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PropNex

Companies & Markets

PropNex appoints new independent director in board reshuffle

PropNex has not revealed the claimants, co-defendants or further details of the case.
Companies & Markets

Lawsuit against PropNex unit over alleged breach of duty of care and negligent misrepresentation dropped

PropNex on Friday recorded its strongest full-year revenue in its 25 year history at S$1.1 billion, from S$783 million.
Companies & Markets
BROKERS’ TAKE

Analysts downgrade PropNex on expected slowdown in home sales

PropNex's H2 revenue rises 18.3% on the year to S$517.5 million, from S$437.4 million.
Companies & Markets

PropNex H2 profit up 28.3% at S$28.1 million; FY2025 earnings up 72% on record-high revenue

In their statement of claim filed in late January, the couple alleged that the salesperson in late 2021 presented them a two-step 99-1 arrangement.
Property

Couple caught in 99-1 property deal sue salesperson, PropNex unit, law firm for S$367,405

There should be an exemption of ABSD for locals purchasing a second property, says Huttons Asia CEO Mark Yip.
Property
SINGAPORE BUDGET 2026

Property players call for lower ABSD on foreign buyers, review of EC income and loan caps

PropNex previously said it intended to defend the suit.
Companies & Markets

Propnex says lawsuit against unit for alleged salesperson misconduct withdrawn

Neo Say Chuan and his wife Tiong Bock Lian allege that they were induced by the salesperson’s representations into buying a unit in The Gazania using the two-step 99-1 structure.
Reits & Property

Anthony Law, PropNex Realty salesperson rebut allegations in lawsuit involving 99-1 deal

The Gazania is a freehold condominium develiopment in Bartley.
Reits & Property

Couple caught in 99-1 property transaction sue salesperson, PropNex and law firm for S$586,172

PropNex, which is seeking legal advice, said its board intends to “vigorously defend” the suit.
Reits & Property

PropNex subsidiary sued for S$586,000 over alleged misrepresentation and breach of duty

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