>

APAC Realty invests $1.5 mil for 38% stake in ERA Vietnam

By Valerie Kor

/ EdgeProp Singapore |

February 27, 2020 3:00 PM SGT

SINGAPORE (EDGEPROP) - APAC Realty has invested $1.5 million for 38% of the issued share capital in ERA Vietnam.

This acquisition follows that of ERA Indonesia and ERA Thailand in February 2019 and ERA Malaysia at the end of 2019. These moves are in line with the group’s strategy to diversify investments so as to enhance competitive advantage in high-growth real estate markets in Asia.

From 2014 to 2019, Vietnam’s middle class doubled to 33 million people. Its real estate market is expected to grow exponentially alongside its expanding middle class, especially in Ho Chi Minh City and Hanoi. Vietnam’s GDP growth is projected to be robust at around 6.8%.

ERA Vietnam currently has an estimated 20% market share of Vietnam’s growing project marketing segment, having expanded rapidly over the past two years.

The team has 900 ERA salespersons in Ho Chi Minh City. In 2019, it closed 40 key projects for leading developers, including Singapore names such as GuocoLand, Keppel Land and Mapletree.

Jack Chua, chairman and CEO of APAC Realty, says: “Our unique franchise model allows the group to establish the ERA brand name in new markets through a cost-efficient platform.”

To date, APAC Realty’s real estate network has 651 offices across 10 countries.

Read also:

Targeted investment strategies crucial in Asia Pacific real estate markets: LaSalle

Analysts like APAC Realty as it builds up overseas operation

ERA embraces technology, targets regional expansion

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

UOL and CapitaLand to acquire Thomson View Condo for $810 mil

2

Emerald of Katong draws 10,000 as crowds surge at project sales galleries during Deepavali weekend

3

Is it a Good Deal?: A freehold three-bedroom in D9 sold for $3.27 million, making a $2.03 million profit

4

Chuan Park attracts 5,000 visitors on first day of preview

5

Executive Condo launches in the pipeline to test new highs of $1,700 psf

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.