PropertyGuru Bags SVCA Best Performing Company 2010 Award

Singapore's leading property portal named Best Performing VC / PE-Backed Company

Singapore, Singapore, October 18, 2010 --(PR.com)-- AllProperty Media, the company behind the country's number one property website, www.propertyguru.com.sg, has made headlines again by winning the award for Best Performing VC / PE-Backed Company, at the inaugural annual 2010 SVCA Awards. This accolade comes less than a week after picking up the Singapore Infocomm Technology Federation (SiTF) award for Best E-Enterprise Company for 2010.

Only two awards were given out at a Gala Dinner & Awards Ceremony held at Shangri-la Hotel, including the “Best Performing VC / PE backed company” and “Best Exit realized.”

Organised by Singapore Venture Capital and Private Equity Association (SVCA), the awards recognise Singapore venture capital and private equity back firms and their investors for outstanding business performance, effective use of funds, increase in shareholder value and the role of investors in adding value to the business.

AllProperty Media was singled out for the stellar business performance over the last three years, effective use of funds and the active role of its investors, Upstream Ventures and Tigris Capital, in adding value to the business.

All entries underwent two main stages of assessment, including nominations from SVCA members and associates and two rounds of presentations and judging by an independent panel of judges.

The team of expert judges were made up of industry venture capitalists and private equity veterans, such as members of the SVCA “Hall of Fame” like Mr. Timothy Chia (Chairman Asia for UBS Investment Bank and Chairman, Hup Soon Global Corporation) and Mr. Anil Thadani (Chairman of Symphony Asia Holdings and a private equity investor since 1981).

"We would like to congratulate AllProperty Media and the investors, Upstream Ventures and Tigris Capital, on winning the award. We are happy to see VC and PE firms bring value-add to their investee companies and achieve successful business performance together,” said Mr. Eugene Wong, Chairman of SVCA.

“We’re delighted to receive this prestigious award, which recognises our outstanding growth and increased shareholder value over the last three years. This is testament to the team's hard work plus our investor’s continued unwavering support. We’re committed to building on this success and to further accelerate our growth over the coming three years,” said Mr. Steve Melhuish, CEO AllProperty Media Pte Ltd.

AllProperty Media, the company behind the country's number one property website, www.PropertyGuru.com.sg, has made headlines again by winning the award for Best Performing VC / PE-Backed Company, at the inaugural annual 2010 SVCA Awards.

This accolade comes less than a week after picking up the Singapore Infocomm Technology Federation (SiTF) award for Best E-Enterprise Company for 2010.

Only two awards were given out at a Gala Dinner & Awards Ceremony held at Shangri-la Hotel, including the “Best Performing VC / PE backed company” and “Best Exit realized.”

Organised by Singapore Venture Capital and Private Equity Association (SVCA), the awards recognise Singapore venture capital and private equity back firms and their investors for outstanding business performance, effective use of funds, increase in shareholder value and the role of investors in adding value to the business.

AllProperty Media was singled out for the stellar business performance over the last three years, effective use of funds and the active role of its investors, Upstream Ventures and Tigris Capital, in adding value to the business.

All entries underwent two main stages of assessment, including nominations from SVCA members and associates and two rounds of presentations and judging by an independent panel of judges.

The team of expert judges were made up of industry venture capitalists and private equity veterans, such as members of the SVCA “Hall of Fame” like Mr. Timothy Chia (Chairman Asia for UBS Investment Bank and Chairman, Hup Soon Global Corporation) and Mr. Anil Thadani (Chairman of Symphony Asia Holdings and a private equity investor since 1981).

"We would like to congratulate AllProperty Media and the investors, Upstream Ventures and Tigris Capital, on winning the award. We are happy to see VC and PE firms bring value-add to their investee companies and achieve successful business performance together” said Mr. Eugene Wong, Chairman of SVCA.

“We’re delighted to receive this prestigious award, which recognises our outstanding growth and increased shareholder value over the last three years. This is testament to the team's hard work plus our investor’s continued unwavering support.

“We’re committed to building on this success and to further accelerate our growth over the coming three years,” said Mr. Steve Melhuish, CEO AllProperty Media Pte Ltd.

Media Contacts:
Ms Winnie Khoo
AllProperty Media Pte Ltd
Contact number: +65 6238 5971
Email: winnie@allproperty.com.sg

May Nah Chin
August Consulting
Contact: +65 6733 8873
Email: maynah@august.com.sg

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Allproperty Media Pte Ltd
Romesh Navaratnarajah
+65 6238 5971
www.propertyguru.com.sg
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