Singapore-based OhMyHome has revealed plans to expand into Thailand.
The property marketplace announced yesterday (Thursday) it has raised S$ 4 million (THB 95 million) in Series A funding which it plans to partially use for its regional expansion plans, including Thailand and Malaysia.
Thailand is now home to numerous property portals and websites that offer services to buyers, sellers and renters in a multitude of languages – beyond only Thai and English.
OhMyHome was launched two years ago by sisters Rhonda Wong and Race Wong,
In Singapore it aims to simplify how properties are transacted, claiming to make the process simpler, faster and more affordable.
It also enables buyers and sellers to conduct do-it-yourself transactions as well as offering fixed-rate agency services, on-demand legal services and mortgages.
It is unlikely that the website will be able to offer similar do-it-yourself services in Thailand given the need for buyers to be represented at the Land Office, and for the transactions to be completed in Thai.
OhMyHome said it has helped conduct more than 2,000 transaction worth a combined S$ 850 million (THB 20 billion) – saving Singapore buyers and sellers more than S$ 20 million (THB 475 million) in agency commissions and fees.