SINGAPORE (EDGEPROP) - On the market is a portfolio of 11 HDB shops and a 999-year leasehold shop unit at Peninsula Plaza for $52.185 million, with CBRE as the exclusive marketing agency. The shop units have a total strata area of 17,934 sq ft, and based on the asking price, it averages out to $2,910 psf across the portfolio.

Collectively known as “The Heartland Collection”, the HDB shops are located in mature residential estates across the island, such as Ang Mo Kio, Clementi, Hougang, Tampines, Toa Payoh and Yishun, says Clemence Lee, CBRE executive director of capital markets, Singapore.

Many are corner HDB shops with prominent frontages, he adds. Others are two-storey HDB shophouses near road junctions, coffee shops, post offices, grocery stores, markets or food centres. "They enjoy prominent frontage and high footfalls," says Lee.

A 1,518 sq ft, 2-storey HDB shophouse at Ang Mo Kio Avenue 1 for sale at $2.205 million ($1,453 psf) [Photo: CBRE]

On a psf basis, the most expensive shop is the 1,033 sq ft unit at Toa Payoh Lorong 6 at $11,791 psf. It is right in the heart of Toa Payoh Central, within a short walk of the Toa Payoh MRT station and bus interchange.

The Toa Payoh shop is even more expensive than the Peninsula Plaza on North Bridge Road in the Downtown Core. The 538 sq ft Peninsula Plaza unit has a price tag of $11,320 psf.

Convenience store 7-Eleven (part of DFI Retail Group, formerly Dairy Farm International) is the tenant of seven of the 11 HDB shops on long-term leases. The leases are on a 5+5+5 year lease, with the second five-year term taking effect from August.

In the portfolio of 11 HDB shops, the 1,033 sq ft HDB shop at Toa Payoh Lorong 6 is the priciest on a psf basis $11,791 psf (Photo: CBRE)

A variety of other tenants have leased the remaining four HDB shops. An incoming owner-occupier can utilise the shops upon the expiry of the leases, says Lee. 

Separately, the 999-year leasehold strata retail shop at Peninsula Plaza faces St Andrew's Cathedral. It is accessible from the street level and adjacent to Capitol, linked underground to the City Hall MRT interchange station and neighbouring malls Raffles City, Funan and The Adelphi.

The shops are available for sale individually or collectively as a portfolio by an expression of interest (EOI) exercise that closes on Wednesday, May 10, at 3 pm.

A 1,516 sq ft, corner shophouse with dual frontage at Jurong West is on the market for $5.67 million ($3,735 psf) [Photo: CBRE]

Individuals will find the shops tenanted by 7-Eleven appealing as such units are only sometimes available for sale, notes Lee.

It is also rare for such a sizeable collection of HDB shops to come on the market. The last time it happened was in September 2018, when a stable of nine HDB shops was launched for sale by CBRE too. The price tag for the portfolio of nine HDB shops was $34 million or $2,548 psf based on the strata area of 13,343 sq ft.

According to Lee, one of the reasons these properties seldom surface on the market as there are only 8,500 such units across Singapore. As HDB discontinued the sale of such HDB shops in 1998, these units are only available via the resale market. "Supply for these properties is extremely limited, almost akin to conservation shophouses," he says.

The 538 sq ft Peninsula Plaza unit has a price tag of $6.09 million ($11,320 psf) [Photo: Samuel Isaac Chua/EdgeProp Singapore)

Singapore has only 6,500 conservation shophouses, built between the early-1800s and mid-1900s.

HDB shops are open to locals and foreigners like other private commercial properties. However, for the two-storey HDB shophouses that come with living quarters on the upper floor, additional buyer's stamp duty (ABSD) is payable for the residential portion. (Find HDB flats for rent or sale with our Singapore HDB directory)

Foreigners must therefore pay a 30% ABSD for the residential part. "HDB shops, therefore, appeal more to local investors familiar with the suburban locations," says Lee. With more people working from home, even retail shops in HDB town centres are bustling across the week, not just on weekends, he adds.

Lee sees the Heartland Collection as offering investors "a rare opportunity to acquire a series of prime heartland HDB shophouses that would otherwise be challenging to accumulate".

