PropertyGuru Acquires Top Malaysian Housing Data Provider MyProperty Data

November 27, 2020
Share this Post: 

Southeast Asian property portal giant PropertyGuru Group has today announced that it has entered into an agreement to buy the Malaysian housing data company MyProperty Data. The move comes two years after the portal company first started working with MyProperty Data on its mortgage pre-approval product and will see Managing Director Joe Thor and his team fully incorporated into Property Guru Group operations to build out the portal's offering in Malaysia.

Speaking about his company's new acquisition, Manav Kamboj, Chief Technology Officer, PropertyGuru Group said:

"Over the next few months, we will be investing substantially to expand MyProperty Data’s offerings and it will also entail growing the team with data scientists, engineers, product managers, sales and marketing experts. We look forward to serving over 5 million home seekers who rely on PropertyGuru every month to find, finance, and own their home with greater confidence."

MyProperty Data reportedly has over 6 million unique records covering sales, auctions, new developments as well as demographic information and location information. The synergies that this sort of data with a leading property portal have been seen before across the world as companies such as Zoopla and VivaReal and more recently CoStar have bought up data companies to enhance their existing tools and products and build out new ones both for the end-user and for agents. In seeking to add information and transparency around its portal listings PropertyGuru is betting that users in Malaysia's notoriously opaque property market will increasingly demand a higher level of trust in what they are viewing, a point alluded to by Joe Hock Thor, Managing Director, MyPropertyData:

“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."

 

 

November 27, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Board Room
Zoopla Creates Agent Advisory Board to Give Customers a Say on Lettings Policy

British #2 portal Zoopla has launched a Lettings Advisory Board made up mostly of its agent customers as it looks...

Read More
Spanish Proptech Firms
Housfy Gets Funding and Casavo Expands as Spanish PropTech Market Heats Up

The Spanish PropTech market is heating up with two prominent companies in the market announcing positive news this week. Online...

Read More
Leboncoin Op 1
LeBonCoin Launches New Offering to Help Agents Win Sales Instructions

The French classifieds market leader LeBonCoin has today announced the launch of a new package for real estate agents. The...

Read More
Domain Data
Domain Acquires Data Services Provider Insight Data Solutions

Australian portal company Domain has today announced that it has agreed to acquire data services provider Insight Data Solutions (IDS)....

Read More

Popular News