PropNex OYY

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Company profile

The business, the people and the ownership behind PropNex.

Investor relations ↗Official company website

Business overview

About the company

PropNex provides real estate brokerage, consultancy and training services. Headquartered in Singapore, its agency network also extends to other Asia Pacific markets through regional offices and sales teams.

Annual Report 2025 ↗ Reviewed 2026-10-23 · Source dated 2026-04-01. PDF p. 4

Listed security

Company & listing

Full Company Name
PROPNEX LIMITED
Trading Currency
SGD
Website
www.propnex.com
Listing
Listed on 2 July 2018 on MAINBOARD
ISIN Code
SGXE65086469

Board & management

Leadership

Leadership reflects the annual report disclosure, including subsequent changes: Mohamed Ismail stepped down as CEO in July 2025 and remains Executive Chairman; Kelvin Fong became CEO in July 2025. The report does not provide an exact day for those July transitions.

Pebble Sia joined on 1 November 2025 and became Nominating Committee Chairman on 4 January 2026; Low Wee Siong ceased his reported director and committee roles on 4 January 2026.

MR MOHAMED ISMAIL S/O ABDUL GAFOORE

Co-founder and Executive Chairman

Board of PropNex Limited PDF p. 18

Former Chief Executive Officer; stepped down in July 2025; remains Executive Chairman

Leadership transition disclosed in FY2025 annual report PDF p. 18

MR KELVIN FONG KENG SEONG

Executive Director and Chief Executive Officer

Board of PropNex Limited PDF p. 18

Chief Executive Officer; appointed in July 2025

Leadership transition disclosed in FY2025 annual report PDF p. 18

Dr Ahmad Bin Mohamed Magad

Lead Independent Director

Board of PropNex Limited PDF p. 33

Mr Kan Yut Keong

Independent Director

Board of PropNex Limited PDF p. 33

Ms Pebble Sia Huei-Chieh

Independent Director

Board of PropNex Limited PDF p. 33

Ms. Pebble Sia

Independent Non-Executive Director and member of the AC, NC and RC

Board/committees PDF p. 77 As reported at 2025-11-01

Chairman of the Nominating Committee; appointed on 4 January 2026

Subsequent appointment disclosed in FY2025 annual report PDF p. 77 As reported at 2026-01-04

Mr. Low Wee Siong

ceased to be an Independent Non-Executive Director, Chairman of the NC, and member of the AC and RC

Board/committees PDF p. 77 As reported at 2026-01-04

Roles listed in PropNex Annual Report 2025; current appointments are not independently verified.

Holdings

Ownership

As reported at 2026-03-12

The twenty largest shareholders are displayed under the source heading. The report does not explicitly designate this list as registered or depository shareholders; nominee accounts are not inferred to be beneficial owners.

Substantial direct/deemed interests overlap and must not be added together. Source nominee and family-interest qualifications are retained. Director holdings identify the issuer and interest basis.

P & N Holdings Pte. Ltd.

Direct: No. of Shares –; % –. Deemed: No. of Shares 411,688,258¹; % 55.63; Source note 1: Shares are held through the P & N Holdings nominee account with UOB Kay Hian Private Limited.

Deemed and direct interests PDF p. 167 As reported at 2026-03-12

Mohamed Ismail S/O Abdul Gafoore

Direct: No. of Shares –; % –. Deemed: No. of Shares 475,441,558²; % 64.25; Source note 2: Includes 411,688,258 shares held by P & N Holdings (62% owned by Mohamed Ismail) and 63,753,300 through his UOB Kay Hian and Citibank nominee accounts.

Deemed and direct interests PDF p. 167 As reported at 2026-03-12

Lim Tow Huat

Direct: No. of Shares –; % –. Deemed: No. of Shares 439,508,000³; % 59.39; Source note 3: Includes 411,688,258 shares held by P & N Holdings (38% owned by Lim Tow Huat) and 27,819,742 through his Citibank and United Overseas Bank nominee accounts.

