{"id":104229,"date":"2019-02-21T11:32:09","date_gmt":"2019-02-21T04:32:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/gap-to-transfer-its-property-agents-to-propnex-realty\/"},"modified":"2019-02-21T13:02:53","modified_gmt":"2019-02-21T06:02:53","slug":"gap-to-transfer-its-property-agents-to-propnex-realty","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gap-to-transfer-its-property-agents-to-propnex-realty\/","title":{"rendered":"GAP to transfer its property agents to PropNex Realty"},"content":{"rendered":"


\nPropNex further strengthens its position as Singapore\u2019s largest listed real estate agency with over 7,500 salespersons.
\nGlobal Alliance Property (GAP), which operates under the Century 21 franchise, has signed a strategic collaboration with PropNex Realty, whereby GAP\u2019s property agents will be transferred to the latter.
\nWith the transfer of salespersons, GAP will discontinue its property agency business. As for its parent company, China Real Estate Grp (CREG), it intends to continue its venture into real estate development in China.
\n\u201cI believe PropNex Realty will provide greater opportunities and long-term growth for our salespersons with its proven track record in the past 19 years,\u201d said CREG\u2019s Chairman and CEO, Choo Yeow Ming.
\nThe collaboration was announced by PropNex Realty in a press release on Wednesday (20 Feb), but it did not reveal how many agents would be transferred.
\nA report from the Council of Estate Agencies (CEA) last month revealed that PropNex Realty takes the lead with 7,400 agents, followed by ERA Realty Network (6,490), OrangeTee & Tie (4,056), Huttons Asia (3,067) and Savills Residential (672).
\nWith the collaboration with GAP, PropNex said it has further cemented its position as Singapore\u2019s biggest listed property agency with more than 7,500 salespersons.
\n\u201cThese newly transferred salespersons in PropNex Realty will be able to elevate their business to the next level with the presence of robust training programmes, specially crafted signature bootcamps, strong Information Technology and backroom support and the solid branding that PropNex Realty offers as the market leader in the industry,\u201d said PropNex Realty CEO Ismail Gafoor.
\nHe added that PropNex works closely with property developers in marketing new project launches. For 2018, its agent team dominated the number of transactions compared to joint marketing agencies for many developments.
\n\u201cWe are confident that PropNex Realty will be able to continue its performance in new project launches. With a wider network of salespersons, we are ready to add greater value to property developers in their outreach to consumers, be it in the luxury segments, mid-tier and executive condominiums (ECs).\u201d
\nFind\u00a0property agents\u00a0who can help you in your\u00a0Singapore Property\u00a0search.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…GAP to transfer its property agents to PropNex Realty<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PropNex further strengthens its position as Singapore\u2019s largest listed real estate agency with over 7,500...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104229","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-r77","jetpack-related-posts":[{"id":60360,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/80-of-dwg-agents-crossed-over-to-propnex\/","url_meta":{"origin":104229,"position":0},"title":"80% of DWG agents crossed over to PropNex","date":"July 11, 2017","format":false,"excerpt":"\r PropNex Realty is officially the largest real estate agency with 6,688 salespersons. (Photo: Jianwei Huang) Some 845 out of the 1,063 property agents (80 percent) from Dennis Wee Group (DWG) have signed an agreement to cross over to PropNex Realty following a merger announcement in June. This means that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-clears-air-on-discrepancies-over-dennis-wee-realty-transaction\/","url_meta":{"origin":104229,"position":1},"title":"PropNex clears air on discrepancies over Dennis Wee Realty transaction","date":"June 27, 2018","format":false,"excerpt":"\r PropNex Realty\u2019s CEO, Ismail Gafoor. Real estate agency PropNex Realty has clarified certain matters cited in recent media reports that its transaction involving Dennis Wee Realty (DWR) was without monetary terms and that there were discrepancies between its audited revenue and profit for FY2016 to the figures in its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-merges-with-dwg-to-form-largest-local-property-agency\/","url_meta":{"origin":104229,"position":2},"title":"PropNex merges with DWG to form largest local property agency","date":"June 12, 2017","format":false,"excerpt":"\r \u00a0 Homegrown real estate agency PropNex Realty announced this morning (12 June) a merger with Dennis Wee Group (DWG) following an MOU signing over the weekend. The addition of DWG\u2019s 1,071 property agents in a bulk transfer will grow PropNex\u2019s team to 6,926 agents from 5,855 previously. The transition\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slight-rise-in-number-of-property-agents-this-year\/","url_meta":{"origin":104229,"position":3},"title":"Slight rise in number of property agents this year","date":"January 4, 2018","format":false,"excerpt":"\r There are now 28,571 registered property agents in Singapore. The number of registered property agents in Singapore rose slightly to 28,571 as at 1 January 2018, up from 28,397 during the same period last year, according to data released by the Council for Estate Agencies (CEA) on Thursday (4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/01\/10-largest-property-agencies.jpg?fit=677%2C641&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":48810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-realty-ventures-into-indonesia-to-target-wealthy-buyers\/","url_meta":{"origin":104229,"position":4},"title":"PropNex Realty ventures into Indonesia to target wealthy buyers","date":"March 20, 2017","format":false,"excerpt":"\r Group photo of PropNex CEO Mohamed Ismail with some of the agents from Indonesia. Property agency PropNex Realty embarked on its first regional expansion into Indonesia in the second half of 2016 to access a larger pool of potential buyers, especially those interested in purchasing Singapore luxury properties. \u201cWe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agencies-merge-tap-into-tech-as-real-estate-market-goes-increasingly-online\/","url_meta":{"origin":104229,"position":5},"title":"Property agencies merge, tap into tech as real estate market goes increasingly online","date":"October 10, 2017","format":false,"excerpt":"\r Lower commissions, developers being less dependent on agents, and digital disruption are posing threats to Singapore agencies, says industry veteran. The property agency industry has been abuzz with recent mergers and how technology is disrupting the way agents do business. It started in June when PropNex Realty announced a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104229"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104229"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104229\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}