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APAC Realty says real estate market transactions 'plunged' during circuit breaker measures in 1Q business update

Felicia Tan
Felicia Tan • 2 min read
APAC Realty says real estate market transactions 'plunged' during circuit breaker measures in 1Q business update
Listed real estate agency APAC Realty, which operates the ERA brand, said that real estate market transactions “plunged” in the months of April and May due to the circuit breaker measures, which ended on June 1.
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SINGAPORE (June 10): Listed real estate agency APAC Realty, which operates the ERA brand, said that real estate market transactions “plunged” in the months of April and May due to the circuit breaker measures, which ended on June 1.

Despite the “unprecedented challenges”, the agency achieved a healthy 39.8% share of the residential property market in 1Q20 ended March, up 1.9% compared to the 37.9% in 1Q19.

In its 1Q20 overview, ERA’s market share for new private homes and executive condominiums increased 5.2% y-o-y to 34.8%. Its market share for resale private homes and HDBs edged up 1.2% y-o-y to 41.4%.

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