In its latest 1H20 results, PropNex recorded a 160.2% surge in earnings to $14.8 million, from $5.7 million in 1H19.
The Covid-19 pandemic may have brought about strict social distancing measures, especially during the circuit breaker, but that has not deterred real estate agency PropNex from marketing and selling properties.
Although showflats were closed during the circuit breaker, PropNex embraced digital platforms to reach out to consumers and managed to capture about 53% of the market share. It closed 1,369 units in the new launches segment, based on 63 active projects that the group was marketing since the beginning of the circuit breaker to July 31.
