Online real estate marketplaces and property classifieds
Strategic Profile
PropertyGuru.com.sg was launched in 2007 and has helped drive the Singapore property market online, making property search transparent for users. The company positioned itself as the digital property marketplace leader across Southeast Asia before its acquisition, focusing on expanding data solutions and software products for enterprise and consumer segments.
Cyborg Score Rationale
In 2023, PropertyGuru's revenue was $150.14 million (up 10.45% year-over-year), though the company posted a loss of $15.27 million (an improvement from prior year losses). The company successfully achieved scale as Southeast Asia's leading PropTech platform, though profitability remained challenged before private equity acquisition.
Top Insights
Acquisition completed in December 2024 by EQT at USD 6.70 per share valuing the company at approximately USD 1.1 billion.
Revenue grew 10.45% year-over-year to $150.14 million in 2023, demonstrating market demand across Southeast Asia.
Company delisted from NYSE on December 13, 2024, transitioning from public to privately held status under EQT ownership.
Platform operates across five major Southeast Asian markets with diversified revenue streams including property listings, agent services, and data solutions.
Named Competitors
Mudah.my — Malaysian online classifieds and property marketplace
DDproperty — Thai property portal and real estate platform
Ninjaproperty — Indonesian property marketplace and classifieds
Zillow — US-based real estate and property information platform
Recent Developments
(December 2024) Acquisition completed by EQT Private Capital Asia for USD 1.1 billion; company delisted from NYSE
(October 2024) Shareholders approved merger agreement with EQT at extraordinary general meeting
(August 2024) Announced definitive merger agreement with EQT Private Capital Asia for USD 1.1 billion transaction
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