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I'm not a housing agent, but some of my close frens are. I often notice comments here saying these agents make a lot of money. I do agree, but would also add that they work hard for their money. Not all of my frens do well, even if all of them worked hard. Some ended up going back to their full time jobs.
So I'm just curious,....if the real estate industry is so lucrative, why dun more people go and make these good money? It's simply bcos many people may not have what it takes to be a salesman, and hence are afraid to give up their regular income jobs. So no point envying these people who can make those good money.
No offense to anyone, just stating my opinion 😀
So I'm just curious,....if the real estate industry is so lucrative, why dun more people go and make these good money? It's simply bcos many people may not have what it takes to be a salesman, and hence are afraid to give up their regular income jobs. So no point envying these people who can make those good money.
No offense to anyone, just stating my opinion 😀
I also think Singapore housing agents are too well paid. This adds up the cost of buying and selling...Personal feelings..
honesty ( Date: 26-Apr-2022 15:11) Posted:
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Bro. This is very straightforward. If people are stupid enough to sell me at 57 cents. Then I just delist since got a good deal.
if no one stupid enough, I just stay as major shareholder and keep the listing status.
if no one stupid enough, I just stay as major shareholder and keep the listing status.
withoiut prejudice
more direct buyers are smart to get discount from high commission paid to agents and developers will be offering very low commsion to agents soon thus affecting agencies revenue. there are many agents now working other jobs due to the new cooling measures hitting foreign buyers, 2nd buyers from PR and sporeans and many now do part time real estate when time permits
big agencies no longer can make good money they used to
many small agences are doing well due to low overheads and willing to earn less comm to have developers give discount to their buyers yet without need to pay gst for resale homes
DYODD. move investments to Reits which are still the best buy and not affected by cooling measure unlike agencies
more direct buyers are smart to get discount from high commission paid to agents and developers will be offering very low commsion to agents soon thus affecting agencies revenue. there are many agents now working other jobs due to the new cooling measures hitting foreign buyers, 2nd buyers from PR and sporeans and many now do part time real estate when time permits
big agencies no longer can make good money they used to
many small agences are doing well due to low overheads and willing to earn less comm to have developers give discount to their buyers yet without need to pay gst for resale homes
DYODD. move investments to Reits which are still the best buy and not affected by cooling measure unlike agencies
They actually did mention their intention to delist the counter, but i don know how they going to achieve that....haha
Invest1 ( Date: 26-Apr-2022 13:39) Posted:
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Likely the new major shareholder just want a major share here. Dont have intention to privatise and keep current listing status, else how can offer lower than current market price.
of cos they knew no one will accept the offer price of 57cts while the last done is 80.5 cts, the unconditional offer just to comply with the take-overs and mergers rule.
I more curious about the reason why APAC boss agreed to sell the majority stakes at such huge discount? Margin call?
I more curious about the reason why APAC boss agreed to sell the majority stakes at such huge discount? Margin call?
wehuattogether88 ( Date: 26-Apr-2022 10:31) Posted:
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From Lim and Tan:
At S$0.805, market cap of APAC Realty is S$275.3mln, FY21 P/E is 7.8x, current P/B is 1.7x and FY21 dividend yield is 6.8%. Given that the offer price of $0.57 represents (S$0.61 if we include the 4 cents final dividend) a 29.2% discount to its last done share price of $0.805, we believe that this unconditional offer by Morgan Stanley Private Equity for APAC Realty will likely face strong resistance from minority shareholders
At S$0.805, market cap of APAC Realty is S$275.3mln, FY21 P/E is 7.8x, current P/B is 1.7x and FY21 dividend yield is 6.8%. Given that the offer price of $0.57 represents (S$0.61 if we include the 4 cents final dividend) a 29.2% discount to its last done share price of $0.805, we believe that this unconditional offer by Morgan Stanley Private Equity for APAC Realty will likely face strong resistance from minority shareholders
this one sibe jialak.. about 30% discount from the last close. omg what happen to this market. wew.
Low Ball offer by Morgan Stanley Private Equity Asia.
Morgan Stanley Private Equity Asia (MSPEA) has agreed to acquire 59.8% of the total outstanding shares of Singapore Exchange-listed APAC Realty Limited for a total consideration of approximately $129.5 million.
This is MSPEA?s first and only investment in real estate services sector in Southeast Asia.
The 59.8% shares are to be acquired from Asia Pacific Realty Holdings Ltd, an entity controlled by the Northstar Group, a Singapore headquartered private equity firm.
Morgan Stanley Private Equity Asia (MSPEA) has agreed to acquire 59.8% of the total outstanding shares of Singapore Exchange-listed APAC Realty Limited for a total consideration of approximately $129.5 million.
This is MSPEA?s first and only investment in real estate services sector in Southeast Asia.
