“PropNex salespersons successfully closed around two-thirds of home transactions, highlighting the exceptional productivity of the company's sales team. We attribute this growth to PropNex's comprehensive training programs and substantial investments in proprietary technology platforms that can scale alongside the increasing number of salespeople,” he adds.
OCBC Investment Research analyst Donovan Tan has initiated coverage on PropNex with a “buy” call on Oct 21.
PropNex is Singapore’s largest real estate agency with over 15,000 salespersons across its 23 regional offices in Singapore, Indonesia, Malaysia, Vietnam, Cambodia, and Australia. PropNex has over 12,000 salespersons in Singapore itself, which accounts for about one-third of all the agents in Singapore and 35% more than its closest competitor, notes Tan.
