Private homes in the River Valley/Orchard area in Singapore. Returning Singaporeans and expatriates have driven rental demand in Singapore, according to PropertyGuru’s CFO.
Lauryn Ishak | Bloomberg | Getty Images
Singapore-based online property portal PropertyGuru posted a net loss of S$7.4 million ($5.3 million) for the quarter ended Sept. 30 — down from last quarter’s net profit of S$3.8 million.
But that’s still lower than the net loss of S$9.6 million in the same period a year ago, and third quarter revenue grew by 47% year on year.
Meanwhile, adjusted EBITDA for the third quarter improved to positive S$5.7 million, up from an adjusted EBITDA loss of S$1.5 million in the same period a…