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APAC Realty earnings down 68% y-o-y to $7.6 million for 9MFY2023

Bryan Wu
Bryan Wu • 1 min read
APAC Realty earnings down 68% y-o-y to $7.6 million for 9MFY2023
For the 9MFY2023, transaction volumes for new homes — excluding executive condominiums (ECs) — private resale and rental, and HDB rental have all declined compared to last year.Photo: Albert Chua/The Edge Singapore
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APAC Realty (SGX:CLN) , which runs the ERA property agency franchise, has reported earnings of $7.6 million for the nine months ended Sept 30, down 68% y-o-y. 

Revenue for the same period was down 23% y-o-y to $405.5 million, compared to $527.5 million last year.

For the 9MFY2023, transaction volumes for new homes — excluding executive condominiums (ECs) — private resale and rental, and HDB rental have all declined compared to last year.

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