Ohmyhome sees 1H24 revenue growth over 110% vs. 1H23

Ohmyhome announced the latest updates on key business metrics for the first half of 2024 compared to the previous year. Key Highlights: Brokerage segment: Saw a 53% Y-o-Y growth in Gross Transaction Value, benefiting from tech investments into HomerAI, connecting over 21,500 homes with a total value of over $14 billion. Brokerage GTV as a percentage of total property value transacted increased from 37% to 60% in H1 2024 compared to H1 2023. Renovation segment: Witnessed a 194% increase with more office and residential projects, bolstering market share through creative and cost-effective solutions. Property Management segment: New revenue contributions from this recently acquired segment, which also showed promising growth through successful IoT solutions. Projects under management increased by 29% Y-o-Y compared to H1 2023. Anticipated Revenue: Anticipated revenue for H1 2024 is expected to be over 110% growth compared to H1 2023. Rhonda Wong, CEO and Co-founder of Ohmyhome, commented, “We are excited about our achievements in 2024 so far, and the new features we have launched to improve user experience and help them sell their homes and purchase their next dream homes. We remain committed to our vision of becoming the most trusted and comprehensive property solution for everyone through the use of technology, and we have more exciting features to be launched in the future.”