Singapore-headquartered PropertyGuru Group announced it has fully acquired MyProperty Data, one of Malaysia’s largest online property data companies.
As per a press release, the acquisition was completed through a share purchase agreement between the two firms.
With this deal, PropertyGuru aims to “strengthen its commitment” in Malaysia and provide property data and insights to various stakeholders — ranging from agents and financial institutions to home buyers and credit rating agencies.
Kamboj further shared the group will be investing to expand MyProperty Data’s offerings and seek to expand its team in a wide variety of roles ranging from data scientists and engineers to product managers and marketing experts.
MyProperty Data claims it provides property data analytics and insights leveraging over six million unique records across sales, rentals, auctions, new development and geospatial information along with proprietary datasets in demographics, location, liveability and more.
Its solutions are utilised by major banks and over 1,200 valuation professionals in Malaysia.
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