iProperty Group , an online advertising business serving the real estate industry, has launched CommercialAsia, a commercial property listing platform targeted at investors and property agents.
The platform gives property investors access to over 48,000 offices, serviced offices and hotels across Singapore, Malaysia and Australia. CommercialAsia will be expanding its property listings to include Hong Kong and Indonesia, and hosting a knowledge and resource centre with information on regulation, policy, cross-border tax treaty updates, currency impact on valuations and expert forecasts for the industry.
Sean Tan, Singapore general manager and chief business development officer at Iproperty Group said, “Asian cross-border commercial property investment is rising, accounting for 33 per cent of commercial property investment transactions in the 12 months ending Q2 2016, the highest level since Q2 2008, according to Real Capital Analytics. CommercialAsia helps sophisticated investors make well-informed decisions on cross-border real estate investment. Property agents also benefit as the platform allows them to tap into iProperty’s extensive network of savvy and experienced investors.”
CommercialAsia features consolidated listings from multiple sources, including Australia-based REA Group and iProperty Group, giving users one-stop access to an extensive range of commercial properties across the region. iProperty Group owns market leading property portals in Malaysia, Thailand, Indonesia and Hong Kong, while REA Group operates Australia’s leading commercial property website – realcommercial.com.au.