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Corporate Profile

A Reputation Built On Trust, Service & Excellence

PropNex Realty meteoric rise to become Singapore's largest listed real estate agency with over 11,000 real estate salespersons in an inspiring success story indeed. It has its genesis in 1999 as the brainchild of two visionary companies, Prulink and Nooris. With a shared vision of providing top quality service that customers trust, the company was founded and formed by Mohamed Ismail Gafoor and partners in 2000. This allowed them to benefit from the economies of scale that consumers could also enjoy as a result.

Building on its founding principles, PropNex Realty quickly gained a reputation for service excellence, eventually adopting the tagline “Service You Trust” in 2008, to best encapsulate the essence of the brand name. This belief in service has propelled the brand to become one of Singapore’s largest real estate companies with a sizeable market share in both the public and private markets.

PropNex is trusted for the breadth and depth of its knowledge of the property market. Apart from providing brokerage services, PropNex also offers consultancy services via several strategic business units — Project Marketing, Investment sales, Valuation Department, Corporate Leasing and Auction Department. These strategic business units are headed by seasoned directors with years of experience in their relevant fields.

The agency has constantly led the way in raising professional standards in the real estate industry and has won many prestigious industry accolades over the years, being the only real estate agency in Singapore to be awarded both the Singapore Service Class (S-Class) and Singapore Quality Class (SQC) certifications by SPRING Singapore in year 2015. The S-Class and SQC Certifications are part of the Business Excellence (BE) framework by SPRING Singapore that provides a comprehensive set of management standards for business excellence.

Vision, Mission & Core Values

Our strong values which have propelled us to success for more than 20 years in the real estate industry.

Vision

To become the leader in any market we serve and revolutionize this organization to have the strength of a big company combined with the leanness and agility of a small firm.

Mission

To enhance customers’ quality of life through value-added professional service.

Core Values
  • Continuous Self-Improvement.

  • Autonomy and Entrepreneurship.

  • Respect and Concern for individuals.

  • Ethics, Honesty, and Integrity in all aspects of our business.

Regional Footprint

Expanding our reach regionally since 2016

A Homegrown brand with rich cultures adopted by many companies internationally.

A Homegrown brand with rich cultures adopted by many companies internationally.

Singapore (Headquarters)

11,848* salespersons

Indonesia

First regional presence
in Indonesia in 2016

Malaysia

Malaysia established in 2017

Vietnam

Vietnam started in 2018

Cambodia

Fourth Overseas Franchisee in Cambodia in 2021

Australia

Established in Australia in 2022

* As at Council of Estate Agencies, 1 Feb 2023

Corporate Structure

Business Segments

Real Estate Brokerage

We offer a full suite of real estate brokerage services where revenue is derived through commission-based fees from the sales and rental of residential, commercial and industrial properties.

Residential property segments
  • HDB resale properties

  • Private resale properties

  • Luxury properties

  • Project marketing for new launches (local and overseas properties)

Commercial and industrial property segments
  • Retail shops

  • Offices

  • Factories

Training

Through Life Mastery Academy, a Council of Estate Agencies (“CEA”)-accredited provider of Continuing Professional Development (“CPD”) courses, we provide training and courses to empower real estate salespersons, including:

Training for individuals embarking on careers as real estate salespersons to meet CEA’s licensing and registration framework.

Courses for practising real estate salespersons as it is mandatory for practising salespersons in Singapore to achieve a minimum of six CPD credits for each annual CPD cycle.

Real Estate Consultancy

We provide services in property valuation, corporate leasing, investment and collective sales and good class bungalows (“GCB”) and prestige landed. Specifically:

Property Valuation

Professional valuation for all property types including advisory for mortgage valuation, corporate acquisition via asset or share transfers, initial public offerings, and special audit reviews.

Corporate Leasing

Full suite of professional leasing solutions for corporate clients from marketing, managing and leasing of vacant properties for corporate landlords to sourcing of properties and managing tenancy for corporate tenants.

Investment and Collective Sales

Consultancy for collective sale offerings in residential landed and non-landed properties, office buildings and industrial properties.

GCB and Prestige Landed

A division formed in 2022 to look into new opportunities and expansion of market share in the ultra-exclusive landed homes segment in Singapore.

