Laos is now part of APAC Realty’s ERA franchise

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Novo Place EC Tengah Plantation Close

APAC Realty, which operates the ERA brand and announced on the 21st of March that it had signed an ERA Master Franchise Agreement with ERA Laos Co. Ltd.

Novo Place EC Tengah Plantation Close situated at the heart of Bukit Batok Town and sits on a 12,4449.3 sq m site with a maximum Gross Floor Area (GFA) of 37,348 sq m.

According to the Agreement, ERA Laos is granted exclusive rights to run or grant memberships to operations of ERA members’ broker office in Laos. The agreement has an initial period of 25 years that begins the 21st of March. It can be renewed for an additional 25 years, subject to the satisfaction of the conditions stipulated in the Agreement.

It is now four in total the amount of nations APAC Realty has a presence in, including IndoChina. They four countries are Thailand, Vietnam, Cambodia and Laos.

APAC Realty possesses the exclusive ERA master franchise rights for 17 countries and territories across Asia Pacific. In addition to Laos APAC Realty now has over 21,900 employees operating in 647 offices spread across the 11 nations and regions.

“We are thrilled to be able to enter Laos by way of the franchise model, that will strengthen our presence within Laos’ Indochina Peninsular and advances our strategic growth strategies in the region by utilizing a capital-efficient method. We are confident in Ms. Manisone Saysompheng the CEO of ERA Laos, and her competent and experienced team as they strive to create a sustainable growth model during the post-pandemic period,” said Marcus Chu APAC Realty’s CEO. APAC Realty.

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