PropertyGuru, Southeast Asia’s leading property technology company, today announced it has entered into a share purchase agreement with MyProperty Data Sdn Bhd, Malaysia’s largest online property data company.
With this acquisition, PropertyGuru further strengthens its leadership and commitment in the country.
After being recognised as the largest property site by the Malaysia Book of Records, providing home seekers with the most home choices, PropertyGuru also becomes the provider of the most comprehensive property data and insights to home seekers, real estate agents, developers, financial institutions, credit rating agencies, and valuers.
MyProperty Data provides property data analytics and insights leveraging over 6 million unique records across sales, rentals, auctions, new development and geospatial information along with proprietary datasets in demographics, location, liveability and more.
Combining the forces of MyProperty Data’s data and expertise with PropertyGuru’s proprietary market insights, its data science and technology capabilities, PropertyGuru will now serve Malaysia with high quality and most comprehensive property and geospatial data, insights and data-backed solutions.
The acquisition will provide greater transparency and insights to the property industry to help manage growth opportunities, improve business performance, and manage risk. Market intelligence on locations, upcoming projects, amenities, and demographics will enable property developers to plan future projects.
Malaysian home seekers are expected to benefit the most from this ease of access and transparency on real-time transaction data and other factors that influence property valuations and their buying decisions.
Agents will benefit from valuable insights on pricing trends as well as detailed home reports which they can share with customers. Financial institutions and valuers will benefit from MyProperty Data’s proprietary property valuation management tools to better manage risks and achieve greater efficiency.
“Our goal is to empower Malaysians with accurate and easy access to data for every step of their property journey so that consumers can buy or sell property at the right market price and capitalise on potential gains in the future, “ says Manav Kamboj, Chief Technology Officer, PropertyGuru Group
Joe Hock Thor, Managing Director, MyPropertyData, said “This acquisition advances the goal we share with PropertyGuru – empowering Malaysians with accurate transaction data, so that they neither overpay nor underpay when making decisions.”
Advancing on the mandate to assist Malaysians in their home ownership aspirations, PropertyGuru now focuses on bringing transparency with data as it moves towards creating an integrated property ecosystem.
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