iProperty.com Malaysia Accelerates Ahead of Competitors

In a statement released today, Chief Executive Officer of the iProperty Group, Shaun Di Gregorio, announced that the country’s No.1 property website, iProperty.com Malaysia’s year-to-date results have once again exceeded expectations, revealing that the portal has once again emerged as the clear leader in the industry ahead of its competitors.

Di Gregorio said that iProperty.com Malaysia, which operates under the iProperty Group, has continued to strengthen its position in the market and attributed the success to the Group’s relentless focus on growth through innovation and execution of a clear strategy.

“With these strong results, the website continues to widen the gap between its competitors and dominate the market,” said Di Gregorio

In a year-to-date comparison, April 2011 to April 2012, the results revealed that that there was a significant increase in the number of unique visitors, visits and page impressions, by 28%, 54% and 25% respectively.

“Leads to the site also increased by 30% while listings on the website saw a 47% jump. This resulted in a 29% increase in the number of searches generated on the site as well. The number of paying agents who advertise on the portal also grew by a whopping 43% within the year. Consumer subscription also increased significantly by more than 50%,” said Di Gregorio

  April   2012 April   2011 Increase
Unique   visitors 1,064,135 837,729 28%
Visits 2,881,829 1,872,385 54%
Page   impressions 26,398,551 21,220,518 25%
Leads 337,629 261,952 30%
Listings 216,277 147,598 47%
Searches 4,226,470 3,287,420 29%
Paying   agents 8,159 5,722 43%
Consumer   subscribers 228,435 152,392 50%
ARPA MYR98 MYR69 42%

He added that iProperty.com Malaysia also achieved stellar achievements in the following areas:

A Malaysian Favourite Portal  

Ranked the world’s third most dominant portal by Property Portal Watch, iProperty.com Malaysia continues to be the clear market leader ahead of closest rivals, HomeGuru.com and Propwall.com.

The year-to-date results also revealed that for the first time in a calendar month, the leading portal achieved astounding success in the number of unique visitors, hitting the over 1 million mark. This growth is attributed to the company’s aggressive marketing efforts to increase traffic to the site via advertising, online marketing and strategic partnerships.

The leading portal further established itself as the trusted voice in providing consumers and customers with the most comprehensive and up-to-date information on the property market via its in-depth consumer sentiment survey. The findings provided valuable insights into the property market and received extensive media coverage.

Bringing The Best Deals in Town

iProperty.com Malaysia extended its reach via its partnership with Real Estate and Housing Developers Association (REHDA), Penang and successfully organized and launched its first property exhibition in the Northern Territory. The three-day MAPEX Penang 2012 Expo, which featured over 40 exhibitors, prominent properties, prestigious property brands and exciting real estate opportunities under one roof,  raked in over RM 90 million in property sales.

Award Winning Publications

Di Gregorio also announced that iProperty.com Malaysia’s publication was awarded the No.1 property magazine of the year for the third year running by Advertising + Marketing magazine.

Attributing the win to iProperty.com Malaysia’s ability to consistently deliver effective results to property agent advertisers by continuously innovating, delivering leads and providing unparalleled customer service, Di Gregorio said, “Winning the award for the third consecutive year since 2010 is a tremendous honour. The award once again reaffirms our position not just Malaysia’s No.1 property portal but also the country’s preferred property magazine for property buyers and investors.”

Aside from the winning publication, iProperty.com Malaysia also published their inaugural publication, Malaysia Top Property Developers 2011/2012 in January. The 250-plus page limited edition coffee table book which features profiles of Malaysia’s top property developers, their inspiration and concepts of signature developments was well received with a good volume of sales generated.

A Strong Focus on Innovation

As a company that focuses strongly on innovation, iProperty.com Malaysia continues to deliver innovative products that meets and exceeds expectations. In line with this, the company made significant improvements to the website to enhance user experience.

Continuing to set the benchmark and capture market attention, the company recently introduced a real estate search app on Windows Phone, providing consumers with another avenue to search for properties. Aside from that, to enable better presentation and capture the interest of key property developers, iProperty.com Malaysia launched an Agent Matching Service in which select key agents will be chosen to promote the property more effectively.

According to Di Gregorio, “Our products are derived based on in-depth market research and with the aim of providing property buyers a platform to search for properties in the most convenient platform. We are clear market leaders and our strong focus on innovation, continues to set the benchmark in the industry.”

“Our growth demonstrates the company’s dedication and strong focus on delivering innovative solutions for agents, property buyers and investors, making iProperty.com Malaysia the unparalleled destination in the online real estate world. Our priority and focus for next two quarters of 2012 is to continue to provide users with the best possible property experience by offering rich content and quality information in a user-friendly environment. We are excited with the results and rest assured, there are a lot of interesting initiatives in store,” concluded Di Gregorio