SINGAPORE (Oct 22): PropNex expects rental, landed and HDB resale segments -- representing 40% of its total revenue -- to stay resilient in the face of cooling measures, says UOB KayHian after a meeting with management.

In good and bad times, PropNex management says renters will continue to rent, providing a recurring income stream to the group while the landed segment is expected to remain resilient as these properties face restrictions on foreign ownership and the HDB resale market, which sees about 20,000 transactions per year, should also remain unaffected due to natural demand.

According to UOB, PropNex led in 16 of the 19 projects marketed to date, closing the largest number of units. This includes 35.7% market share in terms of overall units sold for Tre Ver, 42.2% of Daintree Residences, 35.5% of Park Colonial, 41.5% of Riverfront Residences and 59.7% of Garden Residences.

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