Real estate franchise firm RE/MAX has expanded its operations in Asia with office openings in China, Mongolia and Japan in recent months.
Master franchise RE/MAX China previously sold its first regional franchise, RE/MAX Beijing, to owners Catia Kong and husband Andy Gu (pictured), who opened the company’s first office in Beijing last year.
Shortly after, RE/MAX China sold RE/MAX Shanghai, RE/MAX Guangzhou and RE/MAX Shenzhen regional rights to Nathan Yang.
In February, RE/MAX sold master franchise RE/MAX Mongolia to principal directors Batbaatar Narantuya and his wife, Bujinkham Bold. Both seek to professionalise the mostly unregulated real estate market.
Last month, master franchise RE/MAX Japan sold its second regional franchise, RE/MAX Kansai, to the current owner of RE/MAX Osaka, Kazuya Moto-oka. Moto-oka will continue to serve as owner of both regional franchises and Machiko Kotani will serve as Chief Executive Officer. The RE/MAX Kansai team will continue creating opportunities for women in Japan by leveraging the company’s agent-centric business model.
Larry Oberly, Vice President of Global Development for RE/MAX, LLC, said: “Our top priorities for international development are to continue to provide professional real estate services across boarders and to revolutionise the real estate industry in each country.
“We’re happy with the progress made throughout Asia thus far and look forward to the many opportunities to come.”
RE/MAX in Asia currently consists of operations in China, Guam, India, Indonesia, Japan, Mongolia, Northern Mariana Islands, Palau, Philippines, Singapore, South Korea, Sri Lanka and Thailand. It is currently seeking franchise candidates for each of these countries, as well as Hong Kong, Macau, Myanmar, Taiwan and the Federated States of Micronesia.
It has a presence in nearly 100 countries and more than 6,740 independently owned and operated offices around the world with more than 100,000 sales associates.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
