Singaporeans’ love affair with property has been well-documented.
High demand for homes for staying and for investments has pushed HDB resale prices for the 31st straight month in January this year.
As Singapore also faces a limited supply of homes, rental rates here are poised to catch up with Hong Kong, with analysts projecting that rates could rise another 10% to 15% in 2023.
If you want to benefit from this long-term trend, you should look at parking some money in real estate through the intermediaries – the real estate brokerages.
These brokerages have benefitted from this trend as they deploy their salespeople to handle a myriad of property transactions.
We decided to dig deeper into PropNex (SGX: OYY) and APAC Realty (SGX: CLN) to better understand which makes the better investment.
Number of salespeople
The number of salespeople a brokerage has is a good reflection of its reach.
With a larger sales force, the business can help with a...