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Home, Expert will get, Brickz. my in Malaysia and thinkofliving. com and Prakard. com in Thailand, enhancing its position as Southeast Asia's Proptech leader Brands to run individually and home applicants will take advantage of combined investment in technology and innovation Agents and designers will take pleasure in larger reach and simpler access to home applicants REA Group to end up being shareholder and take a seat on Residential or commercial property, Expert Board SINGAPORE AND SYDNEY, 31 May 2021 Property, Guru Group ('Home, Guru' or 'the Group'), Southeast Asia's leading property technology ('Proptech') business and REA Group (ASX: REA), an ASX noted, worldwide digital business specialising in residential or commercial property marketplaces and data possessions, today revealed they have entered into an arrangement whereby Property, Guru will obtain all of the shares in REA Group's operating entities in Malaysia and Thailand, which run i, Home.

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my in Malaysia and thinkofliving. com and Prakard. com in Thailand. As part of the arrangement, REA Group will receive an 18% equity interest in the enlarged Property, Expert Group and select a Director to the Board. The transaction is anticipated to close in July 2021. The acquisitions underpin Property, Master's strategy of being the No.

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Home-grown in Singapore, Property, Master operates leading property markets in 5 of the most significant Southeast Asian economies. The addition of these businesses will boost Home, Guru's ability to supply house seekers with transparent and easy access to the most detailed set of data, actionable insights, and services to support their homeownership aspirations in Southeast Asia.

com.my and i, Residential or commercial property. com.my are 2 rapidly growing and best-in-class property markets in Malaysia.  This Piece Covers It Well  have unique and complementary audiences and the transaction will see both brands retained. The acquisition will have the following benefits: It will enable both business to combine resources, speed up development and offer improved digital services to house applicants, home representatives and developers.

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Leveraging the Group's larger customer base, it will facilitate greater innovation for and larger inclusion of Malaysian home agents and designers in the Southeast Asian residential or commercial property ecosystem. The acquisitions will likewise speed up Residential or commercial property, Master's ambition of becoming the "Trust Platform" for the property environment: A platform that links Southeast Asia's property markets into an effective community that constructs trusted relationships between representatives, customers, developers, valuers and banks by driving greater transparency and effectiveness.