- PropertyGuru sells to EQT for $1.1B
- Tech platform transforms real estate marketplace
- Strategic growth awaits
Digital Real Estate Platform Levels Up
EQT Private Capital Asia has completed its acquisition of PropertyGuru Group, a leading Singapore-based property technology platform, for approximately $1.1 billion.
The transaction, finalized at $6.70 per share, resulted in PropertyGuru being delisted from the New York Stock Exchange and transitioning to a privately held company.
Growth Trajectory Meets Strategic Investment
Founded in 2007, PropertyGuru connects over 31 million property seekers monthly across Singapore, Malaysia, Thailand, and Vietnam. The platform offers comprehensive real estate listings, data-driven insights, and mortgage solutions. EQT’s strategic investment aims to accelerate technology development, expand market reach, and improve operational efficiency for the PropTech leader.
Leadership Looks Forward to Transformation
CEO Hari V. Krishnan expressed excitement about the partnership, highlighting seventeen years of growth enabled by strong shareholder relationships. Janice Leow from EQT emphasized the organization’s commitment to supporting PropertyGuru’s innovation and leadership in Southeast Asia’s evolving property market.
