Topic of Interest: #PropNex (176 Articles Found)

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PropNex acquires PropTech platform Ovvy

PropNex has acquired a 70% stake in Ovvy, a tech platform that will allow its agents to provide value-added services to its clients. PropNex salespersons will be able to provide further services via Ovvy’s hundreds of merchants that…

Allure of condo living stimulates demand for mass market homes

By and large, Singaporeans’ dream of owning and living in a private residential property remains very much intact despite the pandemic and economic downturn – as reflected by the healthy private new home sales in 2020. Developers sold…

First mortgagee sale of bungalow on Treasure Island priced from $12.9 mil

Some of the lustre that comes with owning a prime Sentosa Cove bungalow continues to attract a niche group of new homeowners, while the relative scarcity of these sea-facing bungalows continues to support their premium prices on the…

Three shophouses at Bugis put up for sale at Tan Quee Lan Street, Haji Lane and Arab Street

Three shophouses at Tan Quee Lan Street, Haji Lane and Arab St have been put on the market by PropNex. The first, 5 Tan Quee Lan St, is a three-storey shophouse with a 999-year lease. It sits on…

Five-storey commercial shophouse at 32 Hongkong Street for sale at $8.5 mil

A five-storey commercial shophouse at 32 Hongkong St is now on the market at a guide price of $8.5 million, excluding the premium payable for lease renewal, which is subject to the approval of authorities. The guide price…

Buyers, property agents charged with evading higher stamp duty by backdating option to purchase

In the first prosecution of its kind, four people were charged on Fri with executing a backdated OTP in order to avoid paying higher ABSD. Those hauled to court were buyers Daniel Halim and Lee Liu Ying, both…

PropNex profits grew 47% in 2020, crosses 9,000 mark in sales force

PropNex reported a 47.8% y-o-y growth in net profit after tax for the last fiscal year which ended on 31 Dec. This amounts to $31.2m, led by the domestic demand in both private residential and public housing segments.…

Amoy Street and Balestier Road shophouses for sale

A 999-year leasehold shophouse at 97 Amoy St and a pair of freehold shophouses at 449 and 451 Balestier Road have been put up for sale. The shophouse at 97 Amoy St is priced from $25.95 million, while…

PropNex to sell entire stake in property management arm PPMC

PropNex on Mon announced that it is looking to sell its stake in its property mgmt arm for S$1,018,000. PropNex Realty – along with shareholder Lawrence February Mila Manalac – entered into a sale and purchase agreement with…

Five-storey building at East Coast Road for sale from $19 mil

A freehold five-storey building at 143 East Coast Road is now on the market from $19 million ($2,219 psf on existing built-up area). The building was previously home to MindChamps preschool and was rebuilt in 2018. It is…

PropNex launches world-first Monopoly PropNex Edition in Singapore

PropNex has launched their own version of the popular Hasbro licenced Monopoly boardgame. The new Monopoly PropNex Edition has been curated to include familiar elements of the local property market. It also serves as an experiential learning tool…

Three adjacent landed houses in Telok Kurau sold for $23.6 mil

Three adjacent freehold landed houses at Lorong N Telok Kurau have been sold via collective sale for $23.6 million to Baywind Properties, a 50:50 JV company between ABR Holdings and LWH Holdings. The three sites in District 15,…

Freehold semi-detached house at Gentle Road for sale at $7.2 mil

A semi-detached house standing on 4,107 sqft of freehold land at Gentle Road, in the Novena area, is now on the market for $7.2 million ($1,753 psf). Built in 1981 and designed by an Australian architect, the house…

A hard sell? Property agent seeks brothel operator for Geylang shophouse

This probably wouldn’t be news in, say, Amsterdam or Sydney, but a Singapore property agent has put up a rental listing for a shophouse in Lorong 20 Geylang targeting “licensed brothel operators”. Available for rent from mid-2021 onwards,…

Ex-CEO of Huttons Asia joins PropNex Realty

Industry veteran Goh Kee Nguan, previously CEO of Huttons Asia for 7½ years, will join PropNex as strategy & development officer from Dec 1. In this newly created role, Goh will be working with the mgmt team to…

