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PropertyGuru Completes Acquisition of iProperty Malaysia and thinkofliving Thailand

Press release content from Business Wire. The AP news staff was not involved in its creation.
PropertyGuru Completes Acquisition of iProperty Malaysia and thinkofliving Thailand
August 3, 2021 GMT
SINGAPORE (BUSINESS WIRE) Aug 3, 2021
PropertyGuru Group (“PropertyGuru” or “the Group”), Southeast Asia’s leading property technology (“PropTech”) company 1, today announced that it has successfully completed the acquisition of iProperty Malaysia and thinkofliving, following its initial announcement on 31 May 2021.
PropertyGuru now owns all of the shares in REA Group Limited’s (ASX:REA, “REA”) entities in Malaysia and Thailand, which include iProperty.com.my and Brickz.my in Malaysia and thinkofliving.com and Prakard.com in Thailand. In exchange, REA now has an approximate 18% 2 equity interest in PropertyGuru. ....

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Homegrown property service firms eyeing overseas markets despite pandemic

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