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PropNex Giving $6m to Community Chest to Celebrate SG60

The Straits Times

|

July 17, 2025

PropNex, Singapore's largest real estate agency, will make a $6 million donation to the Community Chest to commemorate SG60, in addition to contributions to other charitable initiatives, including The Straits Times School Pocket Money Fund (STSPMF).

- Samantha Lee

PropNex Giving $6m to Community Chest to Celebrate SG60

The donations were announced on July 15 by the firm's executive chairman Ismail Gafoor, at a ceremony for the company's 25th anniversary celebration.

The event, which was hosted at the Marina Bay Sands convention centre, was attended by President Tharman Shanmugaratnam.

The $6 million donation, to be made over the span of 12 months, is the company's single largest contribution to the charity. In addition, PropNex has pledged to donate $1.5 million annually from 2025 to 2027.

The property firm first started donating to Community Chest – the philanthropic arm of Singapore's National Council of Social Service – in 2013, and has given the charity more than $10 million in the last 12 years.

Community Chest supports children with special needs, children at risk and low-income families, along with other causes.

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