Thailand’s Dot Property, which operates a variety of property and real-estate portals throughout Southeast Asian countries, has completely acquired  listing start-up Hipflat in recent news. This acquisition was completed for an undisclosed figure, but is expected to have been high based on past trading.

With the recent acquisition, completed at the end of October 2020, Hipflat is now the 13^th   site added to Dot’s network since it started in 2013. A reapid growth into the market with some impressive acquisitions in its portfolio.

Hipflat’s key investors engaging the new company with some impressive figures of their own. Within 2017 alone, Hipflat had raised a large funding via Japanese auction and pricing analytical company Aucfan.

The group continued on it’s rise, with the Hipflat team reporting a rise in visits to its English and Thai language websites, with a rocketing 71% increase in 2019 and more than a 60% rise in overall enquiries.

The deal includes the digital assets, including Hipflat’s website which boasts over 200,000 property listings in Thailand, making it a major player in the market. Dispite now having control over two prominent listing sites in the region, Dot Property and Hipflat, the overlap between enquiries on the two sites is surprisingly small, only at 5% reported by the company. This statistic shows the broad reach that these two websites have side by side within the Dot Property portfolio.

“Ultimately, our goal is to help people find a home. By adding Hipflat to the Dot Property network, we can reach more home seekers and provide them with unique search experiences,” said James Claassen, GM, Dot Property.

The already active Hipflat platform will now have the infrastructure support from Dot Property’s 70 staff members located across the region. We see that many tech companies and startups, founded in Thailand, show promise for success, with a boom in online trading as well as international trade into the region supporting growth.

For investors looking to expand their portfolio into Thailand, it is digital leaders such as Dot Property and other online real estate marketplaces showing substantial growth that signal for a positive trend in the region. With investors looking at key signals such as these to identify market health and movement, we can confirm that the national real estate trade is continuing on its upward trend in what is gearing up to be a strong 2021.