Topic of Interest: #Agents (816 Articles Found)

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More safeguards needed for tenants’ rental deposits

There are system loopholes in tenancy practices in the residential property market, in particular the protection of tenants’ rental deposits. My landlord collaborated with his agent to hold back and unfairly deduct from my deposit after my tenancy…

PropNex acquires PropTech platform Ovvy

PropNex has acquired a 70% stake in Ovvy, a tech platform that will allow its agents to provide value-added services to its clients. PropNex salespersons will be able to provide further services via Ovvy’s hundreds of merchants that…

Property agents must give clients accurate, unbiased advice

When advising clients on property purchases, real estate salespersons – also known as property agents – must give accurate and unbiased advice taking into account the interests of their clients, including relevant factors such as affordability, said MND…

Knight Frank appoints Christine Li as head of research, Asia Pacific

Knight Frank has appointed Christine Li as head of research, APAC, based in Singapore. In her new role, Li will oversee the research teams across the region in forecasting key trends and bringing quality insights to clients across…

Mok Sze Sze joins SRI as Managing Partner of SRI Auction

SRI announced that Mok Sze Sze has joined the company as Managing Partner of SRI Auction. “Her team brings along more than 50 years of experience in the real estate industry,” said SRI. It noted that Mok Sze…

CBRE leads commercial real estate investment sales in 2020: RCA

RCA has named CBRE as number one in commercial real estate investment sales in 2020 with an overall 33.6% market share across all property types. RCA credited CBRE with 24.2% of market share across all property types on…

Huttons names new Legal Counsel, Head of Training and Special Projects

Huttons Group has appointed Yeo Chin Hao as its new Legal Counsel and Shaun Tan as Head of Training and Special Projects. Aside from leading Huttons in all legal aspects, Yeo will also provide consultation to improve the…

SLP Scotia wound up as part of restructuring and ‘evolving priorities’, says SLP International

The dissolution of real estate agency SLP Scotia Pte Ltd is expected to be completed by Mar 19. SLP Scotia Pte Ltd, a wholly-owned subsidiary of SLP intl Property Consultants Pte Ltd, had applied for voluntary liquidation, according…

Buyers, property agents charged with evading higher stamp duty by backdating option to purchase

In the first prosecution of its kind, four people were charged on Fri with executing a backdated OTP in order to avoid paying higher ABSD. Those hauled to court were buyers Daniel Halim and Lee Liu Ying, both…

ERA unveils new overseas partnership, ground-breaking proptech tools

For the first time on Wed, ERA held its annual APAC Business Conference virtually. Second Minister for Finance and MND Indranee Rajah graced the virtual conference, which was attended by more than 18,000 trusted advisors across 10 countries.…

Indranee encourages real estate agencies to build trust and professionalism

Trust and professionalism are of importance to the real estate agency industry, said Second Minister for Finance and MND Indranee Rajah, encouraging property agencies and agents to raise professionalism in the sector. Speaking at the ERA APAC Business…

PropNex profits grew 47% in 2020, crosses 9,000 mark in sales force

PropNex reported a 47.8% y-o-y growth in net profit after tax for the last fiscal year which ended on 31 Dec. This amounts to $31.2m, led by the domestic demand in both private residential and public housing segments.…

APAC Realty reports FY2020 earnings of $16.3 mil, up 17.8%

APAC Realty, which owns the ERA property agency here, has reported earnings of $16.3 million for the financial year ended Dec 31 2020, up 17.8% over the preceding FY2019. Revenue in the same period was $395.1 million, up…

He uses bank loans instead of CPF to buy property

Buying property is a huge leap, so doing proper research, planning and keeping enough cash on hand are important, says property industry executive Eugene Koh. Mr Koh’s preferred financing strategy is to take a bank loan on property…

URA is asking questions about property agent commissions; Here’s how it could affect you

Property developers have been grumbling of late, and we’re not talking about potential new cooling measures. The gripe has been about property agent commissions, and how they’ve been growing over the years. In recent news however, agents and…

