PropertyGuru Group, Southeast Asia’s leading property technology company, has announced the appointment of Lu Yao as Managing Director for Singapore, effective 15 September. Lu Yao will spearhead the company’s growth strategies, focusing on maximising customer value and leading commercial and sales teams. He will also be part of the Executive Leadership Team, reporting directly to CEO Lewis Ng.
Lu Yao brings extensive experience in marketplaces and e-commerce, having previously served as Group Head of Marketplace and Bangladesh Chief Commercial Officer at Daraz Group, part of Alibaba International Digital Commerce. His role involved shaping commercial strategies in South Asia and driving growth in Bangladesh. He also led the growth of Shopee Singapore’s FMCG Cluster and Mall, and has a background in strategy and organisational transformation from his time at McKinsey & Company.
CEO Lewis Ng expressed enthusiasm about Lu Yao’s appointment, stating, “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.” Lu Yao himself remarked, “PropertyGuru has transformed how people in Singapore and Southeast Asia find their dream homes, and I am honoured to be part of that journey.”
PropertyGuru continues to dominate the Singapore property marketplace with over 81% market share, offering tools and services that connect home seekers, agents, and developers. The company aims to further innovate and deliver solutions for property seekers and partners in the region.
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