News: PropNex expands into Malaysia

Mar 14, 2018

PropNex CEO Ismail Gafoor with the leadership team from Malaysia. 

With the success of its first regional expansion into Indonesia two years ago, PropNex has further expanded the brand to Malaysia.

Initially driven by a group of Malaysian real estate veterans – Yuki Wan, Steve Tong, Evon Heng and Marcus Teng, the expansion is in line with the agency’s vision to develop qualified and professional real estate agents with the experience to serve overseas clients.

“Malaysia has indeed grown to be one of the leading choice of property investors today. With improved connectivity between Singapore and capital, Kuala Lumpur thanks to the development of the High Speed Rail, major redevelopment plans for the Iskandar Zone and several residential and commercial projects by Chinese developers, property prices and transactions in Malaysia are set to be rising in the next few years,” PropNex said in a statement.

“PropNex believes that it is the opportune time to introduce its professional and qualified salespersons to serve the growing market there.”

Currently, the PropNex Malaysia brand has close to 100 agents who are primarily focused on marketing new and resale residential units.

PropNex CEO Ismail Gafoor is confident that the Malaysian agents “will scale to great heights in the market” and make an impact in Malaysia’s real estate brokerage industry in time to come.

Separately, PropNex also unveiled a healthcare benefits scheme for its agents. The move comes amidst rising concerns for the self-employed or freelancers’ need for help.

For just $19, PropNex salespersons can visit over 500 general practitioner, dental and traditional Chinese medicine clinics and enjoy health screenings for various conditions, including diabetes and  hypertension.

Other benefits offered by the company include a pension scheme, an insurance benefits scheme and a spouse protection scheme for team leaders, in which the spouse of a deceased team leader will be provided an income, until the team leader would have reached the age of 60.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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Nirna Sarnin
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