URA looking into property agents’ commissions, say sources

URA is sussing out the latest commission rates that developers pay to agents to sell new private residential properties in Singapore, BT understands. Industry participants told BT that URA recently queried housing developers on how much they are…

Spike in property agent commissions may draw greater scrutiny given its wider impact

Singapore’s physical property market has been resilient, but this has not been reflected in the share prices of the listed developers. Shares of CapitaLand and City Developments, two of the largest local players, have declined nearly 10 per…

PropNex to sell entire stake in property management arm PPMC

PropNex on Mon announced that it is looking to sell its stake in its property mgmt arm for S$1,018,000. PropNex Realty – along with shareholder Lawrence February Mila Manalac – entered into a sale and purchase agreement with…

Colliers beefs up occupier services team with two appointments

Colliers Intl has appointed Bastiaan van Beijsterveldt and June Chua as executive directors. The former will step up as the head of occupier services in Singapore, while the latter will be the head of tenant representation for its…

PropNex launches world-first Monopoly PropNex Edition in Singapore

PropNex has launched their own version of the popular Hasbro licenced Monopoly boardgame. The new Monopoly PropNex Edition has been curated to include familiar elements of the local property market. It also serves as an experiential learning tool…

Sold: Property agent croons as he showcases Hougang flat in Marry Me Today parody

Not only did one local property agent close a sale, he also won netizens’ hearts — all thanks to his creative parody of Mandopop hit Marry Me Today. Playing the part of a groom, complete with a suit…

Knight Frank hires new director for workplace and strategic consulting

Knight Frank APAC has hired Samarth Kasturia as its director and APAC lead for workplace & strategic consulting to its regional headquarters in Singapore. Kasturia is a trained architect with a Master’s Degree in Finance and Investment, specialising…

OrangeTee & Tie restructures and accelerates digital transformation

OrangeTee & Tie (OTT) has undergone a restructuring exercise to accelerate its digital transformation, strengthen its talent pool and improve its overall operational standards and efficiency, the firm said. Under the restructuring, the company’s agency and project divisions…

OrangeTee & Tie CEO thinks cooling measures unlikely; weighs in on HDB ‘lottery’ effect

Residential property prices in Singapore will probably go on a stable and gradual uptrend, instead of “shooting up”, due to a K-shaped economic recovery. That’s according to OrangeTee & Tie CEO Steven Tan, who does not expect the…

SRI crosses 1,000 agents, expands into auction business

Singapore’s fifth-largest real estate agency, SRI achieved a major milestone this month when the number of agents crossed 1,000. As at Jan 11, SRI has 1,004 agents and the number could be higher by the end of the…

APAC Realty changes use in IPO proceeds

APAC Realty says it will use the $2 million of the IPO proceeds that were initially allocated for the group’s working capital. Of the $2 million, $1.25 million will go towards the refurbishment of the ERA APAC Centre…

ERA adopts digital signing for property contracts

ERA has adopted digital signing for property-related documents online. Clients can now virtually sign tenancy agreements, option to purchase letters for private properties, and CEA forms, among others. The company has said it will progressively roll out more…

JLL appoints new country heads for Singapore and Thailand

JLL has appointed Chris Archibold as country head, Singapore, and Michael Glancy to succeed Suphin Mechuchep as country head, Thailand. Mechuchep will step into a new role as chairperson for Thailand. The leadership changes are effective Jan 2021,…

C&W’s Christine Li to join Knight Frank; Colliers hires JLL’s Joseph Yee

Singapore’s property circles have been seeing several executive moves of late, involving industry veterans. Christine Li, head of research for Singapore and SEA at C&W, will be leaving after close to two years in that role. She is…

Property developers, real estate agencies to see better earnings, dividends in 2021: RHB

As the fundamentals of the property market continue to improve, property developers and real estate agencies should enjoy an improvement in their bottom lines this year, according to RHB Securities. The brokerage notes that new home sales has…

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