ERA Realty eyes 40% increase in revenue amid boom in property transactions

Singapore

ERA Realty Network is on a roll, as it rides the momentum of the nation's gangbuster residential market.

The company, Singapore's second largest real estate agency is gunning for 40 per cent increase in revenue to S$550 million by early next year, in line with its 40th anniversary, senior executives said in an exclusive interview with The Business Times.

ERA Realty Network is the wholly owned subsidiary of mainboard-listed CLN : CLN 0% which posted revenue of S$395.1 million for 2020, up 6.9 per cent.

The goal for this year is to have revenue of S$450 million, said Marcus Chu, ERA Singapore's chief operating officer.

To incentivise its army of almost 8,000 agents, ERA is offering a lucky draw prize, a Tesla Model 3 elec…