Board Of Directors

Mr. Mohamed Ismail S/O Abdul Gafoore

Co-founder, Executive Chairman and CEO

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Mr Kelvin Fong Keng Seong

Executive Director

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Dr Ahmad Bin Mohamed Magad

Lead Independent Director

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Mr Kan Yut Keong

Independent Director

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Mr Low Wee Siong

Independent Director

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Management Team

Mr. Alan Lim Tow Huat

Co-founder

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Mr. Lim Yong Hock

Key Executive Officer, PropNex Realty Pte Ltd

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Ms. Josephine Chow

Chief Operating Officer

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Ms. Lee Li Huang

Chief Financial Officer

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Mr. Eddie Lim

Chief Agency Officer

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Mr. Michael Koh

Chief Technology Officer

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Mr. Kenny Tan

Chief Marketing Officer

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Mr. Alvin Tan

Managing Director, PropNex International Pte Ltd

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Milestones

For over 20 years, PropNex's unwavering commitment to service excellence has seen it break new grounds in the real estate arena. The company has created several industry-firsts, leading the way in providing trusted professional real estate services in Singapore and regionally.

  • 2024

    • PropNex achieved the Guinness World Records title for the Most People Participating in a Lo Hei Salad Toss Simultaneously (in a single venue)
    • Only real estate agency in Singapore to be ranked in the inaugural Fortune Southeast Asia 500 list 2024

  • 2023

    • Second year of the PropNex Monopoly championship, with prizes over $180,000
    • Forging ahead with strategic extension and appointment of key leaders during the Mid Year Convention 2023

  • 2022

    • First agency to cross the 12,000 salespersons mark in Singapore
    • Fifth overseas brand presence: Australia
    • FIRST in the real estate industry to conduct the PropNex Monopoly championship on a nationwide scale with prizes over $300,000

  • 2021

    • Formation of industry’s first union for real estate salespersons – PropNex Real Estate Salespersons’ Chapter (Agents’Voice Matters)
    • First agency to cross 10,000 salespersons mark in Singapore
    • Contributed more than $1,000,000 to charity
    • Fourth overseas market: Expanded into Cambodia

  • 2020

    PropNex celebrates our 20th Anniversary on 15 July! 20 years of impacting the lives of home owners, property investors, developers and Singaporeans .We will continue to build legacies for generations.

  • 2019

    PropNex United #1PNG. Celebrating greater unity amongst our salespersons as we continue being Number 1 in the real estate industry! We also produced a record number of 21 Millionaires that year!

  • 2018

    Launch of PropNex Malaysia in March 2018 and successful listing on SGX Mainboard on 2 July 2018, making us the Largest Listed Real Estate Agency in Singapore.

  • 2017

    DWG salespersons crossed over to PropNex in a historic event where both homegrown companies formed the largest real estate agency in Singapore First real estate agency to cross the 7,000 salespersons mark on 27 Nov 2017 based on CEA registry.

  • 2016

    Presented the first ever SOE - PropNex Top Honouree of the Year Award as mark of excellence and in recognition of the crème of the crop amongst top entrepreneurs. Formation and conceptualisation of PropNex Indonesia, PropNex’s first regional venture.

  • 2015

    PropNex won the prestigious Top Noveteur Award at the Asia Enterprise Brand Awards (AEBA) Ceremony 2015. Recognised as a Singapore Quality Class and Singapore Service Class organisation by Spring Singapore.

  • 2014

    JLL takes stakes in PropNex International as PropNex sets its sights towards global outreach.

  • 2012

    PropNex won the prestigious People - Centric Award at the inaugural Asia Responsible Corporate Awards 2013 (ARCA) organised by Creative Group and Channel News Asia.

    PropNex introduced the Spouse Protection Scheme to protect spouses in the event of the unexpected passing of any team leader.

  • 2011

    P&N Holdings was ranked second in the E50 Awards. The award reinforces the company’s efforts in business resilience, contributions to Singapore’s economic development and to the community as well as the best practices and corporate governance that the company has been keeping to.

  • 2010

    Built another school in Cambodia - Trayong Pong for another 250 students, both schools were then handed over to the Ministry of Education in Cambodia, with the ambassador of Singapore gracing the occasion and officially opening the school.

  • 2009

    Officially embarked on its “PropNex Cares” programme, actively encouraging salespersons’ participation in fund-raising efforts Built School in Cambodia – Kampal (funded the extension of a school wing, built pumping well and toilet cubicles) for 250 students.

