Singapore’s PropertyGuru unit buys out Indonesia realty portal RumahDijual

Photo by PropertyGuru

Indonesian property portal Rumah.com, unit of Singapore’s PropertyGuru Group, has acquired another local realty website RumahDijual.comfounded by John Aristianto, for an undisclosed sum.

This comes on the back of its recent acquisition of project marketing solution, ePropertyTrack, in July. PropertyGuru Group had raised a S$175 million investment from a strategic consortium of three investors including Emtek Group — Indonesia’s largest media group – in June.

Following the deal, the combination of Rumah.com and RumahDijual will control 43 per cent market share of the online property space in Indonesia, close to double its closest competitor.

Steve Melhuish, CEO and Co-Founder of PropertyGuru, said, “Indonesia is strategically important for PropertyGuru because it is the largest, and one of the fastest growing, property and digital markets in Southeast Asia. Together with our local partner, Emtek, we have earmarked tens of millions of dollars in the coming years to bring further innovations to the Indonesian market, to help solidify our market leadership.”

With this acquisition, PropertyGuru Group further solidifies its leadership position in the region, with 91.8% engagement market share in Singapore and 52.7% in Thailand, and a close second in Malaysia with 40.2%.

Rumah.com RumahDijual

RumahDijual.com founder John Kristiano said, “When I met Rumah.com, I immediately knew that we had the same vision, which is to help search a property in Indonesia and find the right home,” he said.

The growing population will benefit from the widest variety of choices with PropertyGuru’s acquisition of RumahDijual.com, with close to 500,000 listings across the major islands in Indonesia, the release said.

Rumah.com has invested on its mobile updates, website overhaul and other interesting features like mortgage calculators.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.