Juwai IQI Announces Merger with iRealty and Closes Successful Virtual Tour

November 23, 2020
Share this Post: 

Big news from the Chinese real estate heavyhitter

Malaysian real estate company, iReal Property Sdn Bhd (iRealty), has announced that it will be joining IQI, the real estate agent network owned and operated by Juwai IQI.

With this merger, iRealty’s Kuala Lumpur, Kuantan, Johor, Perak, and Selangor agents will work under the IQI brand and technology, which includes the super-app. Muhazrol Muhamad, iRealty’s Co-Founder and CEO, will also run the Bumiputera Segment at IQI, moving forward.

Muhamad said:

“Joining Juwai IQI will give us access to the technology and greater resources that we need to keep thriving. I’m confident this merger will provide our team with new opportunities to better serve their clients and their communities.“

IQI Global Group CEO Kashif Ansari said:

“We are excited to have iRealty join Juwai IQI. The merger will enable us to expand our footprint, grow our team, and better serve both developers and consumers."

Juwai IQI Executive Chairman Georg Chmiel said:

“Our mission is to help residents of Asia become residents of the world by offering them property from as nearby as their own neighborhood and from as far away as the other side of the globe. I’m excited about this merger between IQI and iRealty because it expands our reach in Malaysia and will make us even more successful there.

“COVID has accelerated the trend in the real estate industry towards greater use of technology. The agents and the companies that succeed over the next ten years will be the ones that are best able to deploy technology.”

This news comes alongside the successful end to Juwai IQI’s Adapt International Convention 2020, a virtual event where like-minded real estate industry professionals connect and network, sharing the latest trends, technologies, and information in real estate.

Over 280 speakers attended the online event. There were over 200,000 registered attendees, and it was presented in 35 languages.

Partners to the event include:

  • Baidu
  • ESXIM
  • Asia PropTech
  • MDEC
  • MIPEAC
  • MyKey
  • Xiao E-tech
  • Habitat information
  • OrangeTee
  • Geocon
  • Matterport

Events media partners include:

  • JD.com
  • SinoVision
  • AFN Daily
  • Investment Migration Insider
  • Shanghai Services Federation Fintech Professional Committee
  • Wealth Magazine
  • New Channel
November 23, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

People Roundup 14Feb
People Roundup: Redfin, McMakler, Alma Media, Tsukuruba, Purplebricks

This week's people roundup starts in a sombre mood after Redfin announced a major round of layoffs driven by a...

Read More
Product Update 2025Feb14 1
Product and Services Roundup: Zillow, Domclick, CoCampo, Mogul

In a weekly news cycle dominated by Zillow, it's only fair to lead with the big blue giant once again!...

Read More
Zillow Court Ruling 1 2
Zillow Sued over "Masked Listings" on StreetEasy

Zillow has been sued over allegations that StreetEasy allowed multiple brokers to list the same unit on the platform, effectively...

Read More
Lifull Boardroom 3
Lifull Q1 FY2025: Slight Revenue Growth as Overseas Segment Transformation Completed

The diversified marketplace and former aggregator operator Lifull has released its financial result for the first quarter of the Japanese...

Read More

Editor's Pick