PropGO..Com Expands Into the US Market Through Partnership With Condo.com
PropGO.com to display its listings to millions of potential buyers in USA.
Miami, FL. December 29, 2008 - Condo.com, the world's largest condo marketplace, which lists condominiums for sale and for rent in the United States and 70+ countries around the world, announced its newly formed partnership with PropGO, the fastest growing property portal in Asia. This partnership allows Condo.com advertisers to increase their exposure to the large and active Asian marketplace and provides its users with access to over 500,000 property listings in China and Singapore.
"Our real estate developer, broker and agent advertisers will now receive increased global exposure for their property listings. The strength of the Asian currencies vis-à-vis the US dollar makes US real estate a compelling investment opportunity and this partnership is another way to provide enhanced exposure and results for our clients," says Richard Swerdlow, Founder and CEO, of Condo.com.
"The partnership with PropGO is part of our continued global resource and branding strategy and in our efforts to display every available condo for sale or rent worldwide, expansion into Asia is a natural progression," Swerdlow adds. "We're pleased that PropGo joined us in moving so rapidly and making this happen in time for a strong launch in early 2009." This helps give our US Listings exposure to millions of wealthy property investors in Asia already on PropGO's platform.
Message from CEO of PropGO.com
"At PropGO, our mission is to deliver superior, online real estate information to consumers in China while providing high ROI for the developers, agents and real estate advertisers who want to reach those consumers. We are delighted that our strategic partnership with Condo.com advances the success of that mission," adds George Varvitsiotis, founder and CEO of PropGO.com
About Condo.com
Condo.com ( http://www.condo.com ) is the world's largest condominium marketplace with over 800,000 listings valued in excess of $200 billion. The site receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. Condo.com improves and simplifies the way people buy, rent, sell, manage, market and enjoy the condo lifestyle. Condo.com lists condominiums for sale and for rent in the United States and 70+ countries around the world. The Company cost-effectively delivers exposure and qualified leads to developers, brokers and owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com is privately held and headquartered in Miami, Florida. For more information visit http://www.condo.com .
About PropGO
PropGO.com (http://www.PropGO.com) is the FASTEST growing property portal in China & Hong Kong - with over 1M listings and growing by 2,000+ listings per day! PropGO is the only US-based company in the online real estate space in Asia delivering superior products and services to the Chinese marketplace. PropGO offers customers: - CRM software, exclusive lead generation, customizable websites, digital billboards, listing marketing, community features, and member features. PropGO serves a large, rapidly growing and underserved market in China - for every real estate agent in China the US has 20 on a per capita basis.
Additional Facts:
China has the largest number of internet users in the world with less that 17% of its population currently online - Internet penetration CAGR (DEFINE THIS TERM) is projected at 30%+ over the next several years. GDP growth is projected between 8% - 11% per annum over the next 5 years and real estate industry growth is projected at over 8% per year over the next 5 years. Migration of China's population from rural to cities is at historic proportions (over 30,000 million people migrating to cities per year / this number is projected to grow to 50 million per annum) creating a strong and growing demand for consumers to find home and related information online. The migration of advertising spending from traditional and print media to online is only just beginning in China and is expected to follow the same transformation as in the US. |