Deemed and direct interests PDF p. 167 As reported at 2026-03-12

Kelvin Fong Keng Seong

Direct: No. of Shares –; % –. Deemed: No. of Shares 75,960,000⁴; % 10.26; Source note 4: Includes 75,760,000 through his CPF/SRS and nominee accounts, and 200,000 held by spouse Lim Bee Hua Janet.

Deemed and direct interests PDF p. 167 As reported at 2026-03-12

approximately 19.99%

approximately 19.99%

Issued and paid-up ordinary shares excluding treasury shares and subsidiary holdings PDF p. 167 As reported at 2026-03-12

UOB Kay Hian Private Limited

No. of Shares 425,086,658; % of Issued Share Capital 57.44

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Citibank Nominees Singapore Pte Ltd

No. of Shares 123,344,919; % of Issued Share Capital 16.67

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

DBS Nominees (Private) Limited

No. of Shares 47,804,400; % of Issued Share Capital 6.46

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

United Overseas Bank Nominees (Private) Limited

No. of Shares 24,555,942; % of Issued Share Capital 3.32

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

HSBC (Singapore) Nominees Pte Ltd

No. of Shares 16,948,349; % of Issued Share Capital 2.29

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Raffles Nominees (Pte.) Limited

No. of Shares 10,396,827; % of Issued Share Capital 1.40

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Moomoo Financial Singapore Pte. Ltd.

No. of Shares 5,621,657; % of Issued Share Capital 0.76

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Phillip Securities Pte Ltd

No. of Shares 5,187,403; % of Issued Share Capital 0.70

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Tiger Brokers (Singapore) Pte. Ltd.

No. of Shares 4,685,700; % of Issued Share Capital 0.63

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

iFAST Financial Pte. Ltd.

No. of Shares 4,167,853; % of Issued Share Capital 0.56

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

DBSN Services Pte. Ltd.

No. of Shares 3,921,746; % of Issued Share Capital 0.53

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

CGS International Securities Singapore Pte. Ltd.

No. of Shares 2,064,000; % of Issued Share Capital 0.28

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

OCBC Securities Private Limited

No. of Shares 1,921,700; % of Issued Share Capital 0.26

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

OCBC Nominees Singapore Private Limited

No. of Shares 1,902,816; % of Issued Share Capital 0.26

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Wang Tong Peng @ Wang Tong Pang

No. of Shares 1,220,000; % of Issued Share Capital 0.16

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Chia Chiow Kuan

No. of Shares 1,017,600; % of Issued Share Capital 0.14

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Nishalani Wong Hui

No. of Shares 1,000,000; % of Issued Share Capital 0.14

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

ABN Amro Clearing Bank N.V.

No. of Shares 990,600; % of Issued Share Capital 0.13

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

DB Nominees (Singapore) Pte Ltd

No. of Shares 819,400; % of Issued Share Capital 0.11

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Ong Wai Meng

No. of Shares 747,887; % of Issued Share Capital 0.10

Twenty largest shareholders as printed; registration/depository status not explicitly designated in source heading PDF p. 166 As reported at 2026-03-12

Mohamed Ismail S/O Abdul Gafoore

Beginning FY2025: 475,441,558 shares; End FY2025: 475,441,558 shares; 21 January 2026: 475,441,558 shares

PropNex Limited ordinary shares; deemed interests PDF p. 102

Kelvin Fong Keng Seong

Beginning FY2025: 75,843,000 shares; End FY2025: 75,960,000 shares; 21 January 2026: 75,960,000 shares

PropNex Limited ordinary shares; deemed interests PDF p. 102

Ahmad Bin Mohamed Magad

Beginning FY2025: 120,000 shares; End FY2025: 120,000 shares; 21 January 2026: 120,000 shares

