"Whilst these combined unfavorable factors led to a decrease in property transactions during this period, we continue to maintain a strong foothold in our operating markets with close to 40% share of the market in 1H2023,” he adds, referring to the total of 9,053 transactions handled.
APAC Realty, which runs the ERA property agency franchise, has reported earnings of $5 million for its 1HFY2023, down 70% y-o-y. Revenue in the same period was down 24.2% y-o-y to $259.6 million
“The Singapore property market continues to deal with the consequences of the April 2023 cooling measures and the high interest rate environment," says CEO Marcus Chu (picture).
