PropNex launches expansion to Cambodia

19 May 2021 - Singapore Business Review
The expansion will boost the firm's salesforce to 12,000. Singapore real estate firm Propnex has announced its expansion to Cambodia. The expansion will boost the company’s salesforce to over 12,000 regionally in Singapore, Indonesia, Malaysia, Vietnam and Cambodia. PropNex Cambodia will be helmed by ...
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April's condo resale volumes smash 11-year record

11 May 2021 - Singapore Business Review
Demand is expected to remain healthy thanks to HDB upgraders and delays in new housing projects. Condo resale volumes rose to their highest-ever level in April on the back of strong demand from HDB upgraders and potential delays in the completion of new residential projects amidst ongoing travel restrictions. ...
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PropNex's net profit balloons by 96.7% in Q1 amidst market recovery

11 May 2021 - Singapore Business Review
Net profit after tax rose to $16.18m in Q1, 2021 from $8.22m a year earlier. Singapore real estate agency PropNex reported a 96.7% growth in net profit after tax (NPAT) for Q1 2021 to $16.2m, on the back of a 63.3% growth in revenue to $220.6m. NPAT had nearly doubled compared to a year ago from $8.22m ...
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Million-dollar flat transactions expected to surpass 2020 levels in H1

7 May 2021 - Singapore Business Review
Sales of high-end HDB resale flats have soared to 90% of 2020 levels in the first four months of 2021. Million-dollar HDB resale flat transactions reached 74 in the first four months of 2021, more than 90% of the 82 units sold for the whole of last year, according to data released by SRX. Senior vice ...
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More investors and overseas buyers to gobble up trophy properties: analyst

16 Apr 2021 - Singapore Business Review
Home sales in prime districts rebounded strongly in March, and analysts say further price increases can be expected. More investors and wealthy overseas buyers will continue to have a thirst for luxury homes in the coming months, according to OrangeTee. In statistics released by the Urban Development ...
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Condo resale prices up 1% in February

11 Mar 2021 - Singapore Business Review
SRX Property recorded a 4.4% YoY overall price increase. Resale prices for condominiums in Singapore went up by 1% in February, recording the seventh consecutive month for this price increase. According to real estate portal SRX Property, the resale prices for condominiums saw an increase of 4.4% YoY. ...
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Higher sales of private resale condo a ‘surprise': OrangeTee

10 Mar 2021 - Singapore Business Review
Propnex, however, said otherwise. An estimated 1,399 condominium units were resold in February, representing a 0.4% increase from the previous month’s 1,394, according to the latest SRX media flash report for condo resale. According to OrangeTee’s senior vice president of research & analytics Christine ...
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PropNex profits grew 47% in 2020, crosses 9,000 mark in sales force

24 Feb 2021 - Singapore Business Review
This was led by domestic demand in private residential and public housing. Singapore’s largest listed real estate agency PropNex Limited reported a 47.8% YoY growth in net profit after tax for the last fiscal year which ended on 31 December. This amounts to $31.2m, led by the domestic demand in both ...
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Rise in private home sales not a reflection of surging demand: analyst

17 Feb 2021 - Singapore Business Review
Residential property sales continue to surge since December. New home sales had risen by 32.2% MoM in January with 1,609 units sold, the strongest sales since 2013 where 2,028 units were transacted according to the Urban Redevelopment Authority sales survey. The record rise in sales also coincided with ...
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Demand for HDB resale properties continues to soar

4 Feb 2021 - Singapore Business Review
Supply may soon be outpaced by demand, according to analysts. The HDB resale market continues to experience robust sales in January, according to data released by SRX in the HDB Flats Flash Report. Resale volume in January increased by 30.3% YoY with HDB resale transactions amounting to 2,501, higher ...
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