Logo of Phnom Penh Post newspaper Phnom Penh Post - Singapore real estate firm arrives in Cambodia



Singapore real estate firm arrives in Cambodia

Content image - Phnom Penh Post
The expansion brings PropNex's salesforce to over 12,000 across Singapore, Indonesia, Malaysia, Vietnam and Cambodia. PROPNEX

Singapore real estate firm arrives in Cambodia

Singapore-listed real estate agency PropNex Ltd has made its debut into the Kingdom, its fourth overseas market following Malaysia, Indonesia and Vietnam, it said in a press release on May 19.

The expansion brings PropNex’s salesforce to over 12,000 across Singapore, Indonesia, Malaysia, Vietnam and Cambodia, The Edge Singapore reported.

With 15 years of experience in the business, Alan Neo will take on the role of CEO and oversee PropNex Cambodia, which has 500 sales staff and is headquartered in Phnom Penh, with branch offices in Siem Reap province and Sihanoukville.

He said: “PropNex Singapore has a dominant brand presence and is our preferred partner of choice to further establish ourselves in the Cambodian real estate market.

“Having evaluated many options, I believe PropNex’s trainings, advanced IT [internet technology] platform and support system can value-add our service to our salesforce.

“We are excited to embrace the dual career path, a commission scheme model which PropNex pioneered in 2000 to much success and which was subsequently adopted as the industry practice in Singapore.”

PropNex executive chairman and CEO Ismail Gafoor noted that the move is the next step in the group’s ambitions to be a leading regional real estate agency.

“We are excited to be the leading agency in Cambodia, incorporating our success formula as we expand our brand to more countries internationally,” he said.

PropNex Cambodia has also partnered with Hong Kong developer Urban Hub (Cambodia) Co on Urban Village – a mixed-use development spanning 760,000sqm on Hun Sen Boulevard in the capital.

It is also the exclusive marketing agency of D’Seaview, a mixed-use development project in Sihanoukville, developed by Singapore’s Hong Lai Huat Group.

MOST VIEWED

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM takes time to meet, greet Cambodians living in the US

    After landing in the US ahead of the ASEAN-US Special Summit, Prime Minister Hun Sen was received by over 1,000 Cambodian-Americans including political analysts who welcomed him with greetings, fist bumps and selfies. Hun Sen also met with analyst Mak Hoeun, who had allegedly spoken ill

  • Khmer cinema classics back on big screen for free at WB Arena’s outdoor movies series

    On a recent Saturday evening at WB Arena, Bunsong was enjoying a tasty BBQ meal with his family after work on the long tables that had been arranged out in front of the restaurant as they watched a Khmer action movie on a big outdoor

  • PM heads to Washington for ASEAN-US special summit

    Regional and international issues and how to bring the ASEAN-US partnership to another level will be discussed at length as Prime Minister Hun Sen and his ministers arrive in Washington, DC, for a special summit on May 12-13. During the trip, Hun Sen and ASEAN

  • National Assembly refutes EU resolution

    The National Assembly (NA) has hit back at a European Parliament resolution condemning the political and human rights situation in Cambodia, calling it another display of the Parliament’s “double standards”. Key points of the resolution include a warning that the Parliament could exclude the