Check out the latest listings near Ang Mo Kio, Hougang, Toa Payoh, Jurong Gateway, Yishun, Peninsula Plaza, Clementi, Tampines, Toa Payoh MRT station, City Hall MRT Interchange Station

SINGAPORE (EDGEPROP) - A row of six HDB shophouses at 8 Lorong 7 Toa Payoh has been put up for sale in an expression of interest exercise, with a guide price of $15.86 million. (Find HDB flats for rent or sale with our Singapore HDB directory)

Read also: Ascendas REIT to acquire Philips APAC Center at Toa Payoh for $104.8 million

According to a press release on Nov 1 from Shophouse Collective, the appointed marketing agents and a group under PropNex Realty, the owners of these shophouses have banded together to collectively sell their properties.

These properties have a total built-in area of 8,501 sq ft. At the current guide price, this translates to $1,865 psf on the floor area. Four of the shophouses are adjoining units and each has a ground-floor strata area of 743 sq ft.

The neighbouring fifth unit is a corner unit with an additional ground-floor strata area of 1,506 sq ft. But it does not contain a second floor. Three units away from this corner unit is the sixth unit, which has a ground-floor strata area of 753 sq ft and 646 sq ft of living quarters on the second floor.

“Therefore, it is possible for a single buyer to subsequently combine the four adjoining shops and the corner adjacent unit into one larger retail shop or supermarket, subject to relevant authorities’ approval,” says Agnes Low, an agent with Shophouse Collective.

She adds that the properties also enjoy an estimated rental yield of about 3% based on the existing rental income.

All the commercial spaces on the ground floor are tenanted, as well as the residential units on the second floor. The existing tenants comprise a laundromat, a spa, a clinic, a pet grooming business, a tuition centre, and a traditional Chinese medicine business.

The second floor is accessible by a lift lobby that leads to a common corridor. This enables the residential spaces to be leased separately from the commercial spaces.

As the units are classified as commercial properties, foreign buyers are eligible to purchase them. The additional buyer’s stamp duty only applies to the second-floor residential spaces, which Shophouse Collective says comprises a “smaller percentage of the valuation”.

The expression of interest exercise for the sale of these properties will close on Dec 2.

Check out the latest listings near 8 Lorong 7 Toa Payoh

SINGAPORE (EDGEPROP) - In Singapore, close to eight out of every 10 persons live in an HDB flat. Prices of HDB resale flats has increased steadily over the past two years. In 2021, the HDB resale price index jumped 12.7% y-o-y, which was the highest annual rate of growth in the past decade. Since the start of the Covid-19 pandemic, prices of public housing in Singapore have grown 18.4%.

Read also: ANALYSIS: Pros and cons of the Build-To-Order sites to be launched in May 2022

The rapid rate of price growth of HDB resale flats was due to the combination of a few factors. The supply chain disruption and lock-downs due to the pandemic had led to shortages of materials and manpower in the local construction industry. As a result, the construction of HDB flats was disrupted and delayed. Some HDB homebuyers who could not afford the long wait chose to buy completed HDB flats from the resale market.

This led to a sharp increase in demand for resale flats. About 31,000 HDB resale flats changed hands last year, 25.3% more than the previous year. That led to a spike in prices.

Despite the rising prices in public housing, is it still possible to find affordable HDB flats? The objective of this report is to examine where the cheapest HDB flats are located. (Find HDB flats for rent or sale with our Singapore HDB directory)

Bukit Batok is ranked 6th among the HDB towns with the most affordable 3-room flats, and 7th among the most affordable 4-room flats in terms of median prices over the past 12 months from July 2021 to June 2022 (Photo: Samuel Isaac Chua/EdgeProp Singapore) 

This study will identify the HDB towns with the lowest median transacted prices of four commonly traded HDB flat types. The median transacted prices are based on the available data for the period from July 2021 to June.

For each type of HDB flats examined in this study, the 10 towns with the lowest median transacted prices of each type of flats will be identified and ranked in ascending order.

Although there are seven types of HDB flats based on their sizes, this study will examine the prices of four of the most commonly traded HDB flats, namely the three-, four-, five-room and executive flats.

The total number of one-room, two-room flats and studio apartments only made up less than 4% of the entire population of resale flats island-wide. There is insufficient transaction data of these three types of smaller flats for this study. By contrast, the number of four-room flats alone is more than 10 times the combined number of these three types of flats.

