Juwai.com, a property search engine that helps Chinese buyers to buy overseas real estate properties, is planning to go public at the Australian stock market by end of this year.  

"The listing is important for our growth," Juwai's CEO Charles Pittar said in an interview in Tokyo on Friday.  

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Pittar said that the firm plans to raise funds from institutional investors and strategic partners before selling shares to retail investors in public by end of this year or in early 2017. However, he did not give any details about size of the IPO.

Juwai will use the fund to hire talents across the world to bolster its global presence.

Buoyed by their increasing wealth, large numbers of Chinese buyers have been buying overseas properties, boosting real estate prices across the world including Sydney, New York, and Tokyo. According to Knight Frank LLPs, outbound real estate investment more than doubled from $15 billion in 2014 to $35 billion in 2015.        

Juwai has been at the forefront of the boom in outbound real estate investment. Starting in 2011, the startup has played an instrumental role in connecting Chinese buyers with reputed overseas brokers through 2.5 million listings on its website. According to the company, Juwai.com attracts 2 million unique visitors per month.       

While the boom in outbound real estate market has so far helped Juwai to chart an impressive growth so far, but experts say that outlook for 2016 remains unpredictable.

Meanwhile, Juwai is close to announcing a partnership with a Japanese firm in coming weeks, which Pittar did not comment on. 

TagsJuwai.com, Real estate Industry in China, Outbound Real Estate Investment in China