PropNex acquires PropTech platform Ovvy

By
/ EdgeProp Singapore
|
April 6, 2021 4:41 PM SGT
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.
ISMAIL-GAFOOR - EDGEPROP SINGAPORE
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.
“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.
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“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.”