23 September 2024, Singapore -

The Finals and Grand Finals of the PROPNEX MONOPOLY CHAMPIONSHIP 2024 happened yesterday on 22 Sept 2024. The nationwide PROPNEX MONOPOLY CHAMPIONSHIP returned for a third time this year with cash prizes over $180,000 for the Top 75 winners, including $108,000 for the Grand Champion. The Top 10 winners also brought home a pair of MONOPOLY DREAM Melbourne admission tickets, an immersive entertainment centre which features a multi-sensory experience, including augmented reality, 4D technology, physical challenges and games.

CHAMPION FOR THE YEAR 2024

After four months of competition (May till August 2024), the 34-year-old Real Estate Salesperson, Calvin Cheong emerged as a Grand Champion Winner and brought home the coveted $108,000 prize money, beating 74 other finalists at NTU Alumni Club, where the grand final was held. The intense Grand Finale game featuring the Top 4 finalists was streamed LIVE that day on PropNex Singapore Facebook Page.

The Grand Champion highlighted, "When I joined the PROPNEX MONOPOLY CHAMPIONSHIP 2024, I never thought I could advance through the rounds and eventually become the Champion, winning $108,000! It was a great match with the other three competitors, but I stayed focused on my strategy-to bankrupt as many players as possible and end the game. Thank you, PropNex, for organizing the PROPNEX MONOPOLY CHAMPIONSHIP 2024. I look forward to returning if there's another Championship in the future! Calvin also shared that he plans to use his winnings to invest in a second property

OUTSTANDING COMPETITORS

First Runner Up, 36-year-old Business Programme Manager, Tan Jun Guang, who won $18,000 also shared his experience, "This experience has been both fun and rewarding for me. Personally, I love playing Monopoly, and I joined this Championship purely for fun! It was truly a surprise to make it all the way to the Top 4. I find the MONOPOLY PROPNEX EDITION very interesting, as it incorporates elements of real estate investment with familiar Singapore locations. It's a great game to play with your loved ones and a perfect introduction to the real estate scene in Singapore."

Mr. Ismail Gafoor, CEO of PropNex Realty, shared his excitement for the Top Finalists of the PROPNEX MONOPOLY CHAMPIONSHIP 2024, "It's wonderful to see each finalist progress through multiple rounds to reach the Finals. Beyond the thrill of competition, they've gained valuable insights into Singapore's real estate market. As recognition of their dedication over the past months, the Top 50 finalists will be rewarded with cash prizes starting from $500, with the Champion earning up to $108,000."

PROPNEX AT THE FOREFRONT OF CONSUMER EDUCATION

"It has always been PropNex's mission to be at the forefront of consumer education and empowerment. In 2023 we conducted over 90 consumer seminars and organised full-house events like the Singapore Property XPO and Property Wealth System masterclasses, all for the benefit of our consumers' real estate journeys. The PROPNEX MONOPOLY CHAMPIONSHIP is an extension of this mission, where we elevate the real estate experience, offering an immersive way for both young and old to learn more about the property market and financial literacy," added Mr. Ismail.

ABOUT THE CHAMPIONSHIP

The grueling PROPNEX MONOPOLY CHAMPIONSHIP 2024 - is a competition where participants could use their real estate skills to outbid others to emerge as the overall champion with the highest asset value. This aims to introduce insights of the Singapore residential market and financial literacy in a fun and gamified manner. The dynamics of the latest property cooling measures were being incorporated into the game rules such as one has to pay ABSD (Additional Buyers' Stamp Duty) for purchase of second and subsequent properties. The MONOPOLY PROPNEX EDITION is meticulously curated to bring out the essence of the "Singapore flavour" giving players a deeper understanding of the property market, namely what constitutes the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR) segments and as well highlighting the various challenges that investors have to overcome in owning multiple properties complying to various cooling measures currently in place. Additionally, the competition rules were tweaked so that participants can complete the game within 1.5 hours maximum.

It was in 2020 since the MONOPOLY PROPNEX EDITION Game was introduced and over 12,000 PropNex Monopoly Edition board games were sold through the company's network of distribution. In bringing the board game to a more exclusive feel, PropNex fabricated an exclusive range of 2,000 pieces of the GOLD MONOPOLY PROPNEX EDITION. It comes in a gold hot-stamped certificate with serialized number and the design of the box is hot-stamped with gold-plated tokens.