Jurong West (pictured) was among the top five towns with the cheapest three-room HDB resale flats in the time period of this study (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Based on the median transacted resale prices of HDB flats, the top five towns with the cheapest three-room HDB resale flats in the time period of this study were Geylang, Toa Payoh, Jurong West, Woodlands and Bedok. The ranking of the towns with the cheapest three-room flats based on the median transacted prices in ascending order is shown in Table 1.

The lowest median prices of resale for three-room flats was in Geylang at $305,000 while the median price of the seventh to tenth towns with the lowest prices of such flats ranged from $345,000 to $348,000.

Four of the 10 towns with the lowest median prices of three-room flats were HDB mature estates. They were Geylang, Toa Payoh, Bedok and Ang Mo Kio.

Source: ERA Research & Consultancy, HDB

It may seem unusual for these popular mature estates to offer some of the cheapest HDB three-room flats in Singapore. Toa Payoh, Ang Mo Kio and Geylang are mature estates located near the city area. Toa Payoh and Ang Mo Kio are centrally located while Geylang is only a 10-minute drive to the CBD.

A key reason for the relatively cheap three-room HDB resale flats in these four mature towns was the age of these flats. The median age of the three-room flats in these mature towns were older than the median age of the three-room flats in the other six non-mature towns in the list.

The median year of lease commencement of the transacted three-room flats in these four mature estates were before 1981, while the median year of commencement of the lease in the non-mature towns started after 1981.

Toa Payoh is one of the four mature HDB estates with the lowest median prices of three-room flats (Photo: Samuel Isaac Chua/EdgeProp Singapore)

The HDB town with the lowest median price of four-room HDB flats was Woodlands at $435,944. It was followed by Sembawang, Jurong West, Yishun and Jurong East in the second to fifth position respectively, based on the ranking of the towns with the cheapest median prices of four-room flats in ascending order.

Source: ERA Research & Consultancy, HDB

Among the 10 towns with the cheapest median transacted prices of four-room flats, Bedok was the only mature HDB estate. Not surprising, the median age of the four-room flats in Bedok was relatively older than the others. The median price of the seventh to tenth towns with the lowest prices of such flats ranged from $460,000 to $475,000.

The median price of four-room HDB flats island-wide was $490,000. The median prices of four-room flats in these 10 towns were still lower than the island-wide median price for such flats, illustrating the affordability of such flats in these towns.

The HDB town with the lowest median price of four-room HDB flats was Woodlands at $435,944 (Photo: The Edge Singapore)

Sembawang was ranked first among the HDB towns with the most affordable five-room flats at $510,000, which was 13.6% cheaper than the island-wide median price of $590,000 for such flats.

Among the 10 HDB towns with the lowest median prices for five-room flats, Pasir Ris was the only mature HDB town and it is ranked in the eighth position.

Source: ERA Research & Consultancy, HDB

The median prices of the five-room flats in the top eight towns were still cheaper than the islandwide median price of this flat type, which stood at $590,000. This indicates that homebuyers have a more than 50% chance of finding five-room flats in these eight towns that are cheaper than the islandwide median price.

At the median price of $600,000, Punggol was ranked last among the ten most affordable HDB towns. This is because generally, the five-room flats in Punggol are the newest among similar flats in the list of the 10 towns.

The five-room flats in Punggol are among the newest flats in the list of the 10 towns (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Executive flats are the largest type of HDB flats and hence, could be counted as the most expensive type of public housing flats. Currently, there are about 65,000 such flats, making up 6% of the total population of HDB flats in Singapore.

Over time, executive flats will gradually made up a smaller proportion of the total stock of flats island-wide. Such flats are the rarest among the four types of flats in this report. They are a favourite among homebuyers who prefer spacious homes.

Source: ERA Research & Consultancy, HDB

The town with the lowest median price of transacted executive flats was Sembawang at $589,000. Ranked from the second to fifth positions for the cheapest median prices of executive flats were Jurong West, Punggol, Sengkang and Choa Chu Kang respectively.

The median transacted price of executive flats in Singapore was $718,000 in the last twelve months. Attesting to the high prices of executive flats, the median prices of such flats in towns that were ranked in the ninth position onwards were higher than the island-wide median price of this flat type, illustrating such flats are not the most affordable public housing in Singapore.

