APAC Realty positive debut shows confidence in property market

SINGAPORE (Sept 28): Real-estate broker APAC Realty is up as much as 11.4% on its debut on SGX on Thursday morning with 21.5 million shares changing hands.

This is another sign of investor confidence about a steady recovery in the city-state’s property market.

The company, which operates under the ERA brand, plans to give dividends of at least 50% of net profit through 2018, SGX says in a report that welcomes new IPOs.

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