Strategic Partnership Between vlifestyle.com and propbuzz.com.sg Leading Property Portal in Singapore

SINGAPORE, July 2001 - vlifestyle.com, a premier Internet community hub, and Propbuzz.com.sg Pte Ltd ("Propbuzz") is Singapore's leading provider of information resources, technology applications and marketing solutions to the real estate and related industries.

Propbuzz Holdings made a strategic acquisition of another real estate portal, PropertyLifestyle.com Pte Ltd, one of the leading players in the industry.

"The acquisition is a clear demonstration of the commitment of the shareholders to make Propbuzz the leading property portal in Singapore. Propbuzz's strength in commercial and primary residential listings will be enhanced by PropertyLifestyle's focus on the secondary resale market," said Mr. Martin Tan, Chairman of Propbuzz Holdings.

PropertyLifestyle started out as RealTools in 1995, and had since built an unsurpassed strength in secondary resale market. It was a leading property portal that powered many search engines and Internet Service Providers (ISPs).

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About vlifestyle.com

vlifestyle.com is a leading community hub developed to providing lifestyle-oriented contents and building niche online networks. As a premier online navigational guide to exciting and up-to-date information, vlifestyle.com is enhanced with user-friendly platforms, such as customization, tracking and text-to-speech technology. The company also provides online business services designed to enhance vlifestyle's clients's Web services, including hosting, application development and consultancy. The company's regional Web network has 18 hot channels, including car, movies and music.

vlifestyle.com also owns PropertyLifestyle.com Pte. Ltd. PropertyLifestyle.com is the formalisation of a merger between eProperty of vLifestyle.com Pte Ltd and The Central Property Exchange (also known as "the Exchange") of the Power Purchase Group Pte Ltd. To date, PropertyLifestyle.com provides real estate information in Singapore and other regional cities/countries, including HongKong, Malaysia, Philippines and Thailand

PropertyLifestyle started out as RealTools in 1995, and had since built an unsurpassed strength in the property resale market. It was a leading property portal that powered many search engines and Internet Service Providers (ISPs).

About propbuzz.com.sg

Propbuzz.com.sg Pte Ltd ("Propbuzz") is Singapore's leading provider of information resources, technology applications and marketing solutions to the real estate and related industries.

At the heart of Propbuzz's operations is www.propbuzz.com, a real estate Internet portal developed to be an online real estate community to fulfil the needs of individuals as well as those of real estate professionals and businesses.

We were launched as Propbuzz Holdings Pte Ltd in November 2000 through the pedigreed partnership between leading property developers, CapitaLand (through pFission), City Developments Limited and MCL Land Limited, and leading international property consultants CB Richard Ellis and Jones Lang LaSalle.


Contact
vlifestyle.com
Tel : +65 65388290
Fax : +65 65388291
e-mail : jesonwu@vlifestyle.com
propbuzz.com.sg
Tel : +65 63777137
Fax : +65 62718837

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