Sinar Mas Land partners East Ventures, others to launch smart city fund
Indonesian property developer Sinar Mas Land has teamed up with East Ventures, Redbadge Pacific and Prasetia Dwidharma to set up a fund that will invest in startups developing smart city solutions, according to a press release.
99.co Completes US$15.2M Series B Funding Round
The fresh funding will be funnelled to the plan of 99.co to build and extend its reach in Singapore and Indonesia,and launch new financial products.
Indonesia’s Property Technology (Proptech) Startup Scene: What You Need to Know
Indonesia’s Property Technology (Proptech) Startup Scene: What You Need to Know 30 July 2019 Property is the largest asset class in the world—it's worth more than all stocks and bonds combined. In large markets like the United States, the property industry contributes US$3.5 trillion to the GDP, of which $836 billion is construction spend. About US$1.3 trillion worth of existing homes transact every year in the US residential property market, and these deals generate about US$66 billion in commissions for property brokers. However, real estate was one of the last sectors to adopt technology. Property [...]
99.co Buys Urbanindo, Indonesia’s Largest Independent Property Site
UrbanIndo’s database of 1.2 million active property listings will join 99.co’s 150,000 property listings in Singapore after this acquisition.
99.Co Announces US$7.9 Million Funding
Since its last funding in 2015, 99.co has remained the fastest growing real estate technology company in Southeast Asia region.