PropNex to fire non-performing agents this week

PropNex to fire non-performing agents this week
 
SINGAPORE : One of Singapore’s biggest real estate agencies, PropNex Realty, is firing more than one-third of its agents.
 
According to its CEO, the move is aimed at cleaning up the profession.
 
PropNex is firing those who have been with them for over a year, but have yet to [...]

Developers offer agents fatter cuts to push projects

Developers offer agents fatter cuts to push projects
In some segments, commissions have doubled compared to a year ago
 
(SINGAPORE) Developers are paying property agents bigger commissions - in some cases almost double of what was offered a year ago - to push their new residential project launches.
 
This is because the environment for selling homes is [...]

CBRE S’pore earnings up 130% last year

CBRE S’pore earnings up 130% last year
Property consultancy sets up new business units for luxury homes, residential agency and hotels
 
CB RICHARD Ellis Singapore has set up three new businesses this year - luxury homes, a residential agency of associates to market projects for developers and a hotel business - to provide a stable and broader [...]

Home, sweet home

Home, sweet home
 
In Hong Kong, you are where you live
 
Friday • May 16, 2008
 
 
 
Topping my list of things to do the moment I touched down at Chek Lap Kok airport was to find a place to live.
 
Despite the dire warnings I had been given about how rents in Hong Kong are the [...]

What kind of paperwork deserves that much money for property agents?

What kind of paperwork deserves that much money for property agents? 
 
I WRITE to join Mr Patrick Sio’s discussion on the contentious issue of the 1 per cent property sales commission. Let me state that I am all for real estate agents who deserve their due. If a buyer has commissioned an agent to represent [...]

To pay or not to pay

To pay or not to pay
 
ONE week after The Straits Times reported that housing agency PropNex was suing two independent home buyers for not paying its agent a fee, the firm withdrew its case.
 
The agent, Mr Ricky Low Yong Sern, had been hired by the seller of a $400,000 terrace house in Whampoa which marketing [...]

Split property sales commission in two parts

Split property sales commission in two parts
 
IT IS heartening to learn that the court dispute between PropNex and Mr and Mrs Loh Yi Min has been settled amicably.
 
We can learn something from this incident. When a property agent undertakes work for either the seller or the buyer or both, he does it for a [...]

Fee dispute: PropNex drops lawsuit against couple

Fee dispute: PropNex drops lawsuit against couple
 
By Tan Hui Yee
 
PROPERTY company PropNex is dropping its lawsuit against a couple who refused to pay the seller’s agent the 1 per cent commission after buying a home.
 
Both sides reached an agreement after a mediation session on Tuesday, which PropNex said yielded a ‘win-win’ conclusion. They [...]

Reach out to your customers the smart way

Reach out to your customers the smart way
 
BUSINESSES in Singapore are learning to tap infocomm to transform their processes and gear themselves up to take advantage of new market opportunities. An example is real estate company HSR, which pioneered a new way for its agents to help buyers find their dream home using a system [...]

JLL re-entering housing project sales business

JLL re-entering housing project sales business
 
JONES Lang LaSalle (JLL) is poised to re-enter the Singapore residential project sales business after a hiatus of about seven years.
 
It has clinched appointments to market Floridian, a 336-unit freehold condo development in Bukit Timah by Far East Organization and Wing Tai Holdings, as well as Lippo’s Centennia Suites at [...]