Singapore, 14 March 2018 – 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 had signed a partnership agreement today to provide Chinese property buyers, one-stop real estate services in different countries such as Singapore, Thailand and Malaysia.
APAC Realty will assist clients of MLN Overseas (Singapore) Private Limited through this strategic partnership, to lease out or resell their overseas properties through one of its subsidiaries, ERA Realty Network and its affiliates, located in Asia Pacific in eight other countries.
MLN Overseas (Singapore) Private Limited, one of the leading overseas real estate companies from China, and the only establishment to have branches in South East Asia. In the past two years, MLN Overseas (Singapore) Private Limited already had a total of 1,600 units of properties’ sales transactions in Malaysia, Thailand and other South East Asian countries to Chinese customers.
There are 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.
Working closely with ERA Singapore, Malaysia and Thailand, to date, ERA Malaysia has four offices with 150 agents, while ERA Thailand has 20 offices with 480 agents who 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.