  • 2008

    Introduced compulsory Professional Indemnity Insurance for all associates to champion the protection of consumers even before being regulated by authority.

    PropNex won Reader’s Digest Trusted Brand Gold Award, being voted by readers for its trusted professional real estate service.

  • 2006

    The First and only Real Estate company to form a marching contingent at the 41st National Day Parade, representing as the economic growth pillar for the nation.

    PropNex also introduced Team Leaders Pension Programme to encourage continued growth of our leaders in the long term.

  • 2005

    Presidential visit to PropNex headquarters by His Excellency S.R Nathan, the late President of Singapore and the First Lady on 20th July 2005 President S.R Nathan also launched the book “You Can Fly” written by our CEO Mr Ismail which was published in 3 languages.

  • 2004

    On 15th January 2004, the partner companies merged as a single entity and relinquished all their individual company brands. This marked the official birth of PropNex Realty in the form that exists today.

  • 2000

    On 15th July 2000, First Class Consultants along with three other companies merged to become PropNex, a franchise model with over 3,000 salespersons, forming Singapore’s largest real estate network with the aim of adding greater value to real estate salespersons.

  • 1999

    In 1999, like-minded unity of the founders of PruLink and Nooris formed FIRST CLASS CONSULTANTS PTE LTD. This setup made waves in the industry when Salespersons from PruLink and Nooris embraced the dual-career path innovation and joined forces to advertise.

  • 1996

    CEO, Ismail Gafoor started a real estate company with his wife in January 1996. This company, NOORIS CONSULTANTS PTE LTD was at Apollo Centre at Havelock Road – a mere 350ft2 premise PRULINK REALTY PTE LTD was set up by two partners, Joseph Lee and Alan Lim. They opened their first office at Hougang, also a 350ft2 premise and commenced operations that same year.

Awards and Accolades

PropNex is an established household name in the real estate industry and has received numerous accolades and awards from various independent bodies. These were in recognition of PropNex’s reputation in delivering professional real estate agency services.

Singapore Quality Class Certified 2015
2024
  • Clean sweep of awards at The Edge Singapore’s Centurion Club Awards (2024), including Overall Sector Winner – Real Estate (2024)

  • Ranked #395 in the inaugural Fortune Southeast Asia 500 list, the only real estate agency in Singapore to be listed (2024)

  • Winner, PropTech award at the Singapore Business Review Technology Excellence Awards (2024)

  • Ranked #60 in the list of Singapore’s Fastest Growing Companies, compiled by The Straits Times & Statista (2024)

  • The only real estate brokerage company in the Top 70 Ranking for Singapore's Best Employers (2024)

  • Expat Living Readers' Choice Awards: Best Property Agency / Website – Silver Award (2024)

2023
  • Singapore’s Best Employers (Ranked #38) by the Straits Times & Statista (2023)

2022
  • Debuted with a clean sweep of awards at The Edge Singapore’s Centurion Club Awards (2022)

  • Winner of the Singapore Corporate Governance Award (Mid-Cap) at SIAS Investors’ Choice Awards (2022)

2021
  • Singapore Corporate Governance Award (Runner-up, Small Cap) at the SIAS Investors’ Choice Awards (2021)

  • Singapore Corporate Awards 2020/21 (Special Edition) – Corporate Excellence and Resilience Award

2020
  • Singapore’s Fastest Growing Companies (2020) by the Straits Times & Statista

  • Expat Living Readers’ Choice Awards (2019 & 2020)

2019
  • Marketing Agency Excellence Award by EdgeProp Singapore Excellence Awards (2018)

2017
  • Best Real Estate Marketing Idea Award by ASEAN Real Estate Network Alliance (2017)

2016
  • Top Business Space Leasing by Far East Organisation(2016)

  • Ascendas-Singbridge Most Active Agency (Lease) of the Year (2016)

2015
  • Top Noveteur Award at the Asia Enterprise Brand Awards (2015)

  • Top Real Estate Agency in Influential Brand Winner (2015)

  • Singapore Service Class Certified (2015)

  • Singapore Quality Class Certified (2015)

2013
  • People-Centric Award at the inaugural Asia Responsible Corporate Awards (ARCA) (2013)

2011
  • Enterprise 50 Awards, ranked 2nd (2011)

  • Highly Commended Real Estate Agency at the Asia Pacific Property Awards (2011)

  • Reader’s Digest Trusted Brand Gold Award (2008-2011)

Corporate Social Responsibility

PropNex has been a champion of meaningful causes through staff volunteerism, community and social engagements, and participation in myriad charity events.

