PropNex
Analysts downgrade PropNex on expected slowdown in home sales
Phillip Securities downgrades PropNex to ‘accumulate’ with a higher target price; DBS downgrades the firm to ‘hold’ and lowers target price
PropNex H2 profit up 28.3% at S$28.1 million; FY2025 earnings up 72% on record-high revenue
Its dividend for the full year stands at a record S$0.095 per share
Couple caught in 99-1 property deal sue salesperson, PropNex unit, law firm for S$367,405
PropNex says it is in process of obtaining legal advice; board intends to ‘vigorously defend the suit’
Property players call for lower ABSD on foreign buyers, review of EC income and loan caps
Other proposals floated include further tweaks to developers’ sales deadlines, lower consent threshold for en bloc sales
Propnex says lawsuit against unit for alleged salesperson misconduct withdrawn
There is no material impact on its financial position and performance of the group
Anthony Law, PropNex Realty salesperson rebut allegations in lawsuit involving 99-1 deal
This is in response to a case filed by a couple over the purchase of a unit at The Gazania
Couple caught in 99-1 property transaction sue salesperson, PropNex and law firm for S$586,172
This is the third reported lawsuit embroiling PropNex over purported sale arrangements for buyers to avoid paying more in ABSD
PropNex subsidiary sued for S$586,000 over alleged misrepresentation and breach of duty
This is the fourth reported dispute to be brought against PropNex Realty in the year to date
Newly launched iEdge Singapore Next 50 Index posts 18% return in H2 to date
Average daily turnover for these stocks hits S$165 million in the year to Nov 4
PropNex says S$849,287 lawsuit against unit over ‘99-to-1’ deal dropped
It is not expected to have a material impact on its financial position and performance
