SINGAPORE, 14 March 2024 – Propseller, a leading PropTech start-up headquartered in Singapore, has been recognized as the fastest-growing real estate company in the Asia-Pacific region by the Financial Times, a distinction that places it in the publication’s sixth annual ranking of the top 500 high-growth companies across APAC. This recognition not only underscores Propseller’s innovative impact but also its commitment to transforming Singapore’s real estate industry through technology and exceptional service.
Founded in 2018 by Adrien Jorge, Propseller has quickly risen to prominence in Singapore’s real estate sector as a tech-powered real estate agency. By combining technology with its in-house team of top-tier real estate agents, Propseller offers consumers the most reliable way to successfully and efficiently sell, buy, or rent a property.
Specifically for sellers, the company’s model ensures faster property sales at higher prices, all while offering a competitive advantage with a commission rate of as low as 1% —half of what is charged by traditional agencies. This approach not only enhances value for homeowners but also revolutionizes the selling experience. With a suite of professional support services, including top-tier marketing and photography, Propseller elevates each listing. The company’s dedication to excellence has earned it the title of Singapore’s most loved agency, demonstrated by over 700 5-star reviews across Google and Facebook. Moreover, based on recent data analyzed, all of Propseller’s agents active during 2022 ranked within the Singapore top 1% of real estate agents by transaction volume. This accomplishment underscores the Propseller technology and the quality of its training, setting a new standard in real estate service that exceeds the transactional nature often seen with independent agents.
“This distinction by the Financial Times as the fastest-growing real estate company in the Asia-Pacific region for 2024 is an extraordinary honour and a testament to the hard work and dedication of our entire team,” said Adrien Jorge, Founder and CEO of Propseller. “This distinction is a reflection of our relentless commitment to innovation and excellence in a market that is constantly evolving. Despite the tough macroeconomic conditions, we have not only sustained but accelerated our growth trajectory, thanks to our dedicated team and loyal clients. As we continue to set the standard for service and expertise in real estate, this esteemed acknowledgement motivates us to push even further in our quest to transform the property landscape for the better.”
The Financial Times and Statista’s rigorous methodology identifies companies demonstrating exceptional growth, with this year’s list highlighting those that have achieved the highest compound annual growth rates (CAGR) between 2019 and 2022. To qualify for the ranking, companies were required to generate a minimum revenue of $100,000 in 2019 and $1 million in 2022, with growth predominantly organic.
In an economic landscape marked by the World Bank’s forecast of a slowdown in East Asia’s developing economies—projected to be one of the lowest growth rates since the 1960s—Propseller has stood out for its robust performance and strategic resilience. Amidst the challenging macroeconomic conditions, including China’s economic downturn and shifts in US industrial policies, Propseller’s ascension to the top of the real estate sector underscores the company’s dynamic approach and commitment to innovation.
Camille Jacques 