APAC Realty holds the ERA regional master franchise rights across 17 countries in the Asia Pacific, as well as the master franchise rights for Coldwell Banker – one of the leading US real estate franchising firms – in Singapore.
APAC Realty Limited is poised to have a stable future as non-brokerages income stream provide some buffer to its transaction-based business.
The company’s non-brokerage stream, which comprises its property valuation, training and management arms, accounted for 15.8 percent of its gross profit for FY2018, revealed a Phillip Securities report.
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With this, the gross margins for the non-brokerage and brokerage segments stand at 88 percent and 10.7 percent, respectively.
In June 2018, APAC Realty also acquired ERA APAC Centre, through an acquisition of shares in HC Home shares, adding to its non-brokerage income stream.
“While revenue from the brokerage segment will continue to be the mainstay, recurring income from its non-brokerage stream helps lend a buffer, especially in property downcycles,” said the report.
APAC Realty holds the ERA regional master franchise rights across 17 countries in the Asia Pacific, as well as the master franchise rights for Coldwell Banker – one of the leading US real estate franchising firms – in Singapore.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru
