SINGAPORE, 11 February 2022 – PropertyGuru Pte. Ltd. (“PropertyGuru”), Southeast Asia’s leading property technology (“Proptech”) company and SRI Pte. Ltd. (“SRI”), a Singaporean real estate advisory and portfolio solutions agency announced they had signed a Memorandum of Understanding (MOU) whereby both Companies will establish a data partnership to collaborate on data projects that will further expand their analytical capabilities and data access, and to deliver enhanced market and performance insights for customers of both companies.
With this partnership, PropertyGuru will acquire transaction and lease data from SRI to expand its data portfolio, while supporting SRI with relevant specific market and performance insights. Through this data partnership, agents will be empowered with greater insights and enhanced data solutions to inform their clients to make confident property decisions.
The MOU is a step to deepen PropertyGuru’s focus and willingness for investments in data and innovation, delivering enhanced solutions for efficiency and property insights for its customers.
Talking about the partnership, Manav Kamboj, Chief Technology Officer and MD Data & Software Solutions, PropertyGuru Group said, “When it comes to buying a home, access to high quality data and insights is essential for home seekers to transact with confidence. PropertyGuru continues to partner with leading real estate industry players and experts to bring transparency and trust to the process of owning a home for millions of home seekers in Southeast Asia.” He also added, “We are excited to further our partnership with SRI to offer unmatched access to data and insights to our agent partners and home buyers in Singapore.”
And according to Tony Koe, Chief Executive Officer of Singapore Realtors Inc (SRI), “We are excited to be collaborating with PropertyGuru DataSense by participating in the Proptech ecosystem that will benefit stakeholders in the value chain. This collaboration will empower our salespersons with precise data points and insights when engaging with their clients.”
The partnership underpins PropertyGuru’s strategy of being the number 1 Proptech Group in Southeast Asia and will accelerate its ambition of becoming the “Trust Platform” for the property ecosystem: a platform that connects Southeast Asia’s property industry into an efficient ecosystem connecting agents, property seekers, developers, valuers and banks by driving greater transparency and efficiency.
Through this forward-looking partnership, PropertyGuru can focus even more on achieving rapid innovation and providing value-added solutions to its customers – including greater insights and improved data solutions, as well as better transparency and access within the Proptech ecosystem. This will allow property seekers and sellers, agents and developers to make confident property decisions.
As SRI continues to focus on its digital transformation, the partnership will empower both SRI and PropertyGuru to reimagine how real estate data can be used.
About PropertyGuru Group
PropertyGuru Group is Southeast Asia’s leading property technology company, and the preferred destination for over 52 million property seekers to find their dream home, every month. PropertyGuru and its group companies empower property seekers with more than 3.3 million real estate listings, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.
PropertyGuru.com.sg was launched in 2007 and has helped to drive the Singapore property market online and has made property search transparent for the property seeker. Over the decade, the Group has grown into a high-growth technology company with a robust portfolio of leading property portals across its core markets company; award-winning mobile apps; a high quality developer sales enablement platform, FastKey; mortgage marketplace PropertyGuru Finance; data and software solutions PropertyGuru DataSense and a host of other property offerings including Awards, events, and publications across Asia.
About Singapore Realtors Inc (SRI)
Singapore Realtors Inc. (SRI) is a homegrown real estate agency in Singapore with various specialties. Our prime strength lies in regal and high net-worth home brokerages and new launches in our local scene. We provide real estate advisory and real estate portfolio solutions to our clients to cater to all their real estate needs. To serve our clients better, we have recently expanded into capital market and property auctions.
On the strength of combined professional expertise and tremendous commitment of the realtors in SRI, the company has developed exceptionally fast to be a powerful marketing force and one of the top five real estate agencies in Singapore since its inception in 2016.
SRI has recently been awarded with the prestigious Enterprise 50 award and the Singapore’s Fastest Growing Companies 2022 award.
For further queries or media interviews, please contact:
Singapore Realtors Inc (SRI)