Kuala Lumpur, MALAYSIA, 29 October 2010 – iProperty.com Malaysia (www.iproperty.com.my), Malaysia’s No.1 Property Website and part of Australian Stock Exchange listed IPGA Ltd (ASX:IPP) has been granted the prestigious Multimedia Super Corridor (MSC) Status by local government agency the Multimedia Development Corporation (MDC).

Country Manager of iProperty.com Malaysia, Timothy Hor said, “Being given the MSC status reaffirms our position as an industry leader with uncompromising world-class standards. I am thrilled that our plans and direction are in line with Malaysia’s goal towards an information age economy. This grant opens huge opportunities for iProperty.com as paves the way in fulfilling our goal to provide innovative services and products to our customers and consumers and of ultimately, the country.”

"This award paves the way and opens up opportunities for iProperty.com to continue to provide innovative services and products to our customers and consumers, and ultimately, the country," he added.

To date, iProperty.com Malaysia has experienced tremendous growth in all key metrics. Over 550,000 visitors use the portal to search for properties advertised by over 95% of Malaysia’s top property developers and over 4,600 real estate agents. iProperty.com Malaysia also recently launched Malaysia’s first real estate search applications for the iPad and iPhone as part of its commitment to providing innovative products to meet current and future needs.