Propnex *Official* (SGX:OYY)

[V_for_Vanilla]

More likely 2026 will be a less robust year than 2025 as housing market continues to stabilise.

 

[skizzer]

Is it time to buy more then?

Haha I am tempted. But hoping for a much bigger correction.

 

[skizzer]

can share more wad this is about?

https://www.businesstimes.com.sg/co...rebut-allegations-lawsuit-involving-99-1-deal


From BT article, accordingly the agent claim:
He added that he had learnt of the structure from the training sessions conducted by PropNex Realty in 2016 and 2017. He thus reasonably believed that the method was legal and legitimate.

Ultimately any monetary losses if kena by Propnex will be minimal, compared to the recent drop of its market cap. I don't see them getting fined too badly coz of this. Like what the law firm say, the structure itself is not illegal. All of these really become clear only after IRAS came out to say very clearly if u do this structure to avoid ABSD, then its illegal. before IRAS said that, almost everyone just interpreted it as since IRAS never say its illegal, its legal.

 

[reddevil0728]

Haha I am tempted. But hoping for a much bigger correction.

But if doesn’t happen end up don’t even get a dip?

https://www.businesstimes.com.sg/co...rebut-allegations-lawsuit-involving-99-1-deal


From BT article, accordingly the agent claim:
He added that he had learnt of the structure from the training sessions conducted by PropNex Realty in 2016 and 2017. He thus reasonably believed that the method was legal and legitimate.

Ultimately any monetary losses if kena by Propnex will be minimal, compared to the recent drop of its market cap. I don't see them getting fined too badly coz of this. Like what the law firm say, the structure itself is not illegal. All of these really become clear only after IRAS came out to say very clearly if u do this structure to avoid ABSD, then its illegal. before IRAS said that, almost everyone just interpreted it as since IRAS never say its illegal, its legal.

Drop in market cap doesn’t really affect their books ah. More of affect shareholders

 

[V_for_Vanilla]

https://www.businesstimes.com.sg/co...rebut-allegations-lawsuit-involving-99-1-deal


From BT article, accordingly the agent claim:
He added that he had learnt of the structure from the training sessions conducted by PropNex Realty in 2016 and 2017. He thus reasonably believed that the method was legal and legitimate.

Ultimately any monetary losses if kena by Propnex will be minimal, compared to the recent drop of its market cap. I don't see them getting fined too badly coz of this. Like what the law firm say, the structure itself is not illegal. All of these really become clear only after IRAS came out to say very clearly if u do this structure to avoid ABSD, then its illegal. before IRAS said that, almost everyone just interpreted it as since IRAS never say its illegal, its legal.

I see this as a distraction. Impact, if any, is minimal. I expected a drop in the share price mainly because the primary and secondary market next year is expected to stabilise. There is also preemptive talk of cooling measures which is aimed at dampening sentiment.

 

[DevilPlate]

I see this as a distraction. Impact, if any, is minimal. I expected a drop in the share price mainly because the primary and secondary market next year is expected to stabilise. There is also preemptive talk of cooling measures which is aimed at dampening sentiment.

I think run up too fast too much….

property market is cyclical…..wait for property winter then whack lor haha

 

[elvintay07]

I think run up too fast too much….

property market is cyclical…..wait for property winter then whack lor haha

This chart is like middle finger forming. I think best to buy in at < $0.80

 

[Euqorab]

Lawsuits:
- Hao Mart
- 99-1

any other agency so suay to kana lawsuits this year?

 

[Dividends Warrior]

Lawsuits:
- Hao Mart
- 99-1

any other agency so suay to kana lawsuits this year?

Cordlife
https://www.channelnewsasia.com/sin...5-million-improper-storage-cord-blood-5530266

CDL (father sue son)
https://www.channelnewsasia.com/sin...k-leng-beng-drops-lawsuit-son-sherman-4997291

 

[Euqorab]

Cordlife
https://www.channelnewsasia.com/sin...5-million-improper-storage-cord-blood-5530266

CDL (father sue son)
https://www.channelnewsasia.com/sin...k-leng-beng-drops-lawsuit-son-sherman-4997291

I meaned property agency guru
By the way the CDL saga seem to have rest down already

 

[Dividends Warrior]

I meaned property agency guru
By the way the CDL saga seem to have rest down already

Oh, ERA got one.

https://www.straitstimes.com/singap...tate-agent-era-in-rare-case-of-size-disparity