After Covid-19 brought the world to a standstill in mid-2020, a release in pent-up demand propelled ERA parent Apac Realty to earnings of $16.3 million for FY2020 ended Dec 31, 2020, up 17.8% y-o-y. Compared to declining figures in FY2019, Mainboard-listed Apac Realty’s revenue, gross profit, ebit and net profit all rebounded in FY2020.
Expecting property cooling measures is the new norm, says ERA Singapore CEO Marcus Chu, even as home prices settle into a ‘sustainable’ rate of increase
Five years and several property cooling measures ago, ERA Singapore top executives Jack Chua and Marcus Chu discussed “revenge home ownership” with The Edge Singapore.
