Company Highlights
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APAC
REALTY LIMITED (“APAC”) is a holistic real estate services provider focused
mainly in Singapore. Its brokerage service, operating under the ERA brand, is
residential segment market leader in Singapore with 37.5% share in terms of
total transaction value for FY16.
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The
Group offers a better proxy for investors looking to tap into the surge in
Singapore residential volumes, as earnings of the Group are predominantly
volume-driven.
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Last
year, the Group’s total transaction value – excluding HDB leasing – stood at
SGD17.2bn out of the SGD45.8bn total. Market share as a percentage of total
transaction has been steadily increasing to 37.5% (2016) from 25.7% (2012),
with project marketing seeing the biggest growth.
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As
at 10 Jul, it has the second-largest agent network with a total of 6,176
agents, ie 21% of market total
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APAC
Realty net cash position offers room for inorganic growth and higher
dividend payouts in the future. The Group intends to payout at least 50% of
after tax net profit as dividends for FY17 (from the listing date) and FY18
* Ipotrust is currently working on retailers tranche for Apac Realty Limited IPO.
Updates : 22/09/2017
APAC Realty Limited public offering makes up of only 4.4Mil shares or 9% of the 48.9Mil shares offered. 44.9Mil placement shares went to Cornerstone investors. The company is also rewarding its agents from the public offering. There is a limited supply of retailer tranche going around for distribution. Even accredited investors are not successful in this IPO. IPOTRUST was not given the IPO shares to distribute to its members.
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