{"id":96954,"date":"2018-08-30T14:18:41","date_gmt":"2018-08-30T07:18:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/apac-realty-expands-into-china-with-hainan-jv\/"},"modified":"2018-08-30T15:02:48","modified_gmt":"2018-08-30T08:02:48","slug":"apac-realty-expands-into-china-with-hainan-jv","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/apac-realty-expands-into-china-with-hainan-jv\/","title":{"rendered":"APAC Realty expands into China with Hainan JV"},"content":{"rendered":"<p>&#013;<br \/>\nIn a bid to penetrate the China market, APAC Realty Limited entered into a joint venture (JV) agreement with two Chinese companies \u2013 Zhong Zhi Sheng He Real Estate Investment Consulting Co and Bei Guo Tou (Shanghai) Equity Investment and Fund Management Co.<br \/>\n\u00a0Dubbed ERA Hainan Real Estate Marketing Co, the new JV will conduct brokerage and resale brokerage businesses, as well as establish training for and licensing of real estate agents in Hainan.<br \/>\n\u00a0APAC Realty noted that the full range of real estate agency service is \u201csimilar to those offered in Singapore such as brokerage services covering new sales, resales and leasing in the residential and commercial sectors\u201d.<br \/>\n\u00a0APAC Realty and Zhong Zhi Sheng He Real Estate Investment Consulting Co will each hold a 40 percent stake in the JV, while Bei Guo Tou (Shanghai) Equity Investment and Fund Management Co will own the remaining 20 percent.<br \/>\n\u00a0The JV has a registered share capital of 20 million yuan or about S$4 million.<br \/>\n\u00a0As part of the agreement, \u201call existing project-sale businesses from Zhong Zhi Sheng He Real Estate Investment will be transferred to the new joint venture\u201d.<\/p>\n<p>\u00a0With about 50 employees, Zhong Zhi Sheng He Real Estate Investment has been engaged in the business of real estate consultancy and marketing services.<br \/>\n\u00a0In fact, it has secured the rights to market six upcoming projects by R&amp;F Properties, Agile Group, Country Garden, Vanke, Poly Real Estate and Sunac.\u00a0<br \/>\nBei Guo Tou Equity Investment and Fund Management, on the other hand, specialises in investment advisory; equity investment and asset management; business consultancy; and management services. Incorporated in 2013, the company is currently a \u201cshareholder of Clear Water Bay International Information Industrial Park, a high-tech industrial park approved by the Hainan provincial government\u201d.<br \/>\n\u00a0APAC Realty\u2019s venture into the Hainan comes after the introduction of property cooling measures.<br \/>\n\u00a0\u201cAccording to the latest measures, those who wish to buy units in Hainan must provide proof of at least one family member paying taxes or social security for 60 months there. In the central mountainous region, non-local buyers are unable to purchase any property,\u201d revealed APAC Realty in a release.<br \/>\n\u201cNon-Hainan residents aiming to buy homes in any other part of the province must provide proof of at least one family member paying taxes or social security for at least 24 months in Hainan.\u201d<\/p>\n<p>APAC Realty CEO Jack Chua, however, believes the measures will \u201chelp ensure a sustainable transaction volume and price appreciation in light of the government\u2019s plan to establish a free trade zone in Hainan by 2020, which will see more international and regional investments in the province\u2019s economy.\u201d<br \/>\nEugenia Rosaline Shlaen edited this story. To contact her about this or other stories, email eugenia@propertyguru.com.sg&#013;<br \/>\n&#013;<br \/>\nSource : proppertyguru.com.sg\/Property Market&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.propertyguru.com.sg\/property-management-news\/2018\/8\/174268\/apac-realty-expands-into-china-with-hainan-jv\" target=\"_blank\">APAC Realty expands into China with Hainan JV<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; In a bid to penetrate the China market, APAC Realty Limited entered into a joint&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-96954","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-pdM","jetpack-related-posts":[{"id":107760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/apac-realty-non-brokerage-income-stream-a-buffer-during-property-downcycle\/","url_meta":{"origin":96954,"position":0},"title":"APAC Realty non-brokerage income stream a buffer during property downcycle","date":"June 4, 2019","format":false,"excerpt":"\r Jack Chua, executive director and chief executive officer of APAC Realty. APAC Realty Limited is poised to have a stable future as non-brokerages income stream provide some buffer to its transaction-based business. The company\u2019s non-brokerage stream, which comprises its property valuation, training and management arms, accounted for 15.8 percent\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82671,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/apac-realty-mln-join-forces-to-target-wealthy-chinese-property-buyers\/","url_meta":{"origin":96954,"position":1},"title":"APAC Realty, MLN join forces to target wealthy Chinese property buyers","date":"March 14, 2018","format":false,"excerpt":"\r Jack Chua, executive director and CEO of APAC Realty. Singapore-listed real estate brokerage APAC Realty, which operates under the ERA brand, on Wednesday (14 Mar) inked a partnership agreement with MLN Overseas (Singapore), a leading real estate company in China, to bring more wealthy Chinese buyers into Singapore, Bangkok\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2201,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cross-border-investors-in-apac-prefer-liquid-markets-in-2016\/","url_meta":{"origin":96954,"position":2},"title":"Cross-border investors in APAC prefer liquid markets in 2016","date":"January 21, 2016","format":false,"excerpt":"\r Australia, Japan and China are the solid\u00a0choices Over the next 12 months, global cross-border investors in Asia-Pacific are expected to maintain their confidence in the region, despite some economic concerns, per the latest \u2018Global Investor Outlook Report 2016\u2019\u00a0from Colliers International. Among the top priority markets in the region are\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Colliers-International.png?fit=740%2C440&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":67144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/era-realty-to-relist-in-singapore\/","url_meta":{"origin":96954,"position":3},"title":"ERA Realty to relist in Singapore","date":"September 22, 2017","format":false,"excerpt":"\r ERA Realty\u2019s CEO Jack Chua. ERA Realty Network, the second biggest property agency here by agent numbers, plans to relist on the Singapore Exchange (SGX) to take advantage of the anticipated recovery in the housing market, reported the Business Times. The firm and other related businesses will be floated\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/apac-realty-receives-strong-investor-interest-at-ipo\/","url_meta":{"origin":96954,"position":4},"title":"APAC Realty receives strong investor interest at IPO","date":"September 28, 2017","format":false,"excerpt":"\r APAC Realty Limited, which operates under the ERA brand, received robust investor interest for its shares during its initial public offering (IPO), with the public offering and international placement being 26.0 times and 13.4 times subscribed, respectively. The company offered an international placement of 44.5 million shares and a\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-realty-aims-to-raise-40m-in-ipo\/","url_meta":{"origin":96954,"position":5},"title":"PropNex Realty aims to raise $40m in IPO","date":"June 4, 2018","format":false,"excerpt":"\r PropNex Realty\u2019s CEO, Ismail Gafoor. In a bid to replicate the success of its rival APAC Realty, Singapore\u2019s largest property agency PropNex Realty plans to launch an initial public offering (IPO) that will raise about $40 million, reported Bloomberg recently citing anonymous sources. APAC Realty raised $58 million during\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96954"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=96954"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96954\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=96954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=96954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=96954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}