News

iProperty Group sees improvement in core markets


May 11, 2012
KUALA LUMPUR: iProperty Group (ASX: IPP) today released their Interim Management Update for the period 1 January 2012 through 30 April 2012.

There has been an improvement in competitive position in each of its four core markets - Malaysia, Indonesia, Hong Kong and Singapore, achieved through focus on execution of sales and consumer marketing strategies.

Core to delivering the strong growth of the company has been the upgrade of the Senior Management team as well as the general enhancement of skills and capabilities across the Group.

In Malaysia, iProperty.com.my is the clear leader and was recently ranked the world's 3rd most dominant portal compared to other competitor portals by Property Portal Watch.

The Hong Kong portal improved its lead with more than 600,000 unique visitors per month, similar to Singapore's monthly headcount.

Hong Kong also recently acquired Macau's vproperty.com, whereas Singapore buffed up its management team with the entry of Sean Tan as GM, formerly of SingTel Digital Media.

Indonesia delivers strong results with 700,000 unique visitors a month, and the acquisition of the market leaders rumah123.com and the number 3 ranked portal rumahdanproperti.com in August last year.

Earlier in 2012, the iProperty Group launched the region's first dedicated commercial and industrial property portal commercialasia.com.

The group intends to move into the mobile internet consumer market as a focus for the rest of the year.