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Ohmyhome

ohmyhome.com ↗

Nasdaq-listed shell after selling its Singapore property business for US$1.

Little protection left
Assessed 26 July 2026 · Evidence as of 26 July 2026
Not much stands between this business and its pressures.
On the recordSince 26 July 2026 · Checkable from January 11, 2027 · Every call on the record Checkpoint: Nasdaq minimum bid price compliance deadline
The call

The listed company kept a brand-new digital marketing sliver while the real property business, licenses and all, went private for a dollar.

Ohmyhome was a Singapore property company that sold its brokerage, renovation, and condo-management operations to a founder-controlled private company in June 2026 for just one dollar. The public shell that remains only has a tiny digital-marketing division with $250,000 in first-year revenue, which is easy for AI tools and competitors like PropertyGuru to replicate since there is nothing unique protecting it from being copied. The real property business sitting in private hands is losing money fast (losses doubled to $7.2 million on $9 million in revenue), so the question now is whether the private condo-management side can keep growing at 40 percent per year to eventually justify any value, or whether it too will be overtaken by AI-powered tools that automate the property work the company does.

Why
01
AI pressure: Generative AI content and ad-creation tools (e.g. Meta Advantage+, ChatGPT-driven copywriting). The new digital-marketing segment sells content and campaigns that AI tools now generate cheaply for anyone. Could AI do the core job? Yes, likely.
02
Bigger players: PropertyGuru Group (EQT-owned). PropertyGuru dominates Southeast Asia property search and lead generation, the layer feeding whatever brokerage leads remain. Could a giant copy it? Yes, easily.
03
What protects it. Regulated brokerage license and locked-in MCST contracts protect the private property arm, not the Nasdaq shell.
What would change this call
Nasdaq shell fails to regain $1 minimum bid price by Jan 11, 2027. Confirms delisting and that the listed entity has no viable business left.
Q3/FY2026 20-F filings show brokerage revenue still declining and MCST growth below 20% YoY. Shows the private property business's core brokerage line continuing to erode against rivals.
Digital-marketing segment revenue for FY2026 fails to roughly double from the $250k base. Shows the shell's only forward business isn't gaining traction against AI-driven marketing tools.
Key numbers
  • Property business sold for US$1 (2026-06-18)
  • Digital marketing segment revenue: US$250,000 (2025-12-31)
  • Negative net assets of US$14.77 million (2026-03-31)
Named risks
  • Nasdaq delisting if OMH fails to regain $1.00 minimum bid price by January 11, 2027. Severity: high
  • Forward revenue depends on unproven digital marketing segment with only US$250,000 first-year revenue. Severity: high
  • Unresolved shareholder disclosure questions over US$1 sale of core business to founder-controlled vehicle. Severity: medium
  • Private property business carries negative net assets of ~US$14.8 million as of March 2026. Severity: medium
  • New digital marketing workflows (content creation, campaigns) are directly exposed to generative AI commoditization. Severity: medium
Rivals, as read in July 2026
RivalDirectionEvidence
PropertyGuru Group (NYSE: PGRU)losing toOhmyhome's legacy brokerage revenue fell ~32.6% in FY2025 amid PropertyGuru competition
99.cocontestingNamed alongside PropertyGuru as pressure on Ohmyhome's Singapore brokerage segment, FY2025
PropsellercontestingTech-enabled Singapore brokerage positioned as direct Ohmyhome alternative, FY2025
generic digital marketing agenciesgaining onOhmyhome Ltd's new content/campaign segment faces undifferentiated global agency competition since July 2025
Questions people ask
Is Ohmyhome profitable in 2026?
No. Ohmyhome's FY2025 net loss more than doubled to about S$9.24-9.53 million (roughly US$7.2 million) as of December 31, 2025, even as combined group revenue rose 12.5% YoY to S$12.24 million, per FY2025 results reported July 2, 2026.
Did Ohmyhome sell its real estate business?
Yes. On June 18, 2026, Nasdaq-listed Ohmyhome Ltd sold its entire brokerage, MCST property management, and renovation business to founder-linked vehicle Sterling Oat for US$1, waiving about US$19 million in intercompany debt.
Is Ohmyhome (OMH) at risk of being delisted from Nasdaq?
Yes. Nasdaq notified Ohmyhome Ltd on July 13, 2026 that its Class A shares had closed below the $1.00 minimum bid price for 30 straight business days, giving it until January 11, 2027 to regain compliance.
Who owns Ohmyhome now?
As of mid-2026 there are two entities: Nasdaq-listed Ohmyhome Ltd, led by CEO Agus Prasetyo since January 9, 2026, and the privatized property business Ohmyhome Pte Ltd, sold to founder-controlled Sterling Oat and still run by co-founder Rhonda Wong.
What does Ohmyhome Ltd do now that it sold its property business?
It rebranded itself as a digital marketing company offering multi-channel campaigns and content solutions for advertisers, a segment launched in July 2025 that generated only about US$250,000 in its first year, per its July 2026 disclosures.
Who is Ohmyhome's biggest competitor?
PropertyGuru (NYSE: PGRU) dominates Southeast Asian property listings; Ohmyhome's legacy brokerage revenue fell about 32.6% to roughly US$2 million in FY2025 amid competition from PropertyGuru, 99.co, and Propseller.
Timeline
  • 2026-07-24OMH shares spike over 180% intraday, from ~$0.25 to $1.19, on speculative trading
  • 2026-07-16Nasdaq issues minimum bid price deficiency notice to Ohmyhome Ltd
  • 2026-07-03Straits Times reports founders have not fully explained $1 asset sale to shareholders
  • 2026-06-18Ohmyhome Ltd sells entire property business to Sterling Oat for US$1
  • 2026-01-09Agus Prasetyo becomes CEO of Nasdaq-listed Ohmyhome Ltd
  • 2025-07Ohmyhome launches new digital marketing segment
  • 2025-03-06Ohmyhome completes 1-for-10 reverse stock split
  • 2023-03Ohmyhome lists on Nasdaq, first Singapore proptech IPO, raising ~US$15.1M
  • 2016Ohmyhome founded in Singapore by sisters Race Wong and Rhonda Wong
Revision history
26 July 2026
First assessed. Little protection left. The text above is fixed as of this date and is not edited afterwards.
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