Topic of Interest: #ERA (133 Articles Found)

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Four shophouses in districts 1 and 2 put on the market

Four shophouses in CBD, including two at Tanjong Pagar, one at Telok Ayer and another at Pagoda St, have been put up for sale by ERA. All four are zoned for commercial use. The newly renovated conservation shophouse…

Buyers, property agents charged with evading higher stamp duty by backdating option to purchase

In the first prosecution of its kind, four people were charged on Fri with executing a backdated OTP in order to avoid paying higher ABSD. Those hauled to court were buyers Daniel Halim and Lee Liu Ying, both…

ERA unveils new overseas partnership, ground-breaking proptech tools

For the first time on Wed, ERA held its annual APAC Business Conference virtually. Second Minister for Finance and MND Indranee Rajah graced the virtual conference, which was attended by more than 18,000 trusted advisors across 10 countries.…

Indranee encourages real estate agencies to build trust and professionalism

Trust and professionalism are of importance to the real estate agency industry, said Second Minister for Finance and MND Indranee Rajah, encouraging property agencies and agents to raise professionalism in the sector. Speaking at the ERA APAC Business…

Fortune Park up for collective sale from $115 mil

Fortune Park, a freehold 10-storey residential block at 109 Tampines Road, will be up for collective sale through public tender by ERA at an indicative price of $115 million to $118 million. The DC is not payable because…

APAC Realty reports FY2020 earnings of $16.3 mil, up 17.8%

APAC Realty, which owns the ERA property agency here, has reported earnings of $16.3 million for the financial year ended Dec 31 2020, up 17.8% over the preceding FY2019. Revenue in the same period was $395.1 million, up…

He uses bank loans instead of CPF to buy property

Buying property is a huge leap, so doing proper research, planning and keeping enough cash on hand are important, says property industry executive Eugene Koh. Mr Koh’s preferred financing strategy is to take a bank loan on property…

199-year Boat Quay shophouse up for sale for S$27m

A 199-year leasehold conservation shophouse located at 31 South Bridge Road and 88 Circular Road in Boat Quay is up for sale via private treaty at S$27 million, ERA said on Fri. The two-storey asset sits on a…

Origami-inspired detached house at Siglap Plain for sale at $10.5 mil

A two-storey house with an attic and basement, inspired by the Japanese art of paper-folding or origami, is now on the market for $10.5 million, or $1,749 psf based on its land area of 6,003 sqft. The house…

APAC Realty changes use in IPO proceeds

APAC Realty says it will use the $2 million of the IPO proceeds that were initially allocated for the group’s working capital. Of the $2 million, $1.25 million will go towards the refurbishment of the ERA APAC Centre…

High Street Plaza near Singapore River launched for collective sale at S$239m

Mixed-use tower High Street Plaza was put on the market on Wed for collective sale via public tender. The reserve price for the 999-year leasehold building is S$239 million, ERA said. Located at 77 High St, the 11-storey…

ERA adopts digital signing for property contracts

ERA has adopted digital signing for property-related documents online. Clients can now virtually sign tenancy agreements, option to purchase letters for private properties, and CEA forms, among others. The company has said it will progressively roll out more…

Is the EC market immune to the pandemic?

Five new EC developments with about 2,800 units in total could be launched in the next three years. The first EC project to be launched will be the 700-unit Parc Central Residences by a JV between Hoi Hup…

East Coast pre-war bungalow for sale with S$19m guide price

A conservation bungalow at 25 Chapel Road has been put on the market via private treaty with a guide price of S$19 million, ERA told BT. The land area spans about 10,712 sqft while the built-up area totals…

Demand for city-fringe homes on the rise

The city fringe private residential market, commonly known as RCR is a diverse market comprising different planning areas. The sub-central market includes Geylang, Kallang and Marine Parade in the East, Bukit Merah and Outram in the South, Queenstown…

ERA’s market share in new homes segment up in Q3 2020

APAC Realty on Thurs revealed that ERA Realty’s estimated market share in the new homes segment climbed to 29.7% in the third quarter of 2020 from 29.5% over the same period last year. In Q3 2020, developers sold…

