99.co, Buzz, News, Property, PropertyGuru, Singapore

PropertyGuru is taking 99.co to court


Image credit: Wikimedia.

PropertyGuru, Singapore’s largest property classifieds portal in terms of traffic, is suing rival startup 99.co over copyright and design matters.

The next hearing will be held on September 20 in the Singapore Supreme Court. Both parties are unable to comment on the case as court proceedings are underway.

“In April 2016, we filed a writ of summons against 99.co. The case has been heard in the court since then,” says a PropertyGuru spokesperson. A writ of summons is a court document for starting civil legal proceedings in Singapore.

The case follows intensifying competition between the two for Singapore’s property market.

Earlier in September, over 1,000 property agents banded together to protest PropertyGuru’s price hikes on new packages, which allow agents to advertise their properties on the website. They’ve formed a group called Agents United, and one of its goals is to list more properties on 99.co. PropertyGuru has over 15,000 agents subscribing to its packages.

Traffic for PropertyGuru’s Singapore site was at 1.9 million visits in August, estimates SimilarWeb. That’s about four times more traffic than 99.co, which hit 450,000 monthly visits.

This post PropertyGuru is taking 99.co to court appeared first on Tech in Asia.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

twenty − 3 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.