SINGAPORE (Feb 20): PropNex Realty has entered into a strategic collaboration with Global Alliance Property (GAP).
GAP is operated under the Century 21 franchise, a wholly-owned indirect subsidiary of China Real Estate Grp (CREG).
Under the collaboration, GAP’s salespersons will be transferred to PropNex Realty. GAP will discontinue its real estate agency business with the transfer of the salespersons to PropNex Realty. Meanwhile, CREG will continue its foray in real estate development in China.