ERA Realty unveils new digital initiatives for agents and clients

ERA has announced new end-to-end digitalisation initiatives for its agents and customers. This was unveiled during its Q4 Career Advancement Day on Nov 11. “ERA is in full support of the government’s initiative to build a trusted digital…

ERA bolsters its virtual property marketing with 3D, AI

Over 17,300 real estate agents will get easy, low-cost access to 3D capabilities and AI technology in marketing properties virtually as ERA Singapore teams up with global 3D virtual tour leader Matterport. Matterport creates “digital twins” of properties…

Me & My Property: Look west for better rental yields

Second CBD in Jurong will create jobs and fuel demand for homes there, says ERA senior exec. The western part of Singapore is an up-and-coming area and holds promise for property buyers looking for better rental yields, says…

Good Class Bungalow at King Albert Park put on market for S$45.5m

A Good Class Bungalow (GCB) at 22A King Albert Park in District 21 is available for sale again, this time via private treaty and carrying a guide price of S$45.5 million, ERA told BT. The freehold property has…

Gothic-style industrial building launched for sale

The Mill, an industrial building located at 5, Jalan Kilang in Bukit Merah, has been launched for sale via private treaty for S$28 million, The AlvinChooSales Group of ERA told BT. Completed in 2017, the Neo-Gothic six-storey property…

Five-room unit at Pinnacle @ Duxton sold for $1.08 mil

On Sept 24, a five-room HDB flat at Pinnacle @ Duxton was sold for $1.08 million ($956 psf). It was the first time the 1,130 sqft flat was sold on the resale market. The seller was represented by…

Good Class Bungalow at Bishopsgate leased for record-smashing $150,000 a month

Located at a cul de sac on Bishopsgate is a newly completed Good Class Bungalow (GCB). It sits on a freehold site of just over 17,100 sqft, with a built-up area of 15,000 sqft. Word on the street…

Semi-detached house in Toh Tuck Road sold for $3.4 million in 8 minutes in virtual auction

It took only eight minutes for a two-storey semi-detached house in Toh Tuck Road to be sold for $3.4 million in a virtual auction. The freehold property at 69 Toh Tuck Road, which has a land area of…

ERA acquires listing rights on Chinese property portal Fang.com

ERA has acquired listing rights on Chinese property portal Fang.com, which has 80 million registered users and a monthly visitor count of 14.83 million for its Singapore property listings section. The move by ERA will help its 17,300…

APAC Realty’s subsidiary increases equity interest in SoReal Prop to 31.7% for $0.6 mil

APAC Realty has increased its equity interest to 31.7% from 28.7% in SoReal Prop. On Aug 19, APAC Realty’s wholly-owned subsidiary ERA subscribed for 605,175 ordinary shares in the enlarged share capital of SoReal Prop for a total…

ERA invests additional $4 mil to support agent’s business costs

ERA Singapore, a subsidiary of mainboard-listed APAC Realty, is committing an additional $4 million to support the business cost of more than 7,300 of its salespersons. This brings the total amount of its stimulus package during the Covid-19…

Weak outlook ahead keeps APAC Realty at ‘hold’: DBS

DBS Group Research continues to rate APAC Realty “hold”. This is despite the group recording a 52% y-o-y jump in 1H20 earnings to $7.8 million, with revenue increasing by 6% to $172.8 million, as it generated higher fees…

Five-room flat in Tiong Bahru View sold for $1.14 mil

In May this year, a 1,206 sqft HDB flat at Blk 9B Boon Tiong Road was sold for $1.14 million ($945 psf). This five-room flat had just reached its MOP at the start of this year. The transaction…

Penthouse at Meyer House sold at $13.8 mil

A 5,673 sqft, four-bedroom penthouse at luxury condominium project Meyer House was sold for $13.8 million ($2,434 psf) on July 16, according to a caveat lodged with URA Realis. This marks the first unit in the development that…

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