IPGA Ltd, the owner of the brand iProperty and a bunch of other real estate website around the region just announced that they are acquiring PT Web Marketing owner and operator of Indonesia’s largest property portal Rumah123.com. They are also announcing the acquisition of another website in the same industry, RumahDanProperti.com which claims #3 biggest real estate portal in Indonesia.
Rumah123.com is based in Jakarta and with a staff of more than 50, backed by Saratoga Group owned by Indonesian billionaire entrepreneur Sandiaga Uno. IPGA ltd has agreed to pay AU$ 1 million or around US$ 1,6 million in cash and 7 million shares in IPGA Ltd upon completion. For RumahDanProperti.com, IPGA Ltd agreed to pay AU$300k in cash and another AU$200k if they meet certain criteria within one year.
Previously, another portal Rumah.com also acquired by Singapore’s PropertyGuru Ltd and PropertyKita.com also sold to an Australian real estate portal for an undisclosed amount. It is rumored that a lot of foreign companies tried to buy Rumah123.com but apparently the deal is closed by iProperty. This chain of acquisition shows the huge interest of foreign companies in acquiring these types of Indonesian websites, with both PropertyGuru and iProperty competing really hard to be the biggest real estate portal in the region.
Who’s #2? PropertyKita?
This one is really one of the fantastic and buzzing information from real estate world. And the post information really unveils that Indonesia’s one of the biggest online real estate site is really acquired by IPGA ltd. And it’s really fantastic to know about Rumah123. Thanks for sharing some magnificent information about Indonesia’s real estate business community.
This is the Longboat Key real estate development is comprised mostly of working professionals, retirees, and second home owners.
The real estate development is comprised mostly of working professionals.This is a good information for every one.I like this content.I appreciate to this content.Thanks to share this blog.Keep sharing.
http://www.rumah360.com – indonesian property portal with 360 virtual tour listing. just starting up but seems like quite a model.
wah mantab, jadi langsung kaya tu pemilik website sebelumnye, nice info gan
Rumah 123.com is one of the biggest property company in Jakarta. They claim 3 biggest portal in Jakarta. They agree to pay 1.6 billion US$ to the rumah 123.com owner.