PropNex share price spike triggers SGX query; APAC Realty up 7.9%

Singapore

SHARES of mainboard-listed real estate service providers PropNex and APAC Realty surged on Thursday, even as fresh Urban Redevelopment Authority (URA) data showed a third consecutive month-on-month decline in new private home sales in June.

Shares of PropNex rose 5.53 per cent or S$0.11 to S$2.10 at Thursday's close, while shares of APAC Realty, which owns ERA Realty Network, ended 7.9 per cent or 6 Singapore cents higher at 82 cents.