Choa Chu Kang (pictured) is among the towns with the lowest median price for executive flats (Photo: Samuel Isaac Chua/EdgeProp Singapore)

An analysis of the data reveal some interesting results. Table 5 shows the ranking of each type of flats in the respective HDB towns.

If the HDB town is among the 10 towns with the lowest median prices of a particular flat type, its ranking for that flat type will be displayed in Table 5.

Source: ERA Research & Consultancy, HDB

First, the most affordable bigger flats, such as the four-room, five-room and executive flats could be found in Sembawang. This town in the north region occupied the first position in the ranking of lowest median prices for five-room and executive flats, and the second position for four-room flats. Therefore, homebuyers who are looking for affordable bigger flats should explore the Sembawang resale market.

Second, three towns appeared in the top 10 ranking for the lowest median transacted prices for all four types of flats. They were Jurong West, Woodlands and Yishun. This shows that homebuyers could have a better chance to find affordable resale flats of different sizes in these three towns.

Third, among the three towns mentioned above, Jurong West had the most affordable flats of different sizes as it was ranked within the top three lowest median prices for all the four flat types. This means that house hunters could have even more opportunities to buy the cheapest HDB flats of various sizes in Jurong West than in the other towns.

Fourth, Ang Mo Kio only appeared once in the top 10 list which the median price of the three-room flats ranked in the seventh position. This means that other than the three-room flats in Ang Mo Kio, all the other types of flats are not the most affordable.

Ang Mo Kio and Bedok (pictured) had relatively low median prices for three- and four-room flats, while Pasir Ris was ranked eighth and ninth in terms of five-room and executive flats respectively (Photo: Albert Chua/EdgeProp Singapore)

Ang Mo Kio and Bedok had relatively low median prices for three- and four-room flats, while Pasir Ris was ranked eighth and ninth in terms of five-room and executive flats respectively.

These three mature towns were not ranked within the top five cheapest median prices for all the four flat types, illustrating that they are not the towns with the most affordable flats in Singapore. However, homebuyers who are hunting for affordable HDB flats in mature estates could search the resale market in these three towns.

Although HDB flats are the most affordable housing in Singapore, the prices of such real estate can differ widely depending on the location, age and size of the flats.

Typically, the cheaper flats could be found in the non-mature estates located further away from the city centre. However, it is still possible to find affordable flats in centrally located mature estates if the buyer does not mind that such flats are usually older.

Nicholas Mak is head of research and consultancy department at ERA Realty Network (Photo: ERA)

Check out the latest listings near Toa Payoh, Bedok, Jurong West, Bukit Batok, Geylang, Woodlands, Ang Mo Kio, Sembawang, Pasir Ris, Punggol, Yishun

SINGAPORE (EDGEPROP) - Once a gaudy orange and yellow, ERA APAC Centre’s facade is now a sleek white. Solar panels have just been installed on the rooftop to power some of the building’s energy needs. Refurbishments are underway at the four-storey rectangular block that houses the headquarters of one of Singapore’s biggest real estate agencies, ERA Singapore and its Singapore-listed parent company APAC Realty.

Read also: Marcus Chu to step up as APAC Realty CEO

The building had begun life as Toa Payoh Cinema in 1972 and was then turned into Toa Payoh Entertainment Centre in the late 1990s. The cinema had shuttered in late 2010 and a year later, Hersing Corp purchased the building, which was renamed Hersing Centre and later ERA Centre. In 2018, APAC Realty purchased it for $72.8 million and renamed it ERA APAC Centre.

Renovations are underway at ERA APAC Centre – once upon a time Toa Payoh Cinema - with new solar panels installed, and a Green Mark certification in the offing (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Late last year, after its restaurant tenant exited from its first level space, ERA converted it into a new office space for its agents’ use. The unit next door that had previously been occupied by a beauty salon is now a training room. Hence, ERA has chosen adaptive reuse of its building rather than redeveloping it. Its efforts have been recognised, with the building to be conferred a Green Mark certification by the Building and Construction Authority. “We’re in the real estate business and we believe in adding value to our own asset,” says Marcus Chu, CEO of ERA Singapore and APAC Realty.

The lobby area on the first level of APAC Centre was renovated last year. It now has a co-working space, a lounge area, booths for video conference calls, a soundproof podcast room and a photo booth. “These are value-added services for our agents,” explains Chu.

