{"id":4325,"date":"2018-06-27T07:00:22","date_gmt":"2018-06-26T23:00:22","guid":{"rendered":"https:\/\/www.smallcapasia.com\/?p=4325"},"modified":"2018-06-27T00:57:24","modified_gmt":"2018-06-26T16:57:24","slug":"propnex-ipo-heres-5-quick-things-need-know","status":"publish","type":"post","link":"https:\/\/www.smallcapasia.com\/zh-hant\/propnex-ipo-heres-5-quick-things-need-know\/","title":{"rendered":"Propnex IPO: Here\u2019s 5 Quick Things You Need to Know"},"content":{"rendered":"

With more than 7,000 sales agents under the company, PropNex is the largest real estate agency in Singapore after a merger with the Dennis Wee Group in 2017. It is also the second\u00a0real estate brokerage to list on the Singapore Exchange after APAC Realty<\/a>.<\/span><\/p>\n

Here’s a quick glance into the details of PropNex’s IPO.\u00a0\u00a0<\/span><\/p>\n

You can also find the prospectus<\/a> here<\/span>.<\/p>\n

1. PropNex Profile<\/h2>\n

The company comprises 4 main business segments:<\/span><\/p>\n

\"propnex<\/a><\/strong><\/h3>\n

(i) Real Estate Brokerage<\/strong><\/h3>\n

Under this segment, the company derives its revenue from commission earned from sales and rental of residential, commercial and industrial properties. <\/span><\/p>\n

PropNex has a huge market share in the Singapore real estate market under this segment. According to Frost and Sullivan, a business consulting firm, PropNex has 42.7% market share in the residential primary private market and 45.3% leading market share in the residential HDB resale market. <\/span><\/p>\n

This segment is also the single largest contributor to the company’s gross profit. In FY2017, it has contributed 94.8% to the company’s gross profit, which is equivalent to S$33.7 million.\u00a0<\/span><\/p>\n

(ii) Training<\/strong><\/h3>\n

PropNex is involved in providing training for salespersons through its Life Mastery Academy. It is a Council for Estate Agencies (CEA) accredited provider of Continuing Professional Development (CPD) courses. The objectives of CPD scheme are to ensure salespersons possess the necessary professional knowledge in estate agency work. <\/span><\/p>\n

The Training Services segment has contributed S$710 thousand (2.1%) to PropNex’s gross profit in FY17.\u00a0 \u00a0\u00a0<\/span><\/p>\n

(iii) Property Management<\/strong><\/h3>\n

PropNex provides a one-stop professional consultancy to manage boutique and high-end condominiums. It offers specialised solutions in property management, building diagnostic and facility management.<\/span><\/p>\n

Some of the more renowned properties under the company’s portfolio include<\/span><\/p>\n