There's a 'massive gap' between housing demand and supply in Singapore, PropertyGuru CEO says

Abstract

Singapore introduced measures to cool the property market in December 2021, but analysts said they expected prices to continue to rise. Prices of private residential properties increased by 0.7% in the first three months of 2022, compared with the 5% increase in the last quarter of 2021. PropertyGuru shares started trading on the New York Stock Exchange in March after a merger with special purpose acquisition company Bridgetown 2, which is backed by billionaires Richard Li and Peter Thiel. In its first earnings release last week. It reported a 42 per cent increase in revenue from a year last year, but also a rise in net loss to $87.8 million. In the last week, it also reported a rise to $83.3 million in revenue