Adding Property Management to our business is a big winner for an immediate increase in revenue and profit.
It happens next week. ~35% of people currently rent in Australia so having an instant crack at that marketshare has the potential for massive growth, outside of sales.
Ibuynew, nyko and Indo-pacific property. All complement each other.
Also we are gaining all the connections with Fang via IPP.
"Fang Australia is the Australian representative office of Fang.com. Fang.com is currently the largest real estate Internet portal in the world, with in excess of 70% of the market share in China – the world’s fastest growing economy, with arguably the most voracious appetite for international real estate on the planet."
"Fang Australia promotes Australian real estate projects to more prospective buyers then anyone else. Fang.com has 34 million Members on its database and enjoys over 9 million unique visits per month."
"Fang.com expanded into international sales in 2013, and with over 200 international sales staff in Beijing and Shanghai servicing over 100 cities across China, our reach is second to none for purchasers wanting to access premium property in the Australian market."
They will all be able to create sales of Ibuynew properties through the fully automated Ibuynew software. Do the math ;-)
DYOR & GLTAH
IBN Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held