SINGAPORE (June 4): Peter Lim, the Singaporean billionaire investor, has acquired a 20% interest in property portal TheEdgeProperty.com.

The consideration for the stake was not disclosed.

The investment represents Lim’s first foray into the technology sector.

His major investments besides Spanish football club Valencia include Thompson Hospital, FJ Benjamin, and McLaren.

“This unique internet technology enables and helps existing shareholders strengthen their business”, says Lim, “The business model is not disruptive and it is aligned to the interests of the property agents, developers, banks, and public users. Growth prospects are good because it’s very scalable and revenue generation is immediate.”

TheEdgeProperty.com is owned by Tong Kooi Ong.

He is also the owner of The Edge Media Group which publishes TheEdgeMarkets.com, The Edge Singapore, The Edge Malaysia and The Edge Review.

The site is already live.

TheEdgeProperty.com will have its official launch event in Singapore on July 25, 2015, after making its debut in Malaysia on May 7, 2015.

It has partnered 10 of the top developers in Malaysia and discussions are in progress in Singapore.

For the first time, property buyers, sellers and renters will have all the information that is required in making a better decision, for free.

Offering mortgages within the platform will be a central feature, where the full experience of buying a property is all integrated, from searching for listings, to contacting agents, to finding the right price and securing a mortgage, is all integrated.