Internet real estate company iProperty Group Limited (ASX:IPP) is set to acquire Macau based vproperty.com for $US300,000.
iProperty says the acquisition extends the reach of its real estate portal in the region and will allow it to offer advertisers access to property investors from mainland China.
iProperty is focused on developing and operating real estate internet portals in Asia under its brand.
iProperty reported a net loss of $2 million for the 2011 financial year.