Over the past decade, PropNex has been a champion of meaningful causes through staff volunteerism, community and social engagements, and participation in myriad charity events. Reaching out and engaging the less privileged communities is our way of giving back, and an integral part of our corporate DNA. We are firm believers in making a difference in the lives of the less fortunate and economically disadvantaged to help them better realise their true potential.

  • 2024

    • PropNex contributed $1,000,000 to Community Chest beneficiaries
    • Received the Charity Platinum Award from President Tharman Shanmugaratnam at the Community Chest Awards 2024

  • 2023

    Contributing more than $1,000,000 to Community Chest beneficiaries

  • 2022

    • Together with our salespersons, raised a cumulative amount of $5 Million for charity, a year ahead of its initial target (2013 – 2023), including $1.34m to Community Chest in 2022
    • PropNex was recognised as the Community Chest Diamond Partner

  • 2021

    Contributed more than $1,000,000 to Community Chest beneficiaries

  • 2020

    $750,000 to charity in year 2020 to help frontline heroes and those in need

    PropNex presented a cheque of $750,000 to Community Chest, in the presence of Minister Desmond Lee and the Chairman of Community Chest, Mr Phillip Tan. Of this, $250,000 has been channelled to help the needy who are affected by the COVID-19 situation as well as the frontline heroes who are fighting the virus. Another $500,000 will go to the Community Chest, benefitting the less fortunate and underprivileged children. This is part of our pledge to donate $5 million to the Community Chest by 2023.

  • 2019

    $500,000 to Community Chest in year 2019, honouring our Platinum Charity Ambassadors

    On 20 Aug 2019 during the PropNex 2nd Quarterly Convention, the $500,000 cheque was officially given to Mr Phillip Tan, president of the Community Chest, in the presence of guest- of-honour Mrs Josephine Teo, Minister for Manpower and Second Minister for Home Affairs. That same year, we are also proud to honour 10 Platinum Charity Ambassadors, salespersons who stepped forward to contribute $10,000 to charity.

  • 2018

    Pledging to contribute $5million by 2023, witnessed by the President of Singapore

    PropNex officially presented a cheque for $500,000 to Community Chest in the presence of the President of Singapore, Madam Halimah Yacob on 14 August 2018 at the 2nd Quarterly Convention. The latest donation took our total contribution to $2.4million since 2013. At the same event, we pledged to contribute another $2.6million in the next five years, taking our total contribution to Community Chest to $5million by 2023.

  • 2017

    PropNex donated another $500,000 in 2017 to Community Chest

    On 15 Aug 2017, a $500,000 cheque was officially given to Mr Phillip Tan, president of the Community Chest, in the presence of guest-of-honour Mr Desmond Lee, Minister, Prime Minister’s Office and Second Minister for Home Affairs and Second Minister for National Development, during the 2nd Quarterly Convention attended by more 2,000 PropNex salespersons. At the Community Chest Awards 2017 held at The Istana, KEO, Mr Lim Yong Hock represented the agency to receive the 2016 Corporate Platinum Award from President Halimah Yacob for our continued contributions of $500,000.

  • 2016

    PropNex aims to contribute $500,000 to Community Chest

    In our continuous efforts in helping the beneficiaries of Community Chest, PropNex consultants have pledged to share part of their commissions, solicited donations from their clients and loved ones. PropNex will also match their contributions, dollar-for-dollar, to put together the $500,000 donation this year to help the children of Rainbow Centre Yishun Park School, Rainbow Center Margaret Drive School, St Andrew's Autism School, Grace Orchard School and AWWA School. We are happy to make a positive and lasting impact on the lives of the less fortunate in our community.

  • 2015

    PropNex gives even more to the needy in SG50

    In the name of the nation's golden jubilee, PropNex raised close to $250,000, with the company matching dollar-to-dollar amounting to a total contribution of $500,000 to Community Chest. In order to raise this amount, PropNex continued the SHARE programme through so that we can donate regularly and conveniently.

    We also started a fund-raising campaign in which PropNex donated $50 for every #heartbeatsSG50 video posted on social media platforms. To round off a special year of giving, PropNex also organised a flag day whereby all staff and salespersons went out to the streets with a specially designed tin – to raise more for charity.

