Singaporean Cellular Market Carousell Launches Hong Kong Property Platform


Carousell, a Singapore-based on-line market, introduced on Monday the official launch of a property itemizing platform in Hong Kong.

The startup is partnering with Hong Kong firms, together with Midland Realty, one of many metropolis’s largest realtors, to offer listings of native and abroad residential and industrial properties on the market and lease by means of its Carousell cell utility.

The platform, referred to as Carousell Property, additionally contains quite a lot of companies, together with Residence Companies (house repairs, shifting, renovation), Residence & Furnishings (furnishings, gardening) and Kitchen and Home equipment, in addition to a chat operate to speak on to retailers.

Since its smooth launch in 2019, Carousell Property has seen rising curiosity as a part of an increase in demand for on-line buying. “For a metropolis like Hong Kong that pursues pace and effectivity, buying on a one-stop market like Carousell Property will assist customers save time,” stated Cahill Kei, head of enterprise growth of Carousell Hong Kong, in an announcement. “The Carousell Property market provides retailers entry to extra customers, and makes all the course of, whether or not you’re renting or shopping for, straightforward and seamless.”

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Along with Midland Realty, different Hong Kong firms Carousell is partnering with for Carousell Property embrace shifting firm Going Transferring and co-working firm Metro Workshop. Carousell Property stated will probably be specializing in co-working areas for the second half of this yr.

Carousell was cofounded by Marcus Tan, Lucas Ngoo and Siu Rui Quek in 2012. Since then, Carousell has grown right into a platform with greater than 250 million listings. In 2016, Ngoo and Quek have been honored as a part of the Forbes 30 Under 30 Asia.

The startup is backed by Norwegian cell operator Telenor Group, South African tech big Naspers and enterprise capital companies Rakuten Ventures and Sequoia India. Carousell primarily operates in Singapore, Taiwan, the Philippines, Malaysia, Indonesia, Hong Kong, New Zealand, Australia and Canada.



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