PropNex

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

The Gazania is a freehold condominium develiopment in Bartley.

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

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

Launched in September, the iEdge Singapore Next 50 Index tracks the 50 largest listcos after those in the Straits Times Index.

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

This was the second reported suit against PropNex Realty over a 99-to-1 arrangement, which refers to a structure that buyers often use to avoid tax by reducing the rightful ABSD payable on purchases.

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

Sustained demand from homebuyers is expected to extend revenue growth at agencies and developers into the near to medium term.

Strong home sales power developers’ H1 earnings, analysts upbeat on firm sentiment, steady pipeline

Analysts raise calls and target prices for CDL, UOL, GuocoLand and agencies PropNex, Apac Realty

UOL's net profit for the period rises 58% to S$205.5 million, while PropNex's more than doubles to S$42.3 million.
HOT STOCK

Shares of UOL, PropNex surge 5% following H1 results

The SGX-listed property companies have reported a rise in earnings for the period

Its proposed interim dividend of S$0.05 a share is the highest in its history.
HOT STOCK

PropNex gains 1.9% on news of record interim profit and dividend

The property group reports a 122.4% increase in net profit for the first half of 2025

PropNex revenue surged 73.3% from H1 2024 as new unit sales more than doubled.

PropNex H1 profit doubles to new high of S$42.3 million; declares record interim dividend of S$0.05

For full year, Singapore developer sales expected to hit 8,000 to 9,000 new private homes excluding ECs, resale volume forecast to reach up to 15,000 units

PropNex Family Zone at Gardens by the Bay, launched in April, is a family-themed playground that incorporates educational and inclusive play elements.
TAKING HEART

PropNex commits more than S$30 million to philanthropic initiatives, funding education

It is launching PropNex Foundation, which will support underprivileged students and advance educational initiatives