SINGAPORE (Nov 14): PropNex says that its 3Q18 earnings have increased by 41.6% to $7.21 million, compared to $5.09 million in 3Q17. This brings 9M18 earnings to $17.6 million, 47.2% higher than $11.9 million in 9M17. Revenue for the quarter was 26.0% higher at $124.2 million from $98.5 million las...

SINGAPORE (Nov 13): RHB Research is maintaining APAC Realty at “buy” given its slight 3Q beat, stock selldown after the latest round of cooling measures in July and healthy demand shown at recent launches. APAC Realty posts 19% rise in 3Q earnings to $6.5 mil on higher revenue “We expect stea...

SINGAPORE (Oct 22): PropNex expects total revenue in 1H18 to be unaffected by cooling measures given renters should continue to rent, providing a recurring income stream to the group. Meanwhile, it expects transactions in the landed segment to remain resilient as these properties face restrictions ...

SINGAPORE (Sept 12): UOB KayHian is starting coverage of real estate agency PropNex with a “buy” and target price of 65 cents or 10 times FY19 forecast earnings given negatives from the recent cooling measures have been priced in. “We believe it is a low-risk proxy to Singapore property with a...

UOB Kay Hian has initiated coverage on PropNex with a "buy" call and target price of S$0.65, citing it as a low-risk proxy to Singapore property with its future-proof business model.

SINGAPORE (Aug 31): RHB Research is keeping its “buy” call on APAC Realty with an unchanged target price of 77 cents, on the back of the entry of the real estate services firm into China. “APAC’s entry into Hainan market offers a stepping stone to tap into the vast potential of China’s rea...

Submitted By:  Luz Wendy Noble Case Study:  No Buyers might be attracted to its location and connectivity. The Punggol flats could be more popular despite its sligh...

SINGAPORE (Aug 15): PropNex Realty, a subsidiary of PropNex Limited, is anticipating the total volume of new homes transactions to hit 8,500-9,000 for 2018. This comes after private new home transactions, excluding executive condominiums (ECs), hit 1,724 for the month of July this year. The latest f...

Submitted By:  Danielle Isaac Case Study:  No This could make homes affordable for first-time buyers. Singapore’s cooling measures could lower private propert...

REAL estate agency PropNex has entered into a master franchise agreement with PropNex Realty (Vietnam) to grow its business in Vietnam.

REAL estate agency PropNex has entered into a master franchise agreement with PropNex Realty (Vietnam) Co to grow its business in Vietnam.

REAL estate agency PropNex has turned in a second-quarter showing spurred on by the property price recovery in the first half of 2018.

Submitted By:  Danielle Isaac Case Study:  No Services on home loans and bankers will be available in 5 property apps. UOB teamed up with four property agencies ERA...

SINGAPORE (Aug 7): United Overseas Bank (UOB) has teamed up with Singapore’s four top property agencies – ERA Realty, Huttons Asia, OrangeTee & Tie, and PropNex Realty – to launch a fully digital home loan solution. UOB’s digital home loan solution will enable the agents from these agenc...

UNITED Overseas Bank has teamed up with four Singapore property agencies – ERA Realty, Huttons Asia, OrangeTee & Tie and PropNex Realty – as well as online proptech company, SoReal Prop, to develop a range of digital tools to help homebuyers.