{"id":60360,"date":"2017-07-11T10:16:23","date_gmt":"2017-07-11T03:16:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/80-of-dwg-agents-crossed-over-to-propnex\/"},"modified":"2017-07-11T10:19:55","modified_gmt":"2017-07-11T03:19:55","slug":"80-of-dwg-agents-crossed-over-to-propnex","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/80-of-dwg-agents-crossed-over-to-propnex\/","title":{"rendered":"80% of DWG agents crossed over to PropNex"},"content":{"rendered":"


\nPropNex Realty is officially the largest real estate agency with 6,688 salespersons. (Photo: Jianwei Huang)
\nSome 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.
\nThis means that PropNex is officially Singapore\u2019s largest real estate agency with 6,688 agents, according to the Council for Estate Agencies (CEA) registry as of 10 July. That puts it ahead of ERA Realty Network with 6,176 agents and Huttons Asia (3,129 agents). \u00a0
\nCommenting on the transition process, PropNex\u2019s Senior Strategic Partner Dennis Wee, who founded DWG in 1993 said: \u201cThe extensive administrative support provided plus special briefings conducted personally by the PropNex leaders have contributed to the smooth crossover for the salespersons.\u201d
\nOf the remaining 218 DWG agents who did not choose PropNex, 105 are inactive while most of the remaining 113 agents have decided to join other agencies.
\n\u201cSince the announcement of the merger, many agencies went all out to woo the DWG salespersons to join them,\u201d said Mohamed Ismail, CEO of PropNex Realty.
\nMeanwhile, he expects the merger to strengthen PropNex\u2019s new project sales business. In the first half of 2017, the agency recorded total sales of 1,223 units across 16 residential projects including Parc Riviera, Artra and OUE Twin Peaks. \u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…80% of DWG agents crossed over to PropNex<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PropNex Realty is officially the largest real estate agency with 6,688 salespersons. (Photo: Jianwei Huang)...<\/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-60360","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-fHy","jetpack-related-posts":[{"id":57608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-merges-with-dwg-to-form-largest-local-property-agency\/","url_meta":{"origin":60360,"position":0},"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":58752,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-june-2017\/","url_meta":{"origin":60360,"position":1},"title":"News Roundup (June 2017)","date":"June 23, 2017","format":false,"excerpt":"\r Our top Singapore property stories. PropNex and DWG merge to form largest property agency Homegrown real estate agency PropNex Realty recently announced its merger with Dennis Wee Group (DWG), following the signing of a memorandum of understanding (MOU) between the two companies in June. The addition of DWG\u2019s 1,071\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/06\/Marina-Bay-site_cropped.jpg?fit=611%2C378&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":75763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slight-rise-in-number-of-property-agents-this-year\/","url_meta":{"origin":60360,"position":2},"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":61356,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-july-2017\/","url_meta":{"origin":60360,"position":3},"title":"News Roundup (July 2017)","date":"July 21, 2017","format":false,"excerpt":"\r Our top Singapore property stories. \u2018Bungalow in the sky\u2019 up for sale for $100m A three-storey penthouse equipped with a private pool on the 64th floor has been put up for sale for a whopping $100 million, reported Reuters. Set to become the most expensive apartment in Singapore, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/07\/HDB-flats-1024x683.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200},"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":60360,"position":4},"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":[]},{"id":90386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-realty-aims-to-raise-40m-in-ipo\/","url_meta":{"origin":60360,"position":5},"title":"PropNex Realty aims to raise $40m in IPO","date":"June 4, 2018","format":false,"excerpt":"\r PropNex Realty\u2019s CEO, Ismail Gafoor. In a bid to replicate the success of its rival APAC Realty, Singapore\u2019s largest property agency PropNex Realty plans to launch an initial public offering (IPO) that will raise about $40 million, reported Bloomberg recently citing anonymous sources. APAC Realty raised $58 million during\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\/60360"}],"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=60360"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60360\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=60360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=60360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=60360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}