PropertyGuru Pte. Ltd. provided earnings guidance for the year 2021. During the second half of 2021, the Group has been navigating Southeast Asia's uneven recovery from the COVID-19 pandemic.

In Vietnam and Malaysia, the strict lockdown orders have significantly reduced real estate activity. These challenges have been partially offset by stronger than expected recovery in Singapore where the COVID-19 situation has been more stable. For its full year 2021 revenue outlook, the Group has taken into account the strength of its business while recognizing the ongoing adverse impact of COVID-19 driven restrictions on its five markets.

Accordingly, the Group has marginally reduced the full year 2021 revenue outlook to approximately SGD 97.5 million, which would represent an 18.8% increase over 2020.