APAC Realty is one of the leading players in the real estate brokerage industry in Asia. APAC Realty operates three main business segments – the real estate brokerage services; franchise agreements; and training, valuation and other ancillary services. In this post, I share more about the business model, recent developments related to the company and my views on the stock. Basic information APAC Realty traded at S$0.89 as of 8 June 2018. The peak was at S$1.26 on 9 Mar 2018 and was priced at S$0.78 during IPO on 29 Sept 2017. The present share price is 14% higher than IPO and 29% lower than its peak. How does APAC Realty earn money? There are 5 ways APAC Realty earns their revenue, according to their IPO prospectus. Primary project launches where developers pay the company project commissions for selling the developer’s properties Sellers paying commission to agents, who then have ......