Number of agents listing via Group’s property portals continues to grow at an exponential rate as the Group consolidates its market leading position
February 19, 2008 – The iProperty.com Group, Asia’s leading network of online property portals owned by IPGA Limited (ASX: IPP), have recorded more than 2,000 paying real estate agents subscribers for its consumer portals in Singapore and Malaysia alone as of end-January 2008, consolidating its position as Asia’s No. 1 online property network.
The growing number of new agents and developers who advertise their properties through the iProperty.com network is testimony to its rapidly growing market share. These 2,000 agents are advertising more than 50,000 properties across the Group’s network of websites on a daily basis. In the meantime, monthly unique browsers for the entire network have reached 750,000 and are steadily growing. Furthermore, over 100 developers already utilise the property network to showcase their developments locally and regionally.
iProperty.com attributes its success in achieving a rapid subscription rate, to the user-friendly tools, dedicated customer service team, as well as size and quality of the network’s traffic which has generated valuable and genuine leads for its agents.
Patrick Grove, Executive Chairman of IPGA Limited said, “We’re pleased that more and more real estate agents are listing their properties with us. This signifies the Asian property industry professional’s mindset shift towards the adoption of the Internet as the medium of choice for marketing property. It also underscores the growing confidence in the iProperty.com network and the recognition that we provide the most cost-effective and powerful medium to advertise to Asia’s property audience. Our focus on driving relevant traffic to our sites have generated high numbers of quality leads for our agent clients and delivered powerful results.”
The recent acquisition of the GoHome network, Hong Kong’s No. 1 property portals, will allow the Group to further capitalise on its market-leading positions, as well as rapidly growing online property advertising market throughout the region.
About iProperty.com Singapore
iProperty.com Singapore is Singapore's No.1 property and real estate website with more than 200,000 current and archive property listings. Working with more than 800 real estate agents, we host the largest and most comprehensive online database of properties for sale and rent in Singapore.
About iProperty.com (www.iproperty.com)
iProperty.com is Asia’s leading network of property portals, with over 750,000 unique users every month. The Group operates consumer and business online property portals in the markets of Singapore, Malaysia, Hong Kong and Philippines, with a Heads of Agreement in place to acquire an online property portal in Thailand.
iProperty.com has an average of over 100,000 property listings available on its network daily, and is used by more than 4,000 real estate agents and 100 developers. With further expansion planned, iProperty.com is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region. iProperty.com is a wholly-owned subsidiary of Australian Stock Exchange-listed IPGA Limited (www.ipgalimited.com), (ASX: IPP).
iProperty.com Network of Websites:
Singapore: iProperty.com Singapore
Malaysia: iProperty.com Malaysia and iLuxury.com.my
Hong Kong: GoHome.com.hk and House18.com
Philippines: iProperty.com Philippines
For media queries, please contact:
Patrick Grove
Executive Chairman
IPGA Ltd
Mobile: (60) 12 269 4977 / (65) 96690369
Email: pg@iproperty.com
Cynthia Chan
Company Secretary
IPGA Ltd
Tel: (613) 9691 4900
Fax: (613) 9600 1500
Email: cchan@beconwood.com.au
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