SINGAPORE (May 22): UOB Kay Hian is maintaining “buy” on PropNex while lowering its target price to 60 cents from 66 cents previously. The new target price is based on DCF and 2019F P/E of 10 times with reference to its closest listed competitor, APAC Realty, and comes after cutting net profit ...

SINGAPORE (May 13): APAC Realty reported a 70.6% drop in 1Q19 earnings to $1.7 million from 1Q18 earnings of $5.9 million a year ago. The operator of ERA real estate brokerage says this was due to a drop in brokerage income contribution as a result of lower transaction volume following the implemen...

APAC Realty's net profit for the first quarter ended March 31 sank 70 per cent year-on-year to S$1.78 million on the back of lower transaction volume following the cooling measures in July last year.

SINGAPORE (Mar 4): RHB Research is maintaining APAC Realty at “buy” given demand for Singapore’s residential property is expected to remain resilient despite a strong pipeline of new launches in 2019. Furthermore, the recent move by APAC Realty to strengthen its overseas presence should help ...

SINGAPORE (Feb 28): Real estate agency APAC Realty, which operates the ERA brand, has announced a 48.1% drop in earnings to $4.1 million for the 4Q18 ended December, from $7.9 million a year ago, on the back of lower revenue. This bring full-year earnings to $24.2 million for FY18, 6.4% lower than ...

SINGAPORE (Feb 18): As Singapore experiences the effects of the property cooling measures, listed real-estate agency APAC Realty, better known for operating under the ERA franchise, is now looking overseas to diversify from the Singapore property market. In an announcement on Feb 11, APAC Realty ...

SINGAPORE (Feb 12): APAC Realty, the real estate agency, is deepening its South-East Asian presence with the acquisition of the ERA master franchise operations for Indonesia and Thailand. The acquisitions are in line with its long-term plan to diversify its earnings base amid challenges in the loca...

WHEN APAC Realty listed on the Singapore Exchange (SGX) in September 2017, strengthening its Asia-Pacific network was among its key plans.

REAL estate agency APAC Realty is acquiring the ERA master franchisor for Indonesia for up to S$13.85 million in cash and also taking direct ownership of the Thailand ERA master franchise through a partnership.

SINGAPORE (Feb 11): APAC Realty said it is making headway in its Southeast Asia expansion plans. In Indonesia, the group has partnered with current ERA Indonesia CEO, Darmadi Darmawangsa, and the management team, to fund the acquisition of the Indonesia country master franchise operations from its ...