iProperty.com.sg and sgCarMart.com Announce Strategic Partnership

Singapore, Singapore, June 21, 2008 --(PR.com)-- Two of Singapore’s No. 1 online players for real estate and cars respectively, iProperty.com Singapore (www.iproperty.com.sg) and sgCarMart.com (www.sgcarmart.com), today announced that they have forged a strategic partnership to power each other’s online presence by increasing the volume of targeted traffic to each website.

This partnership, which will be effective immediately, will see sgCarMart.com’s advertising banners placed on iProperty.com Singapore’s homepage as well as property listing pages. In exchange, iProperty.com Singapore will also display their advertising banners on sgCarMart.com’s homepage and used cars information page.

Both iProperty.com and sgCarMart.com are clear leaders in the property and car online classifieds arenas respectively, and are known for their credibility and trustworthiness. Last October, iProperty.com Singapore entered into a formal alliance with the Singapore Institute of Estate Agents (IEA) to help regulate and develop the Institute’s consumer property portal; while sgCarMart.com’s website bears the TrustSg seal, the mark from the National Trust Council of Singapore which recognises merchants that are trustworthy e-commerce operators which promote good e-business practices. The two websites also share very similar user demographic profiles - attracting mainly highly-educated, mid-high net worth individuals who are internet savvy.

Mr Patrick Grove, Executive Chairman of the iProperty.com Group said, “iProperty.com and sgCarMart.com are perfect candidates for a partnership, not only because both websites attract users of a similar demographic profile, but also because we are the online leaders in our respective fields and consumers look to us as a one-stop internet marketplace for properties and cars respectively. By leveraging our synergies, I believe we can create a mutually beneficial alliance in the long run which can definitely increase the volume of targeted traffic to each website.”

Added Mr Vincent Tan, Director of sgCarMart.com, “We are very happy to be working with iProperty.com Singapore. By cross-advertising, we are effectively increasing the awareness and hopefully, click through to each website. iProperty.com’s regional network also allows us to reach a wider audience and target foreigners interested in moving to Singapore who might be looking to buy a car in addition to a house.”

iProperty.com, Singapore’s No. 1 property website, has the largest database of current and archive property listings in the country. Just last month, iProperty.com joined forces with MSN to launch exclusive and dedicated property channels on MSN Malaysia and MSN Singapore. iProperty.com Singapore also recently won the highly prestigious “Best Property Portal” at the CNBC Asia Pacific Property Awards 2008.

Similarly, sgCarMart.com, which has been voted “Most Popular Automotive Site” by Hitwise three years in a row, is regarded as the foremost website for car buyers in Singapore. Since its inception in June 2004, sgCarMart.com has garnered an immense following with a whopping 13 million page views & visits by more than 900,000 shoppers each month.

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About iProperty.com Singapore (www.iproperty.com.sg)
iProperty.com Singapore is the country’s No.1 property and real estate website with more than 200,000 current and archive property listings. Working with more than 1,200 real estate agents, iProperty.com hosts the largest and most comprehensive online database of properties for sale and rent in Singapore.

About iProperty.com (www.iproperty.com)
The iProperty.com Group is Asia’s No. 1 online property group, with leading property websites in Singapore, Malaysia, Hong Kong and Philippines. It is part of Australian Securities Exchange-listed IPGA Limited (www.ipgalimited.com), (ASX: IPP). Recently, the iProperty.com Group made history by winning the highly prestigious CNBC Asia Pacific Property Awards in the “Best Property Portal” category for 4 of its websites – Singapore, Malaysia, Hong Kong and Philippines.

iProperty.com Network:
Singapore: iProperty.com Singapore
Malaysia: iProperty.com Malaysia and iLuxury.com.my
Hong Kong: GoHome.com.hk and House18.com
Philippines: iProperty.com Philippines
Events: iProperty.com EXPO

About sgCarMart.com (www.sgcarmart.com)
sgCarMart.com is Singapore’s Number 1 car site. With almost 10,000 car listings, it offers the largest database of new and used cars for sale in Singapore. sgCarMart.com attracts more than 900,000 visitors every month and as a testament to its popularity, it has been awarded the Most Popular Automotive Site in its category for three years running by Hitwise.