The 59.8% shares are to be acquired from Asia Pacific Realty Holdings Ltd, an entity controlled by the Northstar Group, a Singapore headquartered private equity firm.
There might be possibility of APAC being buy out by bigger players. If that is true then must HUAT Big Big!
APAC Realty H2 profit more than doubles to S$18 mil as property transactions surge
MAINBOARD-LISTED real estate services provider APAC Realty APAC Realty: CLN -0.77% saw its earnings jump 111.3 per cent to S$18.3 million for the second half ended Dec 31, 2021, from S$8.7 million in the corresponding period a year ago.
This was on the back of a 71.5 per cent increase in total revenue to S$381.3 million in H2, driven by a surge in real estate brokerage fees and related services.
Brokerage income from the resale and rental of properties rose 48.2 per cent to S$229 million during the 6-month period, while fees from new home sales more than doubled to $147.3 million.
APAC Realty' s real estate brokerage services are operated by ERA Realty Network under the ERA franchise.
For the full year, APAC Realty logged a 115.3 per cent increase in earnings to S$35.4 million as revenue rose 87.2 per cent to S$739.8 million - marking the company' s best-ever results since its initial public offering in 2017.
The board has proposed a final dividend of 4 Singapore cents per share, payable on May 10.
" Our on-going digital transformation has propelled ERA into the forefront of the digital real estate industry, equipping ERA Trusted Agents with proprietary cutting-edge applications and data analytics to better serve today' s increasingly sophisticated and digitally discerning customer," said executive chairman Jack Chua.
APAC Realty said its market share of the new homes segment increased 4.8 percentage points to 33.7 per cent in FY2021, as the volume of new private residential units sold - including executive condominiums - rose 38.4 per cent to 15,146 units during the year.
It added that Singapore' s private residential resale market recorded a 87.9 per cent increase in sales volume to 20,530 units in FY2021 while the HDB resale market gained 25.3 per cent in sales volume to 31,017 units.
" Over the past few years, we have taken bold but measured steps to build a strong foundation to enhance our resilience and ability to deliver quality growth over the long-term. A key component of our strategy is our digitalisation and IT transformation roadmap which continues to evolve the way we interact and engage customers, enhancing the way our trusted agents deliver service excellence and quality advice," said chief executive of APAC Realty Marcus Chu.
Apac Realty reports 2021 net profit climbs 116 percent on-year to S$35.29 million, declared a final dividend of 4 cents.
I think APAC will not go above $0.70. People have to digest the cooling measures first.
simply propnex keeps sponsoring mercedes draw, condo draw ,monopoly draw and many etc. when agents make 4 to 9% commission from new projects and 2 to 4% for resale condo and hdb flats, these monies are good for both the agents and agencies
Apac just does not do it i thnk All these perhaps either it is called an incentive to lure buyers/sellers instead of the other more cruel word.
Wondering what is the difference when agents help clients by sharing their so high commission earned when developers could have given direct discount to buyers by deducting commission from agents.
its like a puzzle, MND and CEA should analyse thoroughly on the comm sharing by agents and agents get penalised and suspended when they do it. Perhaps agents can also do the same thing by saying sponsoring a purchase or sale by both buyers and sellers
spore should go for a single standard to ensure fair play, hopefully mnd and cea think over it again instead of making an agent jobless for months when get caught, its all in the news anyway
Apac just does not do it i thnk All these perhaps either it is called an incentive to lure buyers/sellers instead of the other more cruel word.
Wondering what is the difference when agents help clients by sharing their so high commission earned when developers could have given direct discount to buyers by deducting commission from agents.
its like a puzzle, MND and CEA should analyse thoroughly on the comm sharing by agents and agents get penalised and suspended when they do it. Perhaps agents can also do the same thing by saying sponsoring a purchase or sale by both buyers and sellers
spore should go for a single standard to ensure fair play, hopefully mnd and cea think over it again instead of making an agent jobless for months when get caught, its all in the news anyway
idwish ( Date: 16-Dec-2021 15:22) Posted:
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Any reasons for this one to be much lower than Propnex? Are they not comparable?
Mr Koh no longer there, he is now with break away newspaper group from SPH.
superstartup ( Date: 16-Dec-2021 09:42) Posted:
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with cooling measures expected to last a few years may drift this counter to below 60c.. will load when the impact felt maybe next year or two..on my counters watchlist now.. patience.. such a big gap down today will become a big resistance to clear in a few years.. HUAT..
Only Koh Boon Wan can do a good job, commenting in terms of implementation.
Regardless of right or wrong policy, but at least under him, implementation sure work.
Regardless of right or wrong policy, but at least under him, implementation sure work.
wehuattogether88 ( Date: 16-Dec-2021 09:20) Posted:
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Agreed on the timing.
honesty ( Date: 16-Dec-2021 09:36) Posted:
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