REA Group is launching a joint venture with 99.co to create the most extensive customer and listing footprint in Singapore and Indonesia.
As a result of the partnership, they will deliver the best digital platforms to property professionals to help grow their businesses.
They will be able to market leading destinations for property seekers across Australia, Malaysia, Hong Kong and Thailand.
REA Group CEO Owen Wilson said its customers in this market want an industry partner who can deliver world-leading products and experiences.
“Combined with our expertise and experience in other countries where we are the clear market leader, this presents a fantastic opportunity to rapidly increase our market share in these expanding growth markets,” Mr Wilson said.
Over the past couple of years, REA has admired the innovation 99.co and its CEO Darius Cheung has delivered to the marketplace, REA Asia CEO Henry Ruiz said.
“The formidable combination of our talent, best-of-breed technology, digital expertise and customer relationships will supercharge our ability to compete and win in Singapore and Indonesia.”