PropNex profits grew 47% in 2020, crosses 9,000 mark in sales force

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No This was led by domestic demand in private residential and public housing. Singapore’s largest listed real estate agency PropNex Limited reported a 47.8% YoY growth in net profit after tax for the last fiscal year which ended on 31 December. This amounts to $31.2m, led by the domestic demand in both private residential and public housing segments. The demand was driven particularly by local property buyers who capitalised on low borrowing rates and attractive pricing of newly launched property development projects. read more