(May 31): Singapore real estate startup PropertyGuru Pte has agreed to acquire all of the shares in REA Group Ltd.’s operating entities in Malaysia and Thailand, whose sites include iProperty.com.my and thinkofliving.com. Launched in 2007 to help Singapore residents search for real estate online, PropertyGuru has become a household name in the property-crazed city-state. Today, it’s the largest real estate marketplace in Southeast Asia with operations spanning countries including Vietnam, Malaysia and Thailand. In October 2019, the company scrapped plans for an initial public offering on the Australian stock exchange over valuation concerns. Read also:PropertyGuru acquires iProperty Malaysia with REA Group as strategic shareholder

Source: The Edge Markets May 31, 2021 01:07 UTC