Apac Realty ties up with NexUS Global Realty to grow cross-border real estate transactions

APAC Realty, which operates the ERA real estate agency franchise, has signed a memorandum of understanding with United States-based NexUS Global Realty to expand cross-border real estate transactions.

In a filing on Thursday (Oct 3), the real estate services provider said the collaboration “aims to strengthen relationships between agents and investors while creating new opportunities for clients in both regions”.

Currently, NexUS Global Realty serves as the gateway office of ERA Franchise Systems, which oversees and manages the ERA brand globally, added Apac Realty.

The office also facilitates transactions and provides value-added services to agents, clients and offices in Asia and North America.

The new agreement will “strengthen the business lines for both parties in establishing a framework to enhance cross-border real estate transactions and service delivery” by leveraging the company’s exclusive regional master franchise rights for ERA in Asia-Pacific and NexUS Global Realty’s networks in the US, the statement noted. Apac Realty owns ERA regional master franchise rights for 17 countries and territories in Asia-Pacific.

Apac Realty’s chief executive officer Marcus Chu said: “Our partnership will enable us to offer premium solutions to homeowners and agents from both markets, ensuring a seamless navigation of international real estate transactions by enhancing the overall experience.”

Larry Eu, NexUS Global Realty’s vice-chairman, noted: “By serving as a trusted gateway, we leverage our unparalleled real estate expertise and proven investment methodologies to provide value-added services that ensure smooth cross-border transactions.”

The move follows Apac Realty’s recent expansion in the region. In April, it entered the Philippines market through an ERA franchise agreement with Upper Room Realty in Manila.

Under this arrangement, Upper Room has the right to operate or grant memberships to operate ERA member broker offices in Metro Manila for an initial period of 15 years, while Apac Realty has the option to buy up to 20 per cent of the shares in Upper Room within three years from the franchise agreement date.

SEE ALSO

Apac Realty H1 net profit falls 18.7% to S$4.1 million

In September 2023, Apac Realty was granted the ERA Queensland master franchise, allowing it to focus on off-plan projects, high-end properties, general residential properties, property management, as well as the sale and leasing of commercial properties.