|
|
|
HOME SALES RISE TO RECORD LEVELS IN SINGAPORE ERA® Singapore posts record sales in 1998 Singapore (February 19, 1999) – Despite a year of economic turmoil throughout Southeast Asia, residents of Singapore bought homes at a record pace in 1998. ERA® Realty Network of Singapore posted home sales of $3.7 billion (approximately $2.25 billion USD), a 19% increase over 1997 sales figures. The announcement of the record was made at ERA Singapore's annual Business Conference. The conference also produced other news for ERA in Singapore, including an innovative property information service that includes daily updates of sales statistics and property listings through TCS, Singapore's largest cable system. Over 900,000 Singapore residents subscribe to TCS, and all will have access to the service. "We are obviously very excited about the 1998 reports, and are looking forward to continued growth and service opportunities in Singapore," said Dave Mathis, ERA Director of International Franchise Service. In addition to selling homes, associates of ERA/Singapore managed to raise $1.35 million (USD $810,000) for local charities. Also, ERA Singapore's edition of the ANSWERS® book, designed to answer the many questions consumers have regarding the buying and selling of homes, will now be available as two separate books – one for buyers and one for sellers. ERA Singapore began operations in 1982, and is an independently owned and operated member of ERA Franchise Systems LLC, a subsidiary of CENDANT Corporation (NYSE: CD). ERA Real Estate is a leader in the residential real estate industry with over 25 years of experience in developing consumer-oriented products and services. The ERA Real Estate network includes more than 2,600 independently owned and operated brokerage offices with more than 28,000 brokers and sales associates throughout the United States and 19 other countries and territories. ERA is available to consumers on the Internet at www.ERA.com.
|
