitable?

PropertyGuru is expecting revenue in FY2022 to grow 44 per cent year on year to S$145.1 million. Its higher revenue estimates come on the back of the group’s strong business momentum in the year to date as well as its projected growth of South-east Asian markets as they emerge from the impact of Covid-19.

Is PropertyGuru a unicorn?

The Singapore-based unicorn will focus on growing the company beyond its core property listings business and rolling out ancillary services such as mortgage and home insurance broking, and data analytics, says Melhuish.

Is PropertyGuru a listed company?

PropertyGuru Group, a property technology company from Southeast Asia, opened for trading Friday after completing its $1.61 billion merger with a blank- check company backed by billionaires Richard Li and Peter Thiel. The listing isn’t the first time that PropertyGuru (ticker: PGRU) tried to go public.

How much is a condo in Singapore?

2021 Property prices in Singapore

Type HDB BTO Flats (Non-Mature Estates) Private Condominiums ^
Two-Room (Flexi) $90,000 to $162,000 $800,000 to $900,000
Three-Room $164,000 to $248,000 $970,000 to $1.2m
Four-Room $253,000 to $381,000 $1.4m to $1.8m
Five-Room $405,000 to $516,000 $2m to $2.2m