PropTech
EQT Private Capital Asia acquires PropertyGuru for $1.1B
Hong Kong-based Asian investment firm EQT Private Capital Asia will acquire Southeast Asia leading proptech company PropertyGuru for $1.1 billion.
Malaysia’s WORQ expands co-working space total size to 32,500 square feet
WORQ, a Malaysia-based coworking and flex space provider, has announced an expansion at Menara UOA Bangsar (MUB) on Friday. This is in addition to the firm's existing 15,000 square feet, bringing its total size of the coworking space to 32,500 square feet.
Philippine proptech firm Lhoopa secures $80M in equity and debt
Lhoopa, the Philippine proptech company, has on Tuesday announced the successful completion of its $80 million funding round.
PropertyGuru’s revenue up 12 pct year on year to $27.45M in first quarter
Singapore-based online property portal PropertyGuru said Tuesday that its total revenue increased 12 percent year over year to SGD 37 million ($27.45 million) in the first quarter.
Talent, technology, and the future of Asia Pacific’s innovation hubs
The rise of alternative sectors like #AI and green technologies demands specialized real estate solutions, with cities adapting to cater to these needs. Meanwhile, innovation anchors will continue to play a crucial role in fostering collaboration and driving #RealEstate development, shaping the future of urban landscapes in this dynamic and…
Rently partners The Working Capitol, Smart City Kitchens to expand rental platform in Singapore
Rently, a Singapore-based fintech startup in the property space, is partnering with co-working and lifestyle hub, The Working Capitol and ghost kitchen services provider, Smart City Kitchens to diversify their business offerings beyond residential properties.
Indonesian Proptech company Rukita secures $15M Series B1 funding
Rukita, an Indonesia-based proptech group, announced Thursday that it has secured $15 million in the Series B1 fund raise. In this round, the company welcomes exciting new investors and partners: MPower Partners, BNI Ventures, Openspace Ventures, and other international impact investors including renowned NBA star Jeremy Lin.
PropertyGuru reports $740,000 net profit in 4Q amid higher revenue
Singapore-based PropTech company PropertyGuru has reported net profit of SGD 1 million ($740,000) in the fourth quarter ended December 31, 2023 amid higher revenue, as compared to a net loss of SGD 5 million ($3.72m) a year ago.
Wellness revolution: Vietnam’s Vinhomes creates landmark shift with in-home healing ecosystem
As digitalization propels us into a fast-paced world, Vinhomes, Vietnam’s largest #RealEstate developer, is venturing into uncharted territory with its innovative concept: healing begins at home. In the rapidly growing yet fragmented wellness industry, Vinhomes’ mega-complex Ocean City creates a turning point, bringing the power of comprehensive healing…
Malaysia’s LiveIn secures $8.3M in pre-Series B funding to accelerate regional expansion
LiveIn, a Malaysia-based proptech firm, has successfully secured $8.3 million in its pre-Series B funding round. The round was led by Wavemaker Partners and InterVest, with participation from Malaysia Debt Ventures Berhad (MDV), Jungle Ventures, and CAC Capital.
