Real Estate Services

PropNex

PropNex Plans to Update Its Share Repurchase Authorization, Allowing Up to 10% Repurchase

PropNex Reports 72% Net Profit Growth to 70.4 Million USD in FY2025

Phillip Securities Maintains Buy Rating on PropNex Ltd.

Analysts Downgrade PropNex's Stock Rating

PropNex released FY2025 annual earnings on February 26, 2026 (SGT), actual revenue SGD 1.116 B (forecast SGD 1.099 B), actual EPS SGD 0.0951 (forecast SGD 0.1037)

PropNex released FY2025 Q3 earnings on February 26 (SGT), actual revenue SGD 258.74 M (forecast SGD 258 M), actual EPS SGD 0.019

PropNex released FY2025 Q4 earnings on February 26, 2026 (SGT) with actual revenue of SGD 258.74M and EPS of SGD 0.019

PropNex released FY2025 9 Months Earnings on February 26, 2026 (SGT) with actual revenue of SGD 857.68M and EPS of SGD 0.076

PropNex Proposes Housing Policy Changes for Singapore

PropNex released FY2026 Q1 earnings on November 26, 2025 (SGT) with actual revenue of SGD 299.47 M and EPS of SGD 0.0285

PropNex released FY2026 Q2 earnings on November 26, 2025 (SGT) with actual revenue of SGD 299.47 M and EPS of SGD 0.0285

PropNex released FY2026 Semi-Annual earnings on November 26, 2025 (SGT), actual revenue SGD 598.95 M (forecast SGD 599 M), actual EPS SGD 0.0571

PropNex Reports Doubling of Net Profit in First Half of 2025

PropNex released FY2025 Q2 earnings on August 11, 2025 (SGT), with actual revenue of SGD 299.47 M and EPS of SGD 0.0285

PropNex released FY2025 Q1 earnings on August 11 (SGT), actual revenue SGD 299.47 M, actual EPS SGD 0.0285

PropNex released FY2025 Semi-Annual earnings on August 11 (SGT), actual revenue SGD 598.95 M (forecast SGD 501 M), actual EPS SGD 0.0571

Singapore Private Housing Market to See Increased Inventory, Developers Remain Bullish

PropNex Realty Launches Public Tender for Detached Houses on Devonshire Road

Singapore's Shop Sales Drop by 43% in Q1

PropNex Releases FY2024 Results, Revenue Down 6.6%, Net Profit Down 14%

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Hudson Place Residences in Singapore sold 61.5% of its 327 units during its launch weekend, averaging S$2,458 per square foot. The highest demand was for three-bedroom deluxe and four-bedroom premium units, with 99% of buyers being Singaporeans or permanent residents. The development, featuring two residential towers, is expected to achieve vacant possession by Q3 2029. PropNex anticipates continued sales momentum due to its strategic location near major employment nodes and schools.

Businesstimes News

Hudson Place Residences sells 61.5% of units on launch weekend at average price of S$2,458 psf

Adrian Lim, co-founder of PropertyLimBrothers, is leading a team of 36 agents to join PropNex Realty following a scandal involving fellow co-founder Melvin Lim. PropNex confirmed that 22 agents have already transitioned, with 15 pending approval. Adrian, who has rejoined as a senior associate group district director, emphasized the agency's resources and support for client service. The move comes after PLB faced scrutiny due to Melvin's alleged extramarital affair, leading to resignations and staff departures.

vnexpress

PropertyLimBrothers' Adrian Lim leads 36-agent team to join another Singapore agency after fellow co-founder's alleged cheating scandal

PropertyLimBrothers co-founder Adrian Lim has returned to PropNex Realty with a team of 36 salespersons, including 22 from PLB and 15 pending approval. This move follows a controversy at PLB that led to the resignation of two leaders. Lim, now a Senior Associate Group District Director at PropNex, aims to leverage the agency's scale and infrastructure. While still a PLB shareholder, he holds no operational role there. PropNex remains Singapore's largest property agency with over 14,387 salespersons, while PLB has 53 registered salespersons.

Yahoo Finance

PropertyLimBrothers co-founder Adrian Lim returns to PropNex with 36 salespersons

Shophouse sales in Singapore fell to a 28-year low in Q1 2026, with transaction values dropping 48% to $88 million. Only 13 transactions were recorded, a 43.5% decrease from the previous quarter. Average prices fell 12.6% to $4,963 psf, with significant declines in Districts 1, 2, 14, and 15. Leasing activity also softened, with a 1.8% drop in rental contracts. PropNex Research anticipates a challenging market in 2026 due to macroeconomic headwinds, although demand for prime shophouses may persist due to Singapore's safe-haven status.

Singapore Business Review

Shophouse sales hit 28-year low

PropNex Limited announced that claimants have withdrawn a $586,172 lawsuit against its subsidiary, PropNex Realty Pte. Ltd., which involved allegations of negligent misrepresentation and breach of duty of care in a property transaction. The company stated that this withdrawal will not materially affect its financial position or performance for the financial year ending December 31, 2026.

PropNex unit clears legal hurdle as claimants drop $586k lawsuit

PropNex reported a 72% increase in FY 2025 net profit to $70.4 million, with revenue rising 42.6% to a record $1.1 billion. Gross profit also increased by 62.1% to $115 million. The company proposed a final cash dividend of 4.5 cents per share, totaling 9.5 cents for the year. The growth was attributed to a rebound in private residential project launches in Singapore. For 2026, PropNex anticipates continued healthy market conditions, projecting sales of around 9,000 units and a 3% to 4% increase in private home prices.

PropNex FY 2025 profit jumps 72% on private home rebound

Phillip Securities has maintained a Buy rating for PropNex Ltd. (OYY) with a price target of S$2.08, while the shares closed at S$1.94. Additionally, TipRanks also issued a Buy rating for the company. However, DBS downgraded PropNex Ltd. to a Hold rating yesterday.

Tip Ranks

Phillip Securities Sticks to Its Buy Rating for PropNex Ltd. (OYY)

Analysts have downgraded their ratings on PropNex due to expected declines in residential sales for 2026, despite the firm posting record earnings for 2025. Phillip Securities lowered its recommendation to "accumulate" while raising the target price to S$2.08. DBS downgraded its call to "hold" and reduced the target price to S$1.95, citing a more measured earnings growth profile. Both firms anticipate a decline in new home sales, with projections of a 17% drop. However, strong underlying demand driven by population growth may support PropNex's performance in 2026.

Analysts downgrade PropNex expected slowdown in home sales

PropNex(OYY.SG)