The end of June brought an exciting expansion of TeamERA’s international footprint – we’re thrilled to share the news around the signing of a master franchise agreement with Eurocapital JSC, the property arm of Eurocapital Group, a private investment company based in Vietnam. The company will now do business as ERA Vietnam!
CEO Sue Yannaccone commented, “We are proud to add ERA Vietnam to our international portfolio. As a global company, we are continuously seeking to increase our footprint and this latest agreement fortifies the presence of the ERA franchise system in the Asia-Pacific region.”
Jack Chua, chief executive for ERA Asia-Pacific, also shared his thoughts: “Vietnam is an up and coming country that saw tremendous growth in home sales last year, due in large part to government measures to improve urbanization.” Chua noted that ERA Vietnam will benefit from strong referral channels with its ERA operations in Singapore, a popular target for Vietnamese residents purchasing properties abroad.
According to Tuan Thanh Pham, chief operating officer of ERA Vietnam, the brokerage operates three ERA-branded real estate offices with 150 affiliated sales associates serving Ho Chi Minh City. He anticipates the ability to tap into the area’s growth potential with expansion plans targeting Hanoi and Da Nang.
ERA Vietnam is now one of eight markets in which ERA Asia-Pacific operates, joined by Singapore, Japan, Korea, Taiwan, Thailand, Malaysia and Indonesia.
We’re excited to have these new members of TeamERA with us!