The Singapore residential real estate market has been buoyant despite the pandemic which left a dent in most sectors of the economies last year.
Despite the circuit breaker, real estate activity was still very healthy with developers selling 10,024 private housing units in 2020, surpassing the 9,912 units in 2019 by 1.1%.
I personally believe that the residential real estate market this year will continue to be healthy given that more young couples are looking to buy their first house, and foreigners are also looking for a place to park their money – which in this case, Singapore looks like an attractive destination.
With this trend, naturally, PropNex caught my eye as my next investment.
PropNex is an integrated real estate services group with core businesses in 1. real estate brokerage, 2. training, 3. property management, and 4. real estate consultancy. Their primary business is the provision of real estate brokerage services which comprise of real estate agency and project marketing services....