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DealStreetAsia

Singapore-based PropertyGuru's shareholding structure changed

Indonesian media group Emtek divests as TPG and KKR keep money in online realtor

Despite the pandemic-triggered global economic downturn, the residential real estate markets in Singapore and other cities have been heating up.   © Reuters

JAKARTA/SINGAPORE -- Indonesian media group Emtek has ceased to be an investor in Singapore-based PropertyGuru, having divested its shares as part of the online realtor's recent funding rounds.

Other investors, including venture capital company Square Peg Capital, and Vulpes Testudo Fund have pared their stakes in the company.

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