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Corporate Profile

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PropNex Realty is Singapore’s largest Mainboard-listed real estate agency, with over 16,000 salespeople across 24 offices in six countries. Through our services in real estate brokerage, project marketing, investment sales, valuation, corporate leasing, and consultancy, we deliver trusted property guidance powered by market insight, technology, talent and a commitment to top-quality service.

PropNex is widely recognised across the Asia-Pacific region, anchored by its leadership in Singapore’s residential market and established presence in Indonesia, Malaysia, Vietnam, Cambodia and Australia. Recognised regionally for trust, knowledge, innovation, and market leadership, PropNex is the only Singaporean real estate company listed on the Fortune Southeast Asia 500 in 2024 and 2025.

Our commitment to excellence and professional standards is reflected in the Reader’s Digest Trusted Brands Platinum Award 2025, following four consecutive Trusted Brand Gold Awards. PropNex has also received three consecutive awards at the Singapore Business Review Technology Excellence Awards across PropTech and Analytics underscoring its leadership in digital transformation and innovation.

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

Executive Chairman

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Mr. Kelvin Fong Keng Seong

Executive Director and Chief Executive Officer

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Dr. Ahmad Bin Mohamed Magad

Lead Independent Director

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Ms Pebble Sia Huei-Chieh

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. Jason Tan

Chief Strategy Officer

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Mr. Alvin Tan

Managing Director, PropNex International Pte Ltd

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Mr. Derrick Law

Agency Operations Director

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Ms. Fazilla Nordin

Assistant Director, Corporate Communications and Strategic Partnerships

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Ms Carolyn Goh

Senior Director, Agency Growth & Engagement

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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.

  • 2025

    • Launch of refreshed brand logo
    • 25th Anniversary Celebrations attended by President Tharman Shanmugaratnam
    • Appointment of new Chief Executive Officer, Kelvin Fong
    • PropNex NDP Contingent in celebration of SG60
    • PropNex crosses $1.86 billion market capitalisation
    • Inaugural International Property XPO

  • 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.

GROWTH

2025 Centurion Club Awards (The Edge Singapore)
  • Highest Weighted Return on Equity Over Three Years

2025 Fortune Southeast Asia 500 List: #409
    2024 Centurion Club Awards (The Edge Singapore)
    • Overall Sector Winner – Real Estate

    • Highest Returns to Shareholders Over Three Years

    • Highest Weighted Return on Equity Over Three Years

    2024 Fortune Southeast Asia 500 List: #395
      2024 Singapore's Fastest Growing Companies
      • #60 (The Straits Times and Statista)

      2024 High-Growth Companies Asia-Pacific
      • #333 (Financial Times and Statista)

      2023 Centurion Club Awards (The Edge Singapore)
      • Overall Sector Winner – Real Estate

      • Highest Returns to Shareholders Over Three Years

      • Overall Centurion

      • Highest Growth in Profit after Tax Over Three Years

      • Highest Return on Equity Over Three Years

      2023 Singapore's Fastest Growing Companies
      • #62 (The Straits Times and Statista)

      2022 Centurion Club Awards (The Edge Singapore)
      • Overall Sector Winner – Real Estate

      • Highest Returns to Shareholders Over Three Years

      • Highest Growth in Profit after Tax Over Three Years

      • Highest Return on Equity Over Three Years

      2020 Singapore's Fastest Growing Companies
      • #57 (The Straits Times and Statista)

      GOVERNANCE

      2025 Singapore Corporate Awards 2025
      • Best Managed Board (Bronze – Mid-cap companies with a market capitalisation between $300 million and under $1 billion)

      2022 SIAS Investors' Choice Awards
      • Singapore Corporate Governance Award Winner, Mid Cap

      2021 SIAS Investors' Choice Awards
      • Singapore Corporate Governance Award Runnerup, Small Cap

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

      BRAND EXCELLENCE

      2025 Singapore’s Best Employers
      • #117 (The Straits Times and Statista)

      2025 Reader’s Digest Singapore Trusted Brands
      • Platinum Award

      2025 Influential Brands
      • Property Agency (Winner)

      2024 Singapore’s Best Employers
      • #67 (The Straits Times and Statista)

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

      2023 Singapore’s Best Employers
      • #38 (The Straits Times and Statista)

      2023 Expat Living Readers' Choice Awards
      • Best Property Agency/Website (Silver Winner)

      2020 Expat Living Readers’ Choice Awards

        TECHNOLOGY

        2025 SBR Technology Excellence Awards
        • PropTech – Real Estate (Singapore Business Review)

        2024 SBR Technology Excellence Awards
        • PropTech – Real Estate (Singapore Business Review)

        ACCREDITATIONS

        2015 Singapore Service Class Certified
          2015 Singapore Quality Class Certified

            COMMUNITY

            2025 Community Chest Awards
            • Charity Platinum Award and Volunteer Partner Award

            2025 ASEAN Rural Development and Poverty Eradication Leadership Award
            • Private Sector Category

            2024 Community Chest Awards
            • Charity Platinum Award

            2023 Community Chest Awards
            • Charity Platinum Award

            2022 Community Chest Awards
            • Charity Platinum Award

            2021 Community Chest Awards
            • Charity Platinum Award

            2020 Community Chest Awards
            • Charity Platinum Award

            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.

            • 2025

              • Landmark contribution of S$6.0 million to the Community Chest over a 12-month period
              • Launch of the PropNex Family Zone
              • Establishment of PropNex Foundation, dedicated to empowering students through education
              • Received the Charity Platinum Award and Volunteer Partner Award from President Tharman Shanmugaratnam at the Community Chest Awards 2025

            • 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.

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