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ERA owners exploring IPO for S'pore's biggest property agency

Company's agents clocked 21.5% more transactions in 2016 than in 2015, surpassing market's 6.7% growth

ERA's rate of return "is enough to make our investors smile", said Northstar MD Patrick Walujo.

"This year, I am certain we will gain a bigger market share," said ERA chief executive Jack Chua.

NORTHSTAR Group said it is in the early stage of exploring an initial public offering of Singapore's biggest real estate agency ERA Realty Network, which has turned out to be one of its top-performing investments thus far.

But the Singapore-headquartered private equity firm remains mum...

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