The soundproof podcast booth available for agents’ use (Photo: Samuel Isaac Chua/EdgeProp Singapore)

ERA is celebrating its 40th anniversary this year, having been in Singapore since 1982. It’s a momentous year for Chu too. He became CEO of ERA Singapore and APAC Realty last July. He joined ERA as a sales associate in 1996, vaulted to senior vice-president in 2005 and skyrocketed to the COO position in 2013 before landing on the CEO seat last July.

Chu is not content with just being a “mega agency”, which in his definition, is an agency with a sales force of at least 5,000. ERA has long passed that benchmark and now has 8,299 agents as at Jan 28, based on the Council for Estate Agencies public register. Across Asia Pacific, APAC Realty has more than 20,300 agents in 10 countries. “This has surpassed our vision in 2021,” says Chu.

He wants to increase ERA’s sales force in Singapore to over 10,000 and more than 25,000 across the region by 2024. APAC Realty has established a presence in 10 countries. While the ERA companies in Indonesia, Malaysia, Thailand and Vietnam are subsidiaries, those in Cambodia, China, Japan, South Korea and Taiwan operate as franchisees.

Co-working space includes soundproof booths for video conferencing on the first level (Photo: Samuel Isaac Chua/EdgeProp Singapore)

ERA’s market share of the private housing resale market in Singapore stood at 45% last year, estimates Chu. The firm brokered 43% of the resale transactions in the HDB segment last year. Its market share of new home sales was one-third (33%).

Over the next three years from 2022 to 2024, ERA aims to grow its presence in the resale market for both HDB and private homes to 50%. The target he wants to achieve for new home sales is 40%. ERA wants to grow its share in the private leasing market to 30% from 23% last year. (Find HDB flats for rent or sale with our Singapore HDB directory)

Before Covid, Singapore contributed to 80% of APAC Realty’s revenue and profit, with the other markets in the region making up 20%. Last year, Singapore contributed to more than 95% of APAC Realty’s revenue and profit. “Covid had affected the overseas markets quite severely, while Singapore has adapted well to digitalisation,” observes Chu.  

Vending machines at the pantry area of the co-working space (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Although the regional markets’ contribution was less than 5% last year, Chu believes these markets “hold great promise and untapped potential”. He believes that the overall revenue contribution should be enhanced with further overseas expansion once vaccinated travel lanes are expanded. “We have franchise rights for 17 countries, so we will expand beyond the 10 existing countries,” he says.  

Chu’s ambition is to turn ERA into “a full-fledged, professional real estate services provider”. As such, he recently launched ERA’s new capital markets and investment sales business, headed by Steven Tan, its new managing director. Tan was formerly executive director of capital markets and investment sales at Colliers International.

Tan didn’t come alone. He brought three other colleagues, namely Donald Goh, Tay Liam Hiap and Desmond Lim. Collectively, they have about 100 years’ worth of experience and have transacted over $4.7 billion worth of deals.

Tan: It’s a good time for us to set up this capital markets department now (Photo: Samuel Isaac Chua/EdgeProp Singapore)

“In the past, collective sales were done by our agents, but we never had a dedicated team that focused on it,” says Chu. “We have decided to take a professional approach, and have our own corporate team.”

Besides collective sales, the capital markets team will handle other “big ticket” deals, ranging from the sale of a row of shophouses to hotels, industrial buildings or office blocks. This allows ERA to expand beyond its core market of homeowners, investors and developers. It will now be able to tap institutional investors including REITs, private equity firms, real estate funds, family offices and ultra-high net worth investors.

Following the recent property cooling measures on Dec 16, more investors have switched their attention to industrial and commercial properties as these assets are not subject to additional buyer’s stamp duty (ABSD). “It’s a good time for us to set up this capital markets department,” says Tan. (Find Singapore commercial properties with our commercial directory)

Besides collective sales, the capital markets team will handle other “big ticket” deals, ranging from the sale of a row of shophouses to hotels, industrial buildings or office blocks (Photo: Samuel Isaac Chua/EdgeProp Singapore)

A real estate veteran with almost 30 years’ experience, Tan has brokered more than $1.8 billion of investment properties. Recent deals he brokered included the sale of a freehold industrial building at 190 Macpherson Road for $88 million in 2020. His other notable deals included the collective sale of an apartment and commercial block on Phoenix Road for $42.6 million to Qingjian Realty in 2019, which will be redeveloped into the 105-unit The Arden. Tan also brokered the sale of a food factory at 200 Pandan Loop for $56.8 million last year.

