APAC Realty, which runs the regional ERA real estate agency franchise, has reported earnings of $7.5 million for its 1QFY21 ended March, up 114% from the year earlier.

Revenue in the same period was $153.1 million, up 69.7% y-o-y, due to higher transaction volume of residential properties in the new homes and resale segments in the last six months.

According to the company, the demand came largely from local buyers, young couples and HDB upgraders amid strong global liquidity and low interest rate environment.


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook