iProperty Group Ltd, Asia's leading online advertising business serving the real estate industry, has launched iProperty International -- a new international property platform and a powerful tool for investors, which provides access to residential and commercial property listings worldwide. The website has quality features such as videos, 3-dimensional (3D) showrooms, and frequently-updated market and demographic data to ensure an immersive experience for users.
During its initial launch phase, iProperty International featured more than 3,000 listings of new Australian residential property, provided by the REA Group, Australia's market leading property site.
Prospective clients can also access new property listings on iProperty Group portals in Hong Kong, Indonesia, Macau, Malaysia, Singapore and Thailand, through the site.
"Asian consumer demand for offshore property is increasing and iProperty International aims to provide investors - specifically in Singapore, Malaysia, Thailand, Indonesia and Hong Kong - with attractive international investment options. Partnering with REA Group, our first international partner and Australia's market leader, will ensure that our customers, property buyers as well as investors have direct access to quality property listings in Australia," said Georg Chmiel, Managing Director and CEO of the iProperty Group.
iProperty.com's bi-annual Asia Property Market Sentiment Report shows that Australian properties are consistent on being a top choice for Asian investors. This is due to promising exchange rates and the consumers' education, migration and retirement preferences.
The ratification of the Singapore-Australia Comprehensive Strategic Partnership, which facilitates investment opportunities for Singapore businesses in Northern Australia, is expected to bring forth more Australian property demand for Singaporean investors.
The REA Group has a 22.7 percent shareholding in iProperty. The Group's CEO, Tracey Fellows, said, "The syndication deal with iProperty is a great example of why having a strong international presence gives our customers the advantage they are looking for. We are able to connect our customers and their vendors to property seekers around the globe. The partnership is also a great complement to our myfun.com site in China."