PropNex Limited ordinary shares; interests held PDF p. 102

Mohamed Ismail S/O Abdul Gafoore

Beginning FY2025: 364,261 shares; End FY2025: 364,261 shares

P & N Holdings Pte. Ltd. ordinary shares; interests held PDF p. 103

Mohamed Ismail S/O Abdul Gafoore

Beginning FY2025: 71,830 shares; End FY2025: 71,830 shares

PropNex International Pte. Ltd. ordinary shares; deemed interests PDF p. 103

Mohamed Ismail S/O Abdul Gafoore

Beginning FY2025: 634,000 shares; End FY2025: 634,000 shares

SingCapital Pte. Ltd. ordinary shares; deemed interests PDF p. 103

Mohamed Ismail S/O Abdul Gafoore

Beginning FY2025: 102 shares; End FY2025: 102 shares

SingCapital Holdings Pte. Ltd. ordinary shares; deemed interests PDF p. 103

Mohamed Ismail S/O Abdul Gafoore

Beginning FY2025: 100 shares; End FY2025: 100 shares

SC Power Pte. Ltd. ordinary shares; deemed interests PDF p. 103

Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.

Group structure

Main operating subsidiaries

The source schedule lists five subsidiaries. Ownership columns are FY2025 and FY2024 percentages, as printed. Ovvy is the subsidiary explicitly listed under PropNex Grandeur Homes.

PropNex Realty Sdn. Bhd. is separately disclosed as a 20% other equity investment. The report states there is no significant influence; it is not classified here as an associate. Its country and activity are not specified in that disclosure.

CompanyMarketOwnership interest
PropNex Realty Pte. Ltd.Subsidiary; ownership interest: FY2025 then FY2024 (%)PDF p. 138 Singapore; Real estate agency services; 100.00; 100.00
PropNex International Pte. Ltd.Subsidiary; ownership interest: FY2025 then FY2024 (%)PDF p. 138 Singapore; Real estate project marketing services; 71.83; 71.83
PropNex Grandeur Homes Pte. Ltd.Subsidiary; ownership interest: FY2025 then FY2024 (%)PDF p. 138 Singapore; Administrative support services; 100.00; 100.00
Life Mastery Academy Pte. Ltd.Subsidiary; ownership interest: FY2025 then FY2024 (%)PDF p. 138 Singapore; Training; 100.00; 100.00
Ovvy Pte. Ltd.Subsidiary; ownership interest: FY2025 then FY2024 (%)PDF p. 138 Singapore; Web portals; 100.00; 100.00; Subsidiary of PropNex Grandeur Homes Pte. Ltd.
PropNex Realty Sdn. Bhd.Other equity investment at FVOCI, GroupPDF p. 139 20% equity interest; no significant influence; not classified as an associate. Fair value FY2025: SGD 362 thousand; FY2024: SGD 362 thousand. Country and activity not explicitly stated in this disclosure.

Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.

Senior executives

Key management

Key management

ItemValuePeriod / scopeSource
MR ALAN LIM TOW HUAT Co-founder Management Team PDF p. 20
MR LIM YONG HOCK Key Executive Officer Management Team PDF p. 20
MS JOSEPHINE CHOW Chief Operating Officer Management Team PDF p. 20
MS LEE LI HUANG Chief Financial Officer Management Team PDF p. 21
MR EDDIE LIM Chief Agency Officer Management Team PDF p. 21
MR MICHAEL KOH Chief Technology Officer Management Team PDF p. 21
MR KENNY TAN Chief Marketing Officer Management Team PDF p. 22
MR JASON TAN Chief Strategy Officer Management Team PDF p. 22
MR ALVIN TAN Managing Director, PropNex International Pte Ltd Management Team PDF p. 22

Extracted from PropNex Annual Report 2025 and checked against the cited pages; see the original report for full context.

Shareholding statistics

Share capital & shareholders

Share capital

ItemValuePeriod / scopeSource
Issued and paid-up share capital $58,983,167 Company · As at 2026-03-12 PDF p. 166
Number of issued and paid-up shares excluding treasury shares and subsidiary holdings 740,000,000 shares Company · As at 2026-03-12 PDF p. 166
Class of shares Ordinary shares fully paid Company · As at 2026-03-12 PDF p. 166
Voting rights One vote for each ordinary share Company · As at 2026-03-12 PDF p. 166

Treasury shares

ItemValuePeriod / scopeSource
Number and percentage of treasury shares and subsidiary holdings held Nil Company · As at 2026-03-12 PDF p. 166