Even though the ABSD for developers buying residential sites has been increased to 35% from Dec 16, “the collective sale market isn’t totally dead”, says Tan. “Developers are still interested in the small sites in the $100 million to $200 million range. They still need land as the unsold stock is at an all-time low. Larger collective sale sites above $500 million, however, could be a challenge.”

He expects developer interest in collective sale sites in the Rest of Central Region (RCR) and Outside Central Region (OCR) to remain. “Developers need to reassess their risks given higher ABSD and construction costs before they put in a bid for a site,” he adds.

The new capital markets and investment sales department at ERA include (left to right) Donald Goh, Steven Tan, Tay Liam Hiap and Desmond Lim (Credit: ERA)

Collective sales in the Core Central Region (CCR) may not take off as home buyers in this high-end segment tend to be foreigners or property investors with multiple properties already, both of whom have been slapped with higher ABSD, he cautions.

Joining Tan at ERA is Tay, the new managing director of investment sales. He is said to have brokered $1.5 billion worth of deals, including the collective sales of City Tower, Flamingo Valley, Fairways Condominium and Pacific Plaza. Tay is also a licensed valuer.

Goh, the new director of capital markets and investment sales, is said to have a wide-ranging experience from commercial and industrial properties to residential developments including Good Class Bungalows. Lim, the newly appointed director of capital markets and investment sales, workplace & culture, will be handling commercial and industrial leasing, which is complementary to capital markets, according to Tan.

ERA's auction and sales department (left to right): Yvonne Lau, Alison Lee, Carol Quek and Irene Song (Credit: ERA)

Prior to capital markets and investment sales, ERA had also entered the auction market in 2016 and imported a team from Colliers International. Since then, the auction department’s business has increased from $12.94 million in 2016 to $70.79 million in 2020.

During the pandemic, virtual property auctions were conducted by streaming on Facebook Live. Its first virtual property auction featured a landed property that received multiple bids and was sold at its guide price of $3.4 million. With the combination of property cooling measures, rising interest rates and expiry of relief measures for borrowers, ERA’s Chu foresees more mortgagee sales to surface at auctions this year.

More than growing headcount, Chu wants to increase the per capita performance of his agents. “It’s about investing more in training and development to build the competencies of our agents so they can provide a positive transaction experience for their clients,” he says.

Photo booth for agents on the first level of ERA APAC Centre (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Chu is well aware of the shift in market dynamics. “A new generation of home buyers has entered the market: those born in the 1990s, and who are buying their first property,” he observes.

ERA has therefore been rolling out initiatives to empower its agents to cater to this new generation of buyers. He is introducing “social media hacks”, content creators who have gained a big following on Instagram or TikTok, to teach his agents how to leverage these social media platforms and tools. “We have to move with the changing times,” says Chu. “It’s important to track how consumers interact in social media and digital platforms.”

Last August, the company rolled out RealtyWatch, an app for consumers offering both property and financial tools, that will allow them to access property market information, the latest mortgage rates and new project launches on the market. “We want to connect ERA agents with consumers,” says Chu. “Agents can host their existing and prospective clients on the platform, which acts as a digital customer relations management system.”

Chu: The ability to provide full-fledged services is very important to us. In the past, collective sales were done by our agents, but we never had a dedicated team that focused on it. We have decided to take a professional approach, and have our own corporate team (Photo: Samuel Isaac Chua/EdgeProp Singapore)

In an era where consumers already have access to market information online, Chu believes that ERA can differentiate itself through its digital tools, such as iERA, which offers analytical tools and insights, so agents can offer home buyers options based on their budget and preferred locations. Another app, Robo Advisor, empowers even new agents to generate different investment options that meet their clients’ needs.

A New Launch app for agents will include information on available units for sale, a daily update on the number of transactions and the commission rate. The app also allows for project comparisons as well as past transactions dating back to the year 2000. He intends to roll out another app for landed property, which includes URA planning decisions and plot dimensions.  

He believes that the expansion of ERA’s suite of apps and tools will go towards building the firm into a real estate firm with “full-fledged services”.

Check out the latest listings near The Arden