PropNex Realty launches regional franchise

Singapore

SINGAPORE'S largest homegrown agency PropNex Realty is finally spreading its wings regionally after 17 years of operation through a franchise model.

Within a span of six months, it has garnered 600 property agents in Indonesia across seven agencies under a master franchise since the second half of last year. Next up will be Vietnam, where it hopes to bank on a similar master franchise concept.

PropNex Realty CEO Ismail Gafoor said he is in no hurry to jump-start new markets though he is in the process of shortlisting potential candidates in Vietnam.

In Indonesia, Mr Gafoor said …