According to the company, the demand came largely from local buyers, young couples and HDB upgraders amid strong global liquidity and low interest rate environment.
SEE:APAC Realty on the alert for shifting regulations; eyes bigger regional presence
For 2021, APAC Realty has won the mandate to help market 23 new projects with a total of 8,745 units. Out of which, 10 projects have been launched.
“The group continues to take a long-term approach to its regional expansion strategy. Covid-19 continues to weigh heavily on the real estate markets in Indonesia, Thailand, Vietnam and Malaysia,” notes the company.
“However, the group remains positive on the long-term post-Covid outlook given the established ERA brand, strong reputation and quality sales teams on the ground.”
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APAC Realty shares on May 12 closed at 49 cents, up 2.08%.