Upgrading to a landed property during Covid-19 pandemic

Being married to a tax consultant helped seasoned property investor Aaron Wan figure out a way to avoid paying ABSD when he bought a more upscale property. They decoupled ownership of their matrimonial home at Watermark @ Robertson…

Concerned about what fall in private home sales mean? Market fundamentals paint a different story

Property news headlines these days have left many scratching their heads. Sales have been hitting multi-year highs in one month, but plunging the next – all this amid the deepest recession in Singapore due to the ongoing pandemic.…

Mass-market private homes maintain appeal amid pandemic

Despite the pandemic-led economic downturn, the Singapore private residential sector – particularly the mass market and even the mid-tier segment – has displayed strong resilience, thanks to robust local end-user demand and HDB upgraders. Against the backdrop of…

Freehold Bukit Pasoh shophouse on sale for $10.5 mil

A shophouse at 6 Bukit Pasoh Road is up for sale with a guide price of $10.5 million. The freehold property has a land area of 1,363 sqft, and a total floor area of about 2,800 sqft. This…

Unit at Nassim Park Residences asking for $13.98 mil

A 4,822 sqft unit at luxury condo, Nassim Park Residences has been put on the market at a price tag upwards of $13.98 million or $2,899 psf. The project features just 100 units in five-storey blocks. When it…

Three landed homes in Telok Kurau up for collective sale with S$25m reserve price

Three freehold landed homes in Lorong N Telok Kurau in prime District 15 have been put up for collective sale by tender according to PropNex. The houses sit on three adjoining sites at 93B, 93C, and 95 Lorong…

PropNex sees 10.6% stronger 3Q earnings of $6.8 mil on strong domestic demand in housing segments

PropNex posted earnings of $6.8 million for the 3QFY2020 ended Sept 30, some 10.6% higher than earnings of $6.1 million a year ago. According to the group, its performance for 3QFY2020 was “firmly led” by strong domestic demand…

27 strata office units at 20 Cecil Street on sale for $100mil

A portfolio of 27 strata office units spanning over four floors at 20 Cecil St has been launched for sale with an indicative price of $100 million. This works out to an average price of $3,143 psf based…

Four-bedroom unit at The Grange for sale at $6.5 mil

A four-bedroom unit measuring 2,293 sqft at The Grange, in prime District 10, has just been put up for sale at $6.5 million ($2,834 psf). The condominium unit, which is served by a private lift, has four bedrooms,…

This property agent bought a condo and Porsche at 22, made first million by 24

The name Jervis Ng may not ring a bell but he might be a familiar face to some, especially if you surf videos on YouTube regularly. The real estate agent fronts more than a few videos marketing different…

Property cooling measures safeguard ‘well-being of Singaporeans’ amid economic crisis: Desmond Lee

Amid the economic crisis, property cooling measures are all the more necessary for the “well-being” of Singaporeans, by encouraging prudence and caution in their property purchases, MND Minister Desmond Lee said on Wed. He made the comment in…

Propnex to roll out S$7.3m career enhancement package for agents

PropNex will roll out a S$7.3 million career enhancement package to equip its 8,700 sales agents with skills to perform “in the new norms of the real estate industry”, it said in a bourse filing on Wed. The…

Mediacorp, PropNex, 99.co team up to launch virtual Singapore Property Show 2020

A new collaboration between Mediacorp, PropNex and 99.co will see the launch of a virtual property expo next month. The Singapore Property Show 2020, which runs from Oct 10 to Dec 4, will feature almost 20 newly launched…

‘We have clearly failed’: Property agents apologise for cultural appropriation in flat showcase video

With Covid-19 brutalising the economy, property agents are finding new ways to stand out and make aspiring homeowners pay attention. In a case of creative marketing gone awry though, a real estate husband-and-wife duo attracted the wrong kind…

Skyscraper resale flat prices in Singapore hit new highs despite Covid-19 crisis

Pandemic or not, buyers are still paying top dollar for skyscraper HDB resale flats, particularly those at Pinnacle@Duxton and other prime areas. New price records were hit even as the number of million-dollar HDB resale deals fell year-on-year…

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