Shareholding distribution

ItemValuePeriod / scopeSource
1 - 99 3 shareholders; 0.09% of shareholders; 140 shares; 0.00% of shares Size of shareholdings band · As at 2026-03-12 PDF p. 166
100 - 1,000 428 shareholders; 12.12% of shareholders; 274,810 shares; 0.04% of shares Size of shareholdings band · As at 2026-03-12 PDF p. 166
1,001 - 10,000 2,106 shareholders; 59.64% of shareholders; 10,924,030 shares; 1.48% of shares Size of shareholdings band · As at 2026-03-12 PDF p. 166
10,001 - 1,000,000 978 shareholders; 27.70% of shareholders; 48,953,450 shares; 6.61% of shares Size of shareholdings band · As at 2026-03-12 PDF p. 166
1,000,001 and above 16 shareholders; 0.45% of shareholders; 679,847,570 shares; 91.87% of shares Size of shareholdings band · As at 2026-03-12 PDF p. 166
Total 3,531 shareholders; 100.00% of shareholders; 740,000,000 shares; 100.00% of shares Size of shareholdings band · As at 2026-03-12 PDF p. 166

Free float

ItemValuePeriod / scopeSource
Shares held by public approximately 19.99% of the issued and paid-up ordinary shares of the Company (excluding treasury shares and subsidiary holdings) are held in the hands of the public Company · As at 2026-03-12 PDF p. 167
Rule 723 compliance the Company has complied with Rule 723 of the Listing Manual Company · As at 2026-03-12 PDF p. 167

Extracted from PropNex Annual Report 2025 and checked against the cited pages; see the original report for full context.

Related parties, people & properties

Other disclosures

Related party transactions

ItemValuePeriod / scopeSource
Mr. Lim Tow Huat $175,000 FY2025 aggregate value of IPTs excluding transactions below $100,000 and those under shareholders' mandate PDF p. 100
Management fee income (41) $'000 Group, related corporations, 2025 (comparative 2024: (41)) PDF p. 165
Trainer fee expense 4 $'000 Group, related corporations, 2025 (comparative 2024: 6) PDF p. 165
Commission fee income (209) $'000 Group, key management personnel (including Directors), 2025 (comparative 2024: (137)) PDF p. 165
Administrative support income (3) $'000 Group, key management personnel (including Directors), 2025 (comparative 2024: (5)) PDF p. 165

Director remuneration

ItemValuePeriod / scopeSource
Key management personnel compensation 6,563 $'000 Group, 2025 (comparative 2024: 6,223) PDF p. 165
Mr. Ismail Gafoor 1,111,501 $ FY2025, Executive Director; Table 8.1 total PDF p. 90
Mr. Kelvin Fong 2,994,684 $ FY2025, Executive Director and CEO; Table 8.1 total PDF p. 90
Mr. Kan Yut Keong 84,000 $ FY2025, Independent Director; Table 8.1 total PDF p. 90
Mr. Low Wee Siong(1) 74,000 $ FY2025, Independent Director; Table 8.1 total PDF p. 90
Ms. Pebble Sia(2) 11,500 $ FY2025, Independent Director; Table 8.1 total PDF p. 90
Total Aggregate Remuneration $2,203,700 FY2025, five key management personnel who are not Directors or the CEO PDF p. 91

Extracted from PropNex Annual Report 2025 and checked against the cited pages; see the original report for full context.

Source: PropNex Annual Report 2025 ↗

Corporate information

Registration & contacts

Incorporated In
SINGAPORE
Incorporated On
10 Jan 2018
Email
[email protected]
Registered Office
480 Lorong 6 Toa Payoh
#10-01 HDB Hub
Singapore 310480
Secretary
Lee Li Huang
Kong Wei Fung and Cheok Hui Yee
Registrar / Transfer Agent
TRICOR BARBINDER SHARE REGISTRATION SERVICES
Registrar Address
9 Raffles Place, Republic Plaza Tower I #26-01, Singapore 048619
Auditors
ERNST & YOUNG LLP
Other Stock Exchange Listings
*SINGAPORE EXCHANGE LTD.
Country
SINGAPORE
Security Type
stocks