Singapore – September 4, 2025 – PropertyGuru Group (“The Group” or “PropertyGuru”), Southeast Asia’s leading1 property technology (“PropTech”) company announced today the appointment of Lu Yao as Managing Director, effective September 15. As Managing Director, he will lead the growth of the Group’s Singapore marketplace business, PropertyGuru, and will drive strategies that deliver value to property seekers and customers. Lu Yao will be a part of the Group’s Executive Leadership Team (XLT) and will report to the Chief Executive Officer, Lewis Ng.
Lu Yao brings rich marketplaces and e-commerce industry experience, delivering commercial growth, driving operational excellence and leading large teams across Singapore and Asia. Before PropertyGuru, he was the Group Head of Marketplace and Bangladesh Chief Commercial Officer at Daraz Group (Alibaba International Digital Commerce), responsible for shaping the company’s commercial strategy in the South Asia region while driving the growth transformation for Bangladesh. Previously, Lu Yao led the growth mandate for Shopee Singapore’s FMCG Cluster and Mall, building its retail and last-mile delivery businesses from scratch. Earlier in his career, he advised on strategy and organisational transformation as a management consultant at McKinsey & Company in China and led patented product innovation in research and development at Dow Chemicals in the United States.
As Managing Director for Singapore, Lu Yao will drive business and growth strategies that maximise the customer value and impact, spearhead the commercial and sales teams, lead and mentor a cross-functional country leadership team towards shared success, and manage business operations. As part of the XLT, Lu will play an integral role in driving the Group’s business strategy and execution alongside the rest of the leadership.
Lewis Ng, Chief Executive Officer, PropertyGuru Group, said, “We are excited to have Lu join us as our Managing Director for Singapore, and on behalf of the Group, I would like to extend a warm welcome to him. Lu’s deep experience in marketplaces and his strength in scaling businesses with the customer at the core are essential for our next growth phase. His expertise will be invaluable as we continue to innovate and deliver more meaningful solutions for property seekers, agents, and partners in Singapore.”
Lu Yao, Managing Director, Singapore, PropertyGuru, said “PropertyGuru has transformed how people in Singapore and Southeast Asia find their dream homes, and I am honoured to be part of that journey. I look forward to working closely with the dynamic and diverse team to deepen the trust we have built with property seekers and partners, while driving innovation and growth to shape the next chapter of the PropTech industry in the region.”
About PropertyGuru Singapore
PropertyGuru.com.sg continues to be the No.1 property marketplace in Singapore. With more than 81% market share, PropertyGuru is the preferred destination for property seekers to find, finance and own their dream home.
By transforming how Singaporeans search for property, PropertyGuru has become a key partner in Singapore’s real estate ecosystem, providing the content, tools and services, that enable home seekers, agents, and developers to connect effectively and make confident decisions.
The marketplace is part of PropertyGuru Group, Southeast Asia’s leading property technology company.
For more information on PropertyGuru marketplace, visit PropertyGuru.com.sg, or our social media pages on Facebook, Instagram, Twitter, YouTube.
About PropertyGuru Group
PropertyGuru Group is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 32 million property seekers monthly2 to connect with over 50,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 1 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions.
Launched in Singapore in 2007, the Group has been advancing to make the property journey transparent and efficient for property seekers and sellers in Southeast Asia. In the last 18 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its markets in Singapore, Malaysia, Vietnam, Thailand as well as the region’s biggest and most respected industry recognition platform – PropertyGuru Asia Property Awards, events and publications across Asia.
For more information about the Group, please visit PropertyGuruGroup.com and LinkedIn.
Media contact:
PropertyGuru Group
Corporate Communications
[email protected]
2 Based on Google Analytics data between July 2024 and December 2024.
3 Based on data between October 2024 and December 2024.
4 Based on data between July 2024 and December 2024.
