Ohmyhome Reports Stellar Business Growth in the Third Quarter of 2024

Continued business growth across three segments in Q3, with brokerage GTV grew 51% Y-o-Y, renovation contracts grew 403% Y-o-Y and hit USD 1.46 million, and property management units increased 23% from 7,560 to 9,283.

Company remains focused on operational efficiency, cash flow optimization and driving profitability as it continues to grow across key business segments.

Singapore, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Ohmyhome Ltd. (NASDAQ:OMH, " Ohmyhome ", "the Company ")), a one-stop-shop property technology platform providing end-to-end property solutions and services including brokerage, renovation and condominium property management services in Singapore, is pleased to announce our latest updates on the Company's business growth in the Third Quarter of 2024, after Ohmyhome Reports Results of 106% Growth in the First Half of 2024.

Key Highlights

Agent Brokerage SegmentThe agent brokerage business has achieved impressive growth, with GTV (Gross Transaction Value) reaching USD 84 million in Q3 2024. This marks a 48.7% increase compared to USD 56.5 million in Q3 2023. This strong performance is a testament to our expanding client base and the growing demand for our brokerage services.

Renovation SegmentThe renovation segment has seen significant momentum, with contracts signed totaling SGD 1.93 million (approximately USD 1.46 million) for the three months ended September 30, 2024. This is a substantial increase compared to the SGD 1.3 million (USD 0.9 million) for six months ended June 30, 2024, reflecting the robust growth of this segment and increasing customer interest in our renovation solutions.

Property ManagementOur property management ...