us based gem commits 80 million investment to proptech firm meey group

US-based GEM commits $80 million investment to proptech firm Meey Group

US-headquartered Global Emerging Markets (GEM) signed an investment agreement with Meey Land Group JSC (Meey Group), a Vietnamese proptech firm, on May 13.
citics secures 21 million to build real estate transaction platform

Citics secures $2.1 million to build real estate transaction platform

Citics, a proptech platform in Vietnam, announced on May 14 that it has successfully raised $2.1 million in a new funding round, with participation from new investors TVS and Ai Viet Ventures, as well as continued support from existing backers Vulpes Ventures and Vietnam Investments Group (VIG).
eqt completes acquisition of propertyguru

EQT completes acquisition of PropertyGuru

EQT Private Capital Asia and PropertyGuru Group Limited, one of the Southeast Asia’s leading property technology (PropTech) companies, on December 13 announced the completion of the acquisition of PropertyGuru by BPEA Private Equity Fund VIII for $6.70 per share in cash in a transaction that values PropertyGuru at an equity value of approximately $1.1 billion.
vietnam proptech summit reasons to be optimistic in 2024

Vietnam PropTech Summit: reasons to be optimistic in 2024

Green capital and sustainable real estate, reshaping the future of working and living, and redefining the real estate landscape through finance, technology, and innovation were key topics discussed at the Vietnam PropTech Summit 2023 on December 14.
proptech vietnam summit 2023 real estate and the future of investing

PropTech Vietnam Summit 2023: Real estate and the future of investing

PropTech Vietnam Network is thrilled to announce the second Annual Vietnam PropTech Summit 2023 will take place at The Experience Centre, Empire City, Thu Thiem New Urban Area, Ho Chi Minh City on December 14.
some way to go for proptech to hit home

Some way to go for proptech to hit home

The real estate technology sector in Vietnam is still struggling to find a way to survive despite being recognised as a huge potential market, with nearly 40 companies ceasing operations in the first five months of the year.
the tough proptech proposition ahead

The tough proptech proposition ahead

Compared to just a few years ago, the Vietnamese proptech market is now more vibrant, diverse in both quality and quantity with the participation of many different brands. But while the playground is now occupied both by traditional real estate businesses and tech companies, the risks are still apparent.
sound business strategy crucial for proptech players

Sound business strategy crucial for proptech players

The property market is facing numerous hurdles, and Propzy’s failure makes it difficult for the proptech ecosystem to improve.
learning the lessons of proptech failures

Learning the lessons of proptech failures

Inadequate use of capital, inefficient management, and being unable to keep track of market demand have all caused the end of some startups, even those that have enjoyed capital injections worth tens of millions of US dollars.
the wider impact of propzy collapse to the proptech sector

The wider impact of Propzy collapse to the proptech sector

With proptech startup Propzy ceasing operations, VIR’s Bich Ngoc spoke with Doan Tung, chief marketing and growth officer from Houze Group, to discover how proptech businesses like Houze can reduce risks and if Propzy’s downfall will impact investment flows.
vietnamese proptech startup propzy ceases operation

Vietnamese proptech startup Propzy ceases operation

Startup proptech Propzy just released an internal announcement to stop its operation on September 12, and all employee labour contracts are terminated effective September 13 at 12.01am.
investors keen on vietnamese proptech platforms

Investors keen on Vietnamese proptech platforms

Local and foreign investors are eyeing the potential of Vietnam’s proptech platforms, potentially paving the way for them to tap into lucrative real estate deals.
core products being altered with proptech

Core products being altered with proptech

The property technology market is attracting capital and gradually occupying a new position in the global real estate market. Now, Vietnam’s market may have the chance to thrive with the application of more tech in various areas.
vietnamese proptech startup houze bags 2 million

Vietnamese proptech startup Houze bags $2 million

Vietnamese proptech startup Houze has secured $2 million in its latest funding round led by DKRA Group to expand its fully integrated real estate ecosystem for agents and customers through its offline-to-online platform.
investments are flowing into proptech

Investments are flowing into proptech

As a growing number of companies in the real estate industry are embracing technology to promote their sales since the pandemic, investments are flowing into proptech start-ups to capture the opportunity.