A new office opening in Brisbane by RE/MAX Australia has come at the same time the global real estate network announced it was entering the burgeoning markets of China, Hong Kong and Macau.
The new office in Brisbane, RE/MAX Community, is based in Sunnybank.
RE/MAX Australia’s regional director Michael Davoren said broker owner Paul Siaw, who had been in real estate for more than six years, was a welcome addition to the group’s network.
“We are very pleased to have Paul and his dynamic team join our extensive network,” he said.
Mr Davoren told Real Estate Business in May that the group was on the growth path in Australia, adding that while it had a strong presence in Queensland, more growth was needed in NSW, Victoria, South Australia and Tasmania.
Mr Siaw, who cited RE/MAX Australia’s “structure, systems, support [and] great culture” as reasons for joining the group, was previously a principal in another franchise group office.
The news comes as RE/MAX expands its global reach into Asia once again, this time with entry into China, Hong Kong and Macau, raising the overall country count to more than 85, a larger global footprint than any other national franchise real estate company.
The new RE/MAX China ownership group is based in Hong Kong.
"This expansion is a fantastic opportunity for RE/MAX agents in Australia to build cross-border business with other agents, as well as market listings to potential Chinese buyers," Mr Davoren added. “This is absolutely a win-win for everyone in the RE/MAX network,” he said.
The first RE/MAX offices are expected to open in China within the first quarter of 2013, and the China operations headquarters will be located in Beijing.
RE/MAX also opened Morocco, Thailand and the Philippines in 2012, a year in which the company has seen 300 worldwide franchise sales in the first half.