Juwai.com and IQI Global merger creates Asiaʼs biggest proptech group

By: Jotham Lim

Juwai.com, the leading Chinese website for buyers of overseas property, and IQI Global, the top real estate network in Southeast Asia and the Middle East, has announced on 26th July 2019 that they would merge to create Asiaʼs biggest proptech group specialised in global new development properties.

From left: Sheila Tan (Group Executive Director of IQI Global), Daniel Ho (Managing Director of IQI Global), Kashif Ansari (CEO of IQI Global), Georg Chmiel (Executive Chairman of Juwai.com), and Nabeel Mungaye (COO of IQI Global)

The new group, Juwai-IQI, will operate under the two separate brands: Juwai.com for online advertising and media services and IQI Global for project marketing, sales of property developments, and secondary market properties.

“The combined group already completes on average 1,000 sales per month, deploys an exclusive and growing network of 5,000 salespeople, and possesses a very large database of consumers in China, India, the Middle East, and North Africa (MENA) region, and Southeast Asia,” said Kashif Ansari, CEO of the IQI Global.

Juwai.com currently reaches 3.3 million monthly users with its 2.8 million listings from 91 countries, and IQI Global has more than 5,000 salespeople in 25 offices across 15 countries.

Real estate developers will benefit from the combined Juwai-IQI, as the first company to fully integrate online marketing and offline sales functions for new developments. Juwai-IQI will be the first company in the world with the ability to offer an end-to-end solution.

Georg Chmiel, Executive Chairman of Juwai.com, said, “Juwai.com gives exposure to the market where up to half of all global property buyers originate from, and the IQI network is marketing and selling properties in many of the places where these buyers want to buy. This includes, in particular, Southeast Asia, Japan, Australia, New Zealand, the US and Canada, the UK, Germany and France and other markets.”