  • 2014

    PropNex contributes $300,000 to Community Chest

    In a move that is first of its kind; PropNex salespersons pledged a portion of their commission to SHARE, Community Chest's workplace giving programme through which employees can donate regularly and conveniently. In just 6 months, the company raised $300,000 for this worthy cause. The money raised was channeled to three special schools catering to children with disabilities. The schools are Lighthouse School, which helps children with hearing and visual impairment, MINDS Towner Gardens School to optimize the potential of children with mild intellectual disability and autism and the Rainbow Centre - Yishun Park School which works with children with multiple disabilities.

  • 2012

    PropNex Ambassadors build a loving Singapore

    In conjunction with Singapore's 47th National Day Celebration, Col(NS) Mohamed Ismail - CEO of PropNex Realty and 20 handpicked PropNex Ambassadors together with 20 Children beneficiaries of The Straits Times School Pocket Money Fund (STPMF) engaged in the making of mini-figurines for the NDP12 Engagement Activity “Building a LovingSG” at Marina Square Shopping Mall.

    This event is part of “PropNex Ambassadors' Care” project, which aims to raise funds for the underprivileged children in Singapore in building resilience and independence through education, and also a way to cultivate a sense of pride to be a Singaporean for these future pillars of Singapore.

  • 2011

    All shaved for a good cause

    Over 40 staff and salespersons volunteered to have their hair shaved for the Hair for Hope initiative to help Children's Cancer Foundation to increase awareness of cancer and improve the lives of children with cancer and their families. In all, we raised $50,000 for children fighting in solidarity against cancer.

    PropNex is more than just a leading real estate company in Singapore. We want to give back to the community: Imagine Singapore in which every child with cancer is given access to affordable medical care and attention. This was our mantra.

  • 2010

    Building futures

    PropNex went on another school-building mission, this time in the village of Trayong Pong, a two-hour drive north from Phnom Penh. Built from scratch, the school can accommodate up to 250 students. Students previously had to walk nearly 8 km to the nearest school - risking road hazards. Now getting an education has never been more convenient and safe.

  • 2009

    Going Beyond Borders

    PropNex commits to donate $30,000 over three years to the Singapore Children's Society as a Leading Enterprise Sponsor. This is under our corporate social responsibility theme of Empowering Future Generations Through Education.

    One of our most massive projects was embarked upon in 2009 as well. The “PropNex Cares” Programme raised over $70,000 to build a school in Cambodia. With a 35-man strong contingent and 13 Victoria Junior College students, the team traveled to the country to paint the educational facility, build a water filtration system that provided portable drinking water, a pumping well, toilet cubicles and distribution of donated items to over 750 students.

Press Releases

For media enquiries, please contact corpcomms@propnex.com.

Freehold cluster landed development Casa Fidelio in District 15 put up for collective sale for a reserve price of $24 million

March 19, 2025

Mass Market New Home Sales Led The Way, Posting 9-Year High Sales In February 2025 On Robust Demand At Parktown Residence And ELTA

March 17, 2025

PropNex Unveils a Bold New Brand Identity and Appoints Key Strategic Leaders; Launches New Property Investment Book

March 10, 2025

Propnex's Comments On Housing And Real Estate-Related Announcements In Parliament

March 5, 2025

Strong Take-Up At The Orie And Brisk Sales At One Bernam Sparked Sharp Rebound In New Home Sales In January 2025

February 17, 2025

Private Home Prices And HDB Resale Flat Prices Climbed In Q4 2024 On Strong Developers' Sales, And Resilient Public Housing Demand

January 24, 2025

Private New Home Sales Plunged By 92% MOM In December 2024 Amid A Drought Of New Project Launches And A High Base In November

January 15, 2025

PropNex Budget Wishlist 2025: Review ABSD Rate For CCR Home Purchase; Raise MSR For New EC Purchase; And Harmonise ABSD Remission Treatment For HDB Upgraders Buying A Private Home

January 8, 2025

Private Home Prices Jumped In Q4 2024 On Strong New Home Sales; HDB Resale Prices Rose At A Slower Pace On Softer Sales And Effects Of Tighter HDB Loan Curbs From August 2024

January 2, 2025

Blockbuster New Private Home Sales Amid Unprecedented Launches In November; Monthly Transactions Hit The Highest Since March 2013

December 16, 2024

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