The Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed acquisition of PropertyGuru Group Limited by Hedychium Group Limited, concluding that it does not violate Singapore’s Competition Act.
Following a public consultation and detailed assessment, CCCS determined that the merger would not substantially lessen competition in Singapore’s digital real estate advertising market.
Key findings included no market overlap, no concerns over vertical integration, and no complementary offerings between the parties.
