Singapore-based PropertyGuru's shareholding structure changed

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

20201011 Singapore PropertyGuru

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

ANDI HASWIDI and MICHELLE TEO, DealStreetAsia

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.

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