KUALA LUMPUR, 23 April 2015 - PropertyGuru announces a unique partnership with Maybank in which it will provide its property content, listings and news to users of Maybank's Property Finder app.
The app, launched on April 15, aims to help prospective buyers search for properties either for residential, investment, or business, within their preferred location or price range that suits their financial profile. Research has shown that in Asia alone, digital banking consumers are expected to grow from 670 million in 2012 to 1.7 billion in 2020. About 40% of mass affluent customers now prefer online or mobile banking, and among those under 40 years of age, around half prefer digital banking.
"We believe the app will bring great convenience to property buyers; the features are designed with the user in mind, and powered by the extensive property listing database of our partner, PropertyGuru, we are certain that users will be able to find the property of their dreams." said Maybank's Mohamed Adam Wee, Group Chief Marketing Officer.
PropertyGuru is the exclusive content provider for the app in all markets, delivering more than 350,000 property listings in Malaysia as well as daily property news. For a start, the app is focused on ‘for sale' listings, with property news, listings on "for rent" and "New Homes" and others on the future roadmap.
The announcement follows a series of successes for ProperytyGuru Malaysia. In March, the company witnessed record traffic and provided more leads to its advertisers than ever before. "We are excited to work together with the biggest bank in Malaysia and to make our property content available to their 9 million customers. We are also excited with this partnership as it gives property seekers more options to browse PropertyGuru content on-the-go," said PropertyGuru's CEO Steve Melhuish. PropertyGuru Group already has the most popular suite of property search apps in the industry with more than 2 million downloads to-date.
For more queries, contact:
Bjorn Sprengers
PropertyGuru.com
bjorn.sprengers@propertyguru.com.sg
About PropertyGuru Group
PropertyGuru Group is Asia's leading online property portal group used by more than 11 million property buyers, viewing over 90 million property pages and generating over 400,000 enquiries for real estate developer and agent advertisers - every month - across Singapore, Malaysia, Indonesia and Thailand. The Group has developed and launched 15 mobile applications in four countries and three languages. At the end of 2014, the Group recorded over two million downloaded mobile apps, and won first position in the property category for the "Digital Media of The Year 2014" award organised by Marketing Magazine. Headquartered in Singapore, PropertyGuru was founded in 2006 by two entrepreneurs with a vision to simplify the property search process and help buyers, sellers and investors make better property decisions faster. Taking advantage of Asia's growing affluence, property demand and online explosion, the company is market leader in Singapore, Thailand and Indonesia, receiving its first VC investment funding in 2008 and secured approximately $60m investment in 2012 from Deutsche Telekom, South East Asia's largest digital investment to date. PropertyGuru was also the first to integrate its website with social media, first to launch Singapore's only dedicated property newspaper - read by more than 100,000 readers island-wide every month - and it has also developed a property events platform, with approximately 30 shows held annually across four countries, addressing 30,000 potential property buyers on the ground.
About PropertyGuru Malaysia
Propertyguru.com.my is the fastest growing property portal in the country with offices in Kuala Lumpur, Penang and Johor. The Malaysian portal currently has over 1.8 million visitors viewing almost 16 million property pages monthly.
About STEVE MELHUISH
Co-Founder and Chief Executive Officer
Steve is an award-winning entrepreneur. In the last two decades, he built profitable companies throughout Asia and Europe. He co-founded PropertyGuru due to his personal frustrations at trying to find a new home in 2006. Today, PropertyGuru is the leading online property group in South East Asia used by over 10 million property seekers and 31,000 property advertisers every month.
Prior to Steve's current role, he held advised various firms including Skype, AOL, Virgin Media, Vodafone, Extreme Media, iPass and Ariadne Capital. He also led global teams and a US$500 million turnover business unit for Cable & Wireless. In 2007, Steve was awarded the Spirit of Enterprise Award in recognition of his contributions to entrepreneurship in Singapore. Steve has invested in 4 digital media firms and is passionate about Asia + Digital.