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PropNex acquires PropTech platform Ovvy

SINGAPORE (EDGEPROP) - Singapore-listed real estate agency PropNex has acquired a 70% stake in Ovvy, a tech platform that will allow its agents to provide value-added services to its clients.


PropNex CEO, Ismail Gafoor (Credit: Samuel Isaac Chua/ The Edge Singapore)

PropNex salespersons will be able to provide further services via Ovvy’s hundreds of merchants that are currently on the platform. For instance, consumers can post a job (such as for air-conditioning repair services), get offers, filter through merchants, and “book and pay” merchants based on their needs.

Read more: New launch: PropNex’s own edition of Monopoly

“The group is constantly upgrading our technological capabilities and now employs online platforms to further enhance real-time connectivity among our salespersons and their clients,” says Ismail Gafoor, co-founder, executive chairman and CEO of PropNex.

“We believe with this acquisition, PropNex salespersons can provide a more holistic support for their clients, landlords, tenants and home investors, especially on the after-service care and maintenance of their clients’ investments,” he adds.

Gafoor says: “Through technology, we intend to stay ahead of the curve in terms of innovation and transform the digital landscape in the real estate industry for the betterment of our salesforce.”

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