Press Release

August 29, 2022

PropNex Crowned The Grand Champion Of The PropNex Monopoly Championship With $108,000 Cash Prize

The Finals and Grand Finals of the PROPNEX MONOPOLY CHAMPIONSHIP 2022 happened yesterday on 28 August (Sunday). This is the FIRST of such Monopoly championship ever conducted on a nationwide scale by a real estate agency, with prizes over $300,000.

Mr Lim Yong Hock, Key Executive Officer of PropNex Realty acted as the Official Banker for the Grand Finale Game with the Top 4 Finalists

After 4 months of competition (May till August 2022), Ng Lan Ying, emerged as a Grand Champion Winner and brought home the coveted $108,000 prize money, beating 49 other Finalists. The intense Grand Finale game featuring the Top 4 Finalists was streamed LIVE that day on PropNex Singapore Facebook Page. The first runner-up Thomas Choi won $48,000 while second runner-up Winston Paul Wong Chi Huang received $38,000. (Refer to annex A for the prize details and full list of winners), all finalists won monetary rewards from $800.00 and a special serialized Gold PropNex Monopoly special edition.

The 26-year-old, Talent Management Consultant is one of the close to 10,000 registrants who were required to pit their skills for a place as a table champion and to clear the qualifying rounds, quarter finals, semifinals held at Furama Riverfront Hotel.

Mr Alan Lim, Director of PropNex Realty, Mr Lim Yong Hock, Key Executive Officer of PropNex Realty, Ms Ng Lan Ying, Grand Champion PropNex Monopoly Championship 2022, Mr Ismail Gafoor, CEO of PropNex Realty and Ms Joanna White, Senior Manager Promotions & Partnerships, APAC (Hasbro Consumer Products)

The Grand Champion highlighted, “This is indeed the most surreal moment in my life! I only joined the PROPNEX MONOPOLY CHAMPIONSHIP 2022 for fun and never thought that I could advance through the rounds and be the eventual Champion winning $108,000! What I learnt most from this experience is cash flow management, and how to make the most of what you have. As you cannot choose your title deeds (cards) in this game, great strategy is truly vital to win. My main strategy was to manage my cash flow situation and mortage my assets when I have not much cash in order to buy more houses and build more throughout the game. Thank you so much PropNex for organizing such a Championship that’s truly fun, engaging and insightful and also thank you to my fiancé for supporting and guiding me throughout the games!”

Ng Lan Ying shared that she planned to use the proceeds from her winnings into charity, her dream wedding and home and also save up the rest for rainy days.

First Runner Up, 40-year-old Fund Manager Thomas Choi, who won $48,000 also shared his experience, “It has been a fun and rewarding journey over the course of the games. I loved that the games constantly challenged me to make the best of the situations and any opportunities with the cards that I’ve been dealt with. There were many possibilities in the game that required me to think on my feet to strategize, constantly keeping track of my cash flow and taking calculated risks. In my opinion, this is also a reflection of life.”

Meanwhile, the second runner up, Winston Paul Wong, a 53-year-old In House Counsel, highlighted, “Even though I was not crowned the Grand Champion, I’m really proud of my 3rd Place title as I have worked hard to get through the numerous rounds for this final placing. This Championship is truly exciting and I look forward to join any other competitions that PropNex will organise in the future!”

Mr. Ismail Gafoor, CEO PropNex Realty shared, “I am truly happy for all the Top 50 Finalists from the PROPNEX MONOPOLY CHAMPIONSHIP 2022. With each individual going through various rounds of games before the Finals, they will walk away from this Championship with priceless experience and an in-depth understanding of the real estate market in Singapore. The Top 50 finalists each minimally bring home cash prizes from $800 to $108,000 as a reward of their efforts in the past few months.”

Mr Ismail added, “PropNex has always been championing consumers’ education in the real estate industry and we have constantly conducted consumer empowerment seminars since 2013. The specially curated PROPNEX MONOPOLY CHAMPIONSHIP 2022 was created to bring the real estate experience and consumers’ education to another experiential level and we are happy with the response of close to 10,000 registrants who enrolled in this Championship. We are confident that Singaporeans will continue enjoying the unique MONOPOLY PROPNEX EDITION with their loved ones and use it as an important tool to discover more about the real estate landscape and financial literacy.”

The grueling PROPNEX MONOPOLY CHAMPIONSHIP 2022 – is a competition where participants could use their real estate skills to outbid others to emerge as the overall champion with the highest asset value. This aims to introduce insights of the Singapore residential market and financial literacy in a fun and gamified manner. The dynamics of the latest property cooling measures were being incorporated into the game rules such as one has to pay ABSD (Additional Buyers’ Stamp Duty) for purchase of second and subsequent properties.

The MONOPOLY PROPNEX EDITION is meticulously curated to bring out the essence of the “Singapore flavour” giving players a deeper understanding of the property market, namely what constitutes the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR) segments and as well highlighting the various challenges that investors have to overcome in owning multiple properties complying to various cooling measures currently in place. Additionally, the competition rules were tweaked so that participants can complete the game within 1.5 hours maximum.

It was in 2020 since the Monopoly PropNex Edition Game was introduced and over 12,000 PropNex Monopoly Edition board games were sold through the company’s network of distribution. One can still purchase the PropNex monopoly game sets at at $49.99 (Excluding GST and Delivery Fee)

In bringing the board game to a more exclusive feel, we fabricated an exclusive range of 2,000 pieces of the GOLD MONOPOLY PROPNEX EDITION. It comes in a gold hot-stamped certificate with serialized number and the design of the box is hot-stamped with gold-plated tokens. PropNex also raised $27,275 from the sale of these exclusive sets through our salespersons earlier last year in 2021. The amount was channeled to Children’s Cancer Foundation.

Monopoly is enjoyed by more than one billion players in 114 countries across the globe. While the brand has evolved over the past 85 years, the gameplay and iconography of the classic Monopoly game has remained unchanged, making it a timeless classic sure to be enjoyed by future generations.

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