PropNex Completes Acquisition of PropTech Platform Ovvy

Singapore-based real estate agency PropNex has finalized the acquisition of a 70% stake in Ovvy, a leading technology platform designed to empower its agents with enhanced service capabilities for clients.

Through Ovvy’s extensive network of merchants, PropNex salespersons gain access to a wide array of value-added services. Clients can easily request services such as air-conditioning repair, receive offers from various merchants, filter options, and seamlessly book and pay for services tailored to their specific needs.

Ismail Gafoor, Co-founder, Executive Chairman, and CEO of PropNex, highlights the importance of this strategic move: “The group is committed to continuously upgrading our technological infrastructure to foster real-time connectivity between our salespersons and clients. With this acquisition, our salespersons can offer comprehensive support to clients, landlords, tenants, and home investors, particularly in terms of after-service care and property maintenance.”

Gafoor emphasizes PropNex’s dedication to innovation and digital transformation within the real estate sector: “By leveraging technology, we aim to remain at the forefront of industry innovation, revolutionizing the digital landscape for the benefit of our salesforce and clients alike.”

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