iProperty.com Singapore Announces Phenomenal Growth in Q1 2011 Despite Cooling Measures on Property Market

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Despite cooling measures on Singapore’s property market, iProperty.com Singapore witnesses remarkable growth of 228% increase in agent advertisers and 73% growth in monthly unique visitors in Q1 on a year-on-year basis, signaling a bullish real estate market.

A unique market in itself, Singaporeans see property as a lifestyle. This market will witness unprecedented growth, and being part of the largest property portal in Asia, iProperty.com Singapore is ideally positioned to grow with the region.

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Despite cooling measures on Singapore’s property market, iProperty.com Singapore witnesses remarkable growth of 228% increase in agent advertisers and 73% growth in monthly unique visitors in Q1 on a year-on-year basis, signaling a bullish real estate market.

It signals that property buying and selling have not slowed down in the first quarter of 2011, despite the cooling measures and new regulations introduced by the Singapore government in October last year. iProperty.com Singapore (http://www.iProperty.com.sg), Singapore’s leading property website and a member of Asia’s largest property portal, iProperty.com, announces its Q1 results – 228% increase to over 9,700 agent advertisers on its website (Source: iAdmin), and more than 73% growth in monthly unique visitors to reach almost half a million unique visitors (Source: Google Analytics 2010-2011).

The website also reports delivering approximately 117,426 phone, email and SMS leads (Source: iAdmin) to agent advertisers and property developers in this quarter. (Refer to iProperty.com.sg Growth Infographics Q1 2011)

Mr Shaun Di Gregorio, Chief Executive Officer of the iProperty.com Group (http://www.iProperty.com) said, “We attribute this phenomenal growth to the confidence that agent customers and consumers have in us – in our regional strength, in our localized content, and in our commitment to grow with the market. Our sustained growth over the last five quarters clearly indicates that we are riding above the competition, reaffirming our leadership position in Singapore. Many property developers and agencies recognize the value that iProperty.com Singapore is able to bring to the market. Consumers appreciate the value of relevant content that speaks to their needs, and the entourage of over 600,000 property listings from Singapore, Malaysia, Hong Kong, India and Philippines.”

“A unique market in itself, a lot of Singaporeans see property as a lifestyle – they read property, think about property, or are buying, selling or investing in property. This sophisticated market will witness unprecedented growth. And being part of the largest property portal in Asia, iProperty.com Singapore is ideally positioned to grow with the region. By conscientiously investing in our products, our services, and our people, we are very sure that as we grow, our partners, customers and consumers will grow together with us,” added Mr Di Gregorio.

iProperty.com.sg (http://www.iProperty.com.sg) is Singapore's leading property website with about 500,000 monthly unique visitors and powers the real estate channels and property content on xinMSN, Yahoo! Singapore, inSing.com, PropertyZone.sg, enterSingapore.info, and StreetSine.com. Working with over 9,700 property agents, iProperty.com Singapore hosts the most comprehensive online database of over 600,000 properties for sale and rent in Singapore and the rest of Asia.

About iProperty.com (http://www.iProperty.com)
The iProperty.com Group is Asia’s No. 1 online property group, with leading property websites in Singapore, Malaysia, Hong Kong, India and the Philippines. In 2009, the iProperty.com Group made history by winning the highly prestigious CNBC Arabiya Asia Pacific Property Awards in the “Best Property Portal” category for six of its websites – Singapore, Malaysia, Hong Kong, India, Philippines and iLuxuryasia.com.

About iProperty.com Singapore (http://www.iProperty.com.sg)
iProperty.com is Singapore's leading property website with about 500,000 unique visitors every month and powers the real estate channels of xinMSN, PropertyZone.sg, enterSingapore.info, and StreetSine.com. Working with more than 9,700 real estate agents, iProperty.com Singapore hosts the largest and most comprehensive online database of over 600,000 properties for sale and rent in Singapore and the rest of Asia.

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