PropertyGuru Group, Asia’s leading online property group, today announced that it has made a strategic investment in Vietnam by acquiring Batdongsan.com.vn, Vietnam’s No.1 property site.
Batdongsan is used by over 2 million people in Vietnam every month, with four times more monthly visits than its nearest competitor.
The company features the most property listings for consumers, the highest number of agent clients and employs approximately 500 staff at seven offices across Vietnam.
“This investment adds another core market to PropertyGuru’s existing portfolio of leading property sites in Singapore, Thailand, Indonesia and Malaysia,” said PropertyGuru Group Co-Founder and Executive Director Jani Rautiainen.
Vietnam is one of the most populated smartphone markets in Southeast Asia and known as one of the fastest growing internet markets globally.
With this investment, the two companies will collaborate more deeply to share market knowledge and industry best practices and increase collaboration across sales, marketing, and product innovation.
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
