Ohmyhome sells real estate brokerage for token $1

Key Facts

Amid growing pressures on small real estate firms listed in US markets, Nasdaq-listed Ohmyhome Ltd has sold its real estate brokerage business for a token $1 to Sterling Oat, according to media reports. The nominal price reflects the company's persistent operating losses and declining revenue amid fierce competition in the digital property sector.

The deal follows consecutive quarterly operating losses, prompting management to restructure. According to reports, Ohmyhome now plans to focus on digital marketing, a sector that may offer better margins than capital-intensive brokerage. The company has not yet issued guidance for the second quarter.

Investors will watch for the company's Q2 2026 earnings release and updates on the new digital marketing strategy. Any improvement in operating revenue could support the stock, but the transition period leaves near-term outlook uncertain.