About 11 years ago – I was assisting clients to sell their private properties. The property market was buoyant with soaring prices. Both local and foreign Investors back then regarded Singapore property as a safe haven. They were flooding the property market. You are able to invest 2 or more properties without having to incur additional buying stamp duty (ABSD) You just needed to be a guarantor and show the banks the available funds to qualify for a mortgage loan. In those days – you Read More
General
3 Unique Challenges of Being a Property Agent in Singapore
As of 1st January 2019, there are 29,146 licensed property agents in Singapore. We are in a highly regulated industry in Singapore with CEA as the government statutory board that regulates all our behaviour. About 30,000 agents serving this tiny island of Singapore. What does that tell you? The 80/20 Rule Have you heard of the Pareto Principle? Based on this, it means only 20% of agents are actually taking 80% of the listings. And the remaining 20% of the listings are spread across the Read More