Fuelled by robust local and international demand for commercial property in Singapore, CommercialGuru.com.sg, Singapore’s only commercial property website has witnessed a remarkable 500 percent increase in traffic over the last 12 months.
Launched in August 2010, the website is used by over 140,000 business investors and users viewing almost two million pages monthly, with approximately 15 percent being overseas users.
Similarly, the number of commercial property listings available on the site has steadily risen to 18,000 to date.
Latest market data on commercial property indicates optimism and continued demand for office, retail and industrial space.
In the third quarter, the industrial segment led property investment sales, with total sales of S$1.07 billion (excluding government land sales sites), approximately 2.5 times the S$418.6 million posted in the second quarter of this year and accounting for about 28 percent of the S$3.8 billion in property investments for the third quarter.
Amid such buoyant demand for commercial properties, it is no surprise that CommercialGuru has expanded its user base and usage exponentially.
Currently, the site generates about 10,000 sales leads every month for commercial property developers, agencies and agents — from domestic and overseas buyers and investors.
“We developed www.CommercialGuru.com.sg in 2010 in response to business users and a growing number of property investors request for a dedicated portal focused on commercial property. Its growth and successes has far exceeded our expectations – with 145,000 business users and investors now using the site every month,” said Steve Melhuish, Group CEO of PropertyGuru Group.
To contact the journalist, you may send your message to editor@propertyguru.com.sg