NWP Holdings Bhd is leveraging the vast experience of its directors’ Datuk Seri Nelson Kee Soon Ling and Yew Onn Chong – the key forces behind GS Realty Sdn Bhd which has produced an average yearly sales volume of RM8 bil – to launch a one-stop property tech solution.
Deemed a revolutionary solution, PropNest is designed to streamline and connect participants in all stages of the real estate industry, including developers, buyers, sellers, agencies, lenders and landlords.
In essence, it offers integrated and comprehensive solutions to address the needs of the property industry from disruptive innovation such as fintech solutions for property agencies, sharing economy in the realm of traditional property transactions, purchase and rental as well as property management.
“PropNest has put us as one of the leading property market players who is able to tap digital innovation to improve the property industry,” commented Kee who is also NWP’s substantial shareholder.
“The launch of PropNest will leverage GS Realty’s vast experience in the property market to create a seamless solution for all users – from buyers to real estate industry players whether they are agents, consultants, property management companies and developers.”
Providing a perspective, Kee said GS Realty is one of Malaysia’s largest property agencies with over 3,000 real estate negotiators.
“Instead of focusing on just the traditional transactions that we see in the usual property websites, PropNest also covers the entire scope for the property industry to encompass short-term rental solution as well as management of the property itself,” he pointed out.
Currently, the NWP group has a strong partnership with various property developers in Malaysia, including those who are listed entities.
Through collaboration with over 100 property developers across Malaysia, PropNest is in a position to attract the participation of leading developers, property agencies and residents and investors in its solutions.
“This will help PropNest to gain recognition and boost confidence among consumers in the property market,” suggested Kee.
NWP is confident that the collaboration with property agencies and other leading property developers as well as Kee’s leadership will enable the group to make profit within the first 12 months of PropNest’s roll-out.
“The group envisages a double-digit growth for PropNest as the world gradually recovers from the COVID-19 pandemic,” added Kee.
At the close of today’s market trading, NWP was unchanged at 20.5 sen with 27.36 million shares traded, thus valuing the company at RM108 mil. – Aug 13, 2021