SINGAPORE – APAC Realty Limited (“APAC Realty”, the “Company” or together with its subsidiaries, the “Group”) and MLN Overseas (Singapore) Private Limited 明良海外置业 today signed a partnership agreement entering into a partnership to provide property buyers from China one-stop real estate services in Singapore, Thailand and Malaysia.
Through this strategic partnership, APAC Realty will help clients of MLN Overseas (Singapore) Private Limited to lease out or resell their overseas properties in these markets through one of its subsidiaries, ERA Realty Network and its affiliates in Asia Pacific in eight other countries.
MLN Overseas (Singapore) Private Limited is one of the leading overseas real estate companies from China, and the only establishment in the country to have branches in South East Asia. In the past two years, MLN Overseas (Singapore) Private Limited has successfully sold about 1,600 units of properties in Malaysia, Thailand and other South East Asian countries to Chinese customers.
“We are extremely excited and thankful for the trust MLN Overseas (Singapore) Private Limited has placed in APAC Realty and ERA. Boasting a vast network of close to 17,500 professional real estate salespersons across Singapore, Indonesia, Japan, Korea, Malaysia, Taiwan, Thailand, Vietnam and now Cambodia, we are confident we can offer first-rate real estate services for the clients,” said Mr. Jack Chua, Executive Director and Chief Executive Officer of APAC Realty.
Ms. Juliet Zhu, President and Executive Director of MLN Overseas (Singapore) Private Limited said, “We are proud to be working with APAC Realty, a leading real estate service provider in Asia Pacific. Chinese property buyers are concerned about after-sale services as they are unable to manage their overseas properties in person. With APAC Realty’s strong brand presence and stellar track record, we can assure our clients that their overseas investments are carefully managed.”
“Currently, we have more than 1,000 units of properties in Malaysia and more than 400 units in Thailand waiting to be leased out or resold, all of which will be marketed through ERA Network in Asia Pacific to interested tenants or buyers. We are also receiving more and more enquiries from Chinese property buyers about the properties in Singapore. We look forward to working closely with ERA Singapore, Malaysia and Thailand,” Juliet added.
To date, ERA Malaysia has four offices with 150 agents, while ERA Thailand has 20 offices with 480 agents. They will help to market the following projects:
|Forest City – Country Garden||Johor, Malaysia|
|Agile Mont Kiara||Kuala Lumpur, Malaysia|
|Star Residence||Kuala Lumpur, Malaysia|
|Tropicana The Residence||Petaling Jaya, Malaysia|
|The Face||Kuala Lumpur, Malaysia|
|Excel Hideaway||Bangkok, Thailand|
|City Life||Phuket, Thailand|
|Grand Himalai||Phuket, Thailand|
|A Space||Bangkok, Thailand|
|Metris Ladprao||Bangkok, Thailand|
|Sea Saran||Pattaya, Thailand|
|Sea Zen||Pattaya, Thailand|
|Avenue Venice||Bangkok, Thailand|
|Niche Mono||Bangkok, Thailand|
|Ekkamai 888||Bangkok, Thailand|
|Maestro 19||Bangkok, Thailand|
|Punna||Chiang Mai, Thailand|
According to a recent report on China’s global property investment trend, Chinese buyers spent over USD100 billion (SGD131 billion) on overseas properties in 2017. Recent figures also indicated that Chinese overseas real estate investment is picking up again. The trend is expected to rise as the Belt and Road Initiative comes into fruition.
Article Contributed by APAC Realty Limited.