99 Group doubled sales bookings in 2020, eyes aggressive expansion

99 Group doubled sales bookings in 2020, eyes aggressive expansion

Tech in Asia·2021-05-31 13:00

Singapore-headquartered property startup 99 Group has doubled its sales bookings in 2020 despite the Covid-19 pandemic, a source familiar with the firm tells Tech in Asia. It is in advanced discussions to secure funding that will fuel its expansion beyond Singapore and Indonesia.

Part of this proposed deal would involve an investor buying out Australian property firm REA’s 27% stake in 99 Group, along with pumping in fresh expansion capital. This move would free up 99 Group to pursue its aggressive growth plans, Tech in Asia understands.

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