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Cash-rich PropNex could sweeten shareholder returns with special dividend

Market leader is leveraging technology to build business moat as it strives to stay ahead

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Tay Peck Gek

Tay Peck Gek

Published Mon, Feb 10, 2025 · 05:00 AM
    • Ismail Gafoor, PropNex CEO, says that the amount of information the company has gives it an advantage. “Even Singstat will not have (the latest data) because it takes some time (for properties) to be caveated, but our data is pumped in by agents on a 24-hour, daily basis.”
    • Ismail Gafoor, PropNex CEO, says that the amount of information the company has gives it an advantage. “Even Singstat will not have (the latest data) because it takes some time (for properties) to be caveated, but our data is pumped in by agents on a 24-hour, daily basis.” PHOTO: TAY CHU YI, BT

    “THIS year is going to be a good year,” said PropNex executive chairman and chief executive officer Ismail Gafoor, right at the start of his interview with The Business Times.

    The real estate agency is bullish about its prospects this year, on the back of a Singapore property market that holds much promise.

    Gafoor’s upbeat sentiment comes as PropNex celebrates its 25th anniversary this year. And the mainboard-listed company is open to dishing out a special dividend to commemorate the occasion.

    ToplinePropNex

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