Australia's REA Group, a multinational digital advertising business specialising in property announced the completion of its acquisition of iProperty Group on April 16th. Realestate.com.au Pty Ltd has made the final payment of $104.5 million relating to the acquisition of 100% of iProperty Group Limited, as announced to the market on 2 November 2015 and in accordance with the terms of the Scheme Booklet.
Data reveals Australia continues to be a top pick for South East Asian property buyers. The data, obtained from an iProperty.com Asia Property Market Sentiment Survey showed that Australia is the first choice for Singaporean and Malaysian international property buyers, while Indonesians list it second after Singapore, and Hong Kong residents list it third after Mainland China and Japan.
REA Group operates Australia’s leading residential and commercial property websites, realestate.com.au and realcommercial.com.au, Chinese
property site myfun.com and a number of property portals in Asia via its ownership of iProperty Group. REA Group also owns Smartline Home Loans Pty Ltd, an Australian mortgage broking franchise group, and holds a significant shareholding in property websites Move, Inc in the US and PropTiger in India.
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