June 15, 2021

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Property News and Latest Property Launches

Propnex introduce Agents Enhancement Package worth $7.3m

1 min read
PropNex Realty, a listed company in SGX, will set aside a $7.3 million package to...


PropNex Realty, a listed company in SGX, will set aside a $7.3 million package to prepare its 8,700 property agents with abilities to perform “in the new standards of the land business”.

This entire package incorporates about $3 million spending on digital, $1.3 million for agents expenses to upgrade their skillset ad $2.95m in training subsidies. PropNex Realty will likewise finance $50 for proficient idemnity insurance in 2021 to operators with protection inclusion of $300,000.

Propnex will be hosing “Singapore Property Show 2020 virtually’, together with 99.co and Mediacorp which set to showcase more than 20 property launches listings.

PropNex Realty said it will organise the event by having weekly webinar classes on property investment and Singapore’s property market.

Ismail Gafoor PropNex Realty CEO, mentioned that this package is necessary to upgrade its agency and also homebuyers are now more open in going online and learning from webinars to learn more things to assist them in their property investment decisions.

PropNex Limited posted a $7.26 million net profit for its 2nd quarter finished 2020 – almost twofold from the same period in 2019 – on higher on increase in new launches sales and also higher revenue..

Propnex has also announce a $30 support plan to help its property agent to overcome the Circuit Breaker from April to June period.

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