Real Estate Services(IN30185.SG)

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Real Estate Services
IN30185.SG
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PropNex suggests changes to housing policies ahead of Budget 2026

PropNex has proposed changes to housing policies ahead of Singapore's Budget 2026 to enhance property market stability and affordability. Key recommendations include reducing the additional buyer’s stamp duty (ABSD) for foreign buyers of high-value homes, raising the mortgage servicing ratio for new executive condominiums, and lowering the en bloc sale consent threshold to support urban renewal. The agency aims to improve housing transitions and maintain a resilient residential property market by fine-tuning existing measures in response to current market conditions.

Singapore Business Review·
SG
OYY
-0.92%
Singapore Business Review·
SG
OYY
-0.92%

Claimant Withdraws Suit Against PropNex Subsidiary; Shares Up Nearly 4%

Claimant Withdraws Suit Against PropNex Subsidiary; Shares Up Nearly 4%

marketscreener·
SG
OYY
-0.92%
marketscreener·
SG
OYY
-0.92%

Lawsuit vs PropNex withdrawn, company says

Its financial position and performance for FY2025 are unaffected by the suitPropNex Realty Pte. Ltd. said in a bourse filing that a lawsuit made against it by an unnamed entity has been discontinued and withdrawn. “The company wishes to update shareholders that the claimant has discontinued and withdrawn the suit,” PropNex said.PropNex Limited’s financial position and performance for the financial year ended 31 December 2025 are unaffected by the suit, it added.

Singapore Business Review·
SG
OYY
-0.92%
Singapore Business Review·
SG
OYY
-0.92%

Prestige landed homes sales reports 20% growth in H2 2025

Prestige landed homes sales in Singapore reported a 20% growth in H2 2025, totaling over $1.2 billion across 83 transactions, according to PropNex. Homes priced between $10 million and $15 million made up 72.3% of sales, while 27.7% of deals exceeded $15 million. Despite this growth, leasing demand for landed homes softened, with 2,190 contracts valued at $23.1 million recorded, down from 2024. The report highlights economic uncertainties and the impact of interest rate cuts on the luxury property market.

Singapore Business Review·
SG
OYY
-0.92%
Singapore Business Review·
SG
OYY
-0.92%

Propnex says lawsuit against unit for alleged salesperson misconduct withdrawn

PropNex announced that a lawsuit against its subsidiary, PropNex Realty, for alleged misconduct has been withdrawn. The lawsuit, initially filed in February 2025, sought damages related to the actions of a salesperson. PropNex stated that the claimant has discontinued the case, and there is no material impact on the company's financial position for the year ending December 31, 2025. This follows another lawsuit dropped in October 2025 regarding a different allegation. PropNex shares rose by 1.1% to $1.90 prior to the announcement.

Straitstimes·
SG
OYY
-0.92%
Straitstimes·
SG
OYY
-0.92%
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