iProperty Group, which owns numerous online real estate portals in Malaysia, Indonesia, Singapore, Hong Kong and Macau, has formed a partnership with Australia-based Real Estate Investar Group Pty Ltd (REI), to develop web based property investment tools in Singapore and other Asian markets. The partnership will allow the company to offer Asian investors a revolutionary and comprehensive suite of online property investment tools.
Chief executive officer of the iProperty Group, Shaun Di Gregorio said, “We are pleased to have formed this partnership with REI. As a company that focuses heavily on providing the best products and services to our customers and consumers, this partnership will increase engagement and provide efficient and effective information that will in turn help them make informed decisions. The suite of property investment tools will be made available across iProperty Groups’ network of property websites, with iProperty.com Singapore being the first to have the feature.”
iProperty Group decided to go into partnership with REI due to significant demand from consumers looking to obtain more data and insights into the property market. The group recently conducted a survey of more than 2,000 Singaporeans which showed 36% of respondents wished to invest in property overseas. The top three destinations were Malaysia, Australia and the UK.
Di Gregorio went on to comment, “With the recent announcement of the proposed high-speed rail system, which is targeted to be completed in 2020, we can expect to see more Singaporeans buying property in the greater Kuala Lumpur area and Iskandar Malaysia in Johor. Investing in property overseas can be quite challenging as investors are often unclear about the risk, the rules and regulations and even which area to invest in.”
Now investors will be able to find investment property specifically matching their strategy through using an intelligent search engine. There’ll also be able to perform unlimited property valuation estimates, research property data trends and analyze financial viability. In addition consumers will be able to learn investing strategies and principles.
The managing director of REI, David Hows said “We are delighted to be in partnership with the iProperty Group and be able to offer property investors in Asia the most simple and intelligent process to obtain crucial property investing information and data. Our new platform will offer property investors an integrated, property investing solution.”
The suite of online property investment tools will be made available in June, and the iProperty Group is also looking at developing a mobile platform later in the year.