APAC Realty reports 2Q19 net profit dropped 57 percent as cooling measures bite
APAC Realty reported Monday its second quarter net profit dropped 56.8 percent on-year to S$3.33 million as demand for residential properties was subdued.
APAC Realty reported Monday its second quarter net profit dropped 56.8 percent on-year to S$3.33 million as demand for residential properties was subdued.
These are Singapore stocks which may be in focus on Tuesday, 15 July 2019: Keppel REIT, SGX, Suntec REIT, Kingsmen Creatives and KIT.
Singapore’s residential property market took a hit last year from fresh cooling measures, but the outlook may have turned toward a Goldilocks scenario.
APAC Realty said Monday it entered a deal to invest S$1 million in convertible notes issued by AI-enabled property research platform UrbanZoom’s parent.
APAC Realty reported Monday its 1Q19 net profit dropped 70 percent on-year to S$1.78 million amid a “tepid” property market in Singapore.
These are Singapore companies which may be in focus Monday, 11 February 2019: SIA Engineering, Manulife US REIT, Ascendas REIT, No Signboard and Creative.
APAC Realty, which holds exclusive ERA regional master franchise rights in 17 Asia Pacific countries, said on Monday it entered partnerships in Indonesia and Thailand to expand its presence.
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RHB is keeping APAC Realty at Buy despite expectations that the Singapore government’s new cooling measures will dampen property sales and despite the listing of…