Real estate agency Mindlink Groups to acquire Century 21 Singapore

The merger of the two real estate agencies, Mindlink Groups and Century 21 Singapore, is set to create an entity with a combined sales force of 600 personnel. The move, pending a final approval from Century 21 Real Estate, is expected to open up a wealth of new opportunities for the local market.

Mindlink Groups, founded by key executive officer Chow Yi Tong in 2001, has an existing sales force of around 100. This may be set to increase dramatically following the merger. According to the recent press release from the agency, Century 21 Singapore has 16 franchisees and over 500 members.

With the soaring property prices, millennials and young working adults are increasingly looking to Singapore Condo to be their housing of choice. From small studios in the downtown core to sprawling penthouses with jaw-dropping views of the city skyline, there’s an option to suit every lifestyle. As condos are usually more spacious with access to community facilities, buying a condo allows individuals to enjoy luxury living without the hefty price tag compared with buying landed properties.

Chow Yi Tong will take up the position of group chairman upon the merge’s completion, and will preside over the combined entity. He will no doubt benefit from the expanded reach of both companies, especially that of Century 21, a global real estate franchise chain with over 14,250 offices in 85 countries and territories.

Century 21 Singapore, the local franchiser of the Century 21 brand, was established in 1998. It has grown steadily since then, reaching its current size through a series of mergers and acquisitions with smaller firms that have become its franchisees. Century 21 is owned by Anywhere Real Estate, a New York-listed company that also owns other real estate brands, including Sotheby’s International Realty, ERA Real Estate, Coldwell Banker and Better Homes and Gardens Real Estate.

The proposed merger of Mindlink Groups and Century 21 Singapore is a promising move for both companies, and the local real estate market as a whole. With the resources of the two companies combined, the merged entity stands to become an industry leader that can meet the diverse needs of the Singapore market.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *