Strategic Strengthening In The GCB Luxury Landed Segment

NewsJanuary 06, 2022
Share:

For Immediate Release — Industry Veteran, Henry Lim, joins PropNex Realty as the Head of Good Class Bungalows (GCB) and Prestige Landed, bringing with him more than 25 years’ experience in brokering luxury residential landed and GCB properties. Over these years, Henry concluded more than 100 properties with an estimated sales value of $1billion. Having built an undisputed reputation in the landed segment since 1994, Henry Lim is well versed in closing the ultra-high net-worth deals.

In this newly-created role, Henry will work closely with the management team to seize new opportunities and penetrate into the ultra-high net-worth segment. Among his key tasks, he will help to spur business growth and market share in the GCB and prestige landed deals.

Prior to joining PropNex Realty, Henry was the Head of GCB from other leading real estate agencies in Singapore since 2010. “With his strong leadership and significant experience in the real estate industry, Henry will certainly be a huge value-add for PropNex, including helping to drive the real estate agency business as well as further deepening our offerings to the ultra-high net worth property investors. PropNex transacted over 1,400 landed homes in 2021, capturing 40.4% of the market share of our involvement. With Henry now onboard, we are confident that he will complement our existing salespersons who are already in the high-end segment,” said Ismail Gafoor, CEO of PropNex Realty.

“In my opinion, even with the Covid-19 pandemic, the average price of GCB proved to be very resilient. Many sellers are still pricing high their GCB, but on a softened stand. The market is entering a consolidation phase and 2021 will see a record transaction and activities. I am delighted with this new role in PropNex as we position ourselves in the ultra-luxury market and capture a bigger market share,'' Henry commented.

Henry holds a BSc in Marketing from University of Sydney Australia in 1993.

END

Suggested Reads

Upcoming Events

View more

You may like

New Private Home Sales Fell By 9% In April From March On US Tariffs Concerns And Dearth Of OCR Launches; The City Fringe Led Sales - Spurred By Marina South Project

May 15, 2025

Propnex To Launch The Tender For The Sale Of Two Freehold Terrace Houses In Devonshire Road For A Guide Price Of $14 Million

May 14, 2025

Private Home Prices And Hdb Resale Prices Rose At A Slower Pace In Q1 2025; Us Tariffs And Us-china Trade Tensions May Cloud Sentiment

April 25, 2025

New Private Home Sales Slipped In March Amid A Dearth Of Large Condo Launches; US Tariffs Uncertainties May Weigh On Buyer Sentiment

April 15, 2025

Flash Estimates Q1 2025 - Private Home Prices and HDB Resale Prices Rose at a Slower Pace in Q1 2025

April 01, 2025

Freehold Cluster Landed Development Casa Fidelio In District 15 Put Up For Collective Sale For A Reserve Price Of $24 Million

March 19, 2025