{"id":102658,"date":"2019-01-03T11:24:34","date_gmt":"2019-01-03T04:24:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-leading-property-broker-centaline-cries-foul-as-sino-land-sets-below-market-commission-rate\/"},"modified":"2019-01-03T13:03:25","modified_gmt":"2019-01-03T06:03:25","slug":"hong-kongs-leading-property-broker-centaline-cries-foul-as-sino-land-sets-below-market-commission-rate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-leading-property-broker-centaline-cries-foul-as-sino-land-sets-below-market-commission-rate\/","title":{"rendered":"Hong Kong\u2019s leading property broker Centaline cries foul as Sino Land sets below market commission rate"},"content":{"rendered":"


\nThe ties between Hong Kong\u2019s property developers and sales agents are fraying, as declining prices in a cooling market crimps profit margins, causing the two former partners to turn against each other.
\nOn December 29, Sino Land said it would pay just 1.7 per cent in commission fees for its Grand Central project in Kwun Tong, only after brokers had helped the developer to sell 1,345 flats and rake in HK$16.8 billion (US$2.1 billion), according to Centaline Property Agency, one of the city…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s leading property broker Centaline cries foul as Sino Land sets below market commission rate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The ties between Hong Kong\u2019s property developers and sales agents are fraying, as declining prices...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102658","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qHM","jetpack-related-posts":[{"id":120342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-two-biggest-property-agents-midland-and-centaline-to-reward-sales-reps-with-lai-see-to-drive-lunar-new-year-revenues\/","url_meta":{"origin":102658,"position":0},"title":"Hong Kong\u2019s two biggest property agents Midland and Centaline to reward sales reps with \u2018lai see\u2019 to drive Lunar New Year revenues","date":"February 12, 2021","format":false,"excerpt":"\r Hong Kong\u2019s two biggest real estate agents, Midland Realty and Centaline Property Agency, are ready to hand out \u201clai see\u201d money totalling about HK$900,000 (US$116,000) to their agents as an incentive to sell flats during the Lunar New Year holiday.Meanwhile, Henderson Land Development will give away lai see of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-centaline-property-agency-plans-further-legal-action-against-embattled-developers-hong-kong-subsidiary-to-recoup-unpaid-commission\/","url_meta":{"origin":102658,"position":1},"title":"Evergrande Crisis: Centaline Property Agency plans further legal action against embattled developer\u2019s Hong Kong subsidiary to recoup \u2018unpaid commission\u2019","date":"December 29, 2021","format":false,"excerpt":"\r Hong Kong\u2019s biggest property sales agency plans to take further legal action against a subsidiary of China Evergrande Group to recoup \u201cunpaid commission\u201d from the troubled developer.Centaline Property Agency said it will apply through the courts to chase HK$113 million (US$14.5 million) it claims it is owed by Evergrande\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121450,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-lived-in-home-prices-hit-new-high-as-economy-rebounds-from-social-unrest-coronavirus-according-to-centaline-property-index\/","url_meta":{"origin":102658,"position":2},"title":"Hong Kong\u2019s lived-in home prices hit new high as economy rebounds from social unrest, coronavirus, according to Centaline Property index","date":"August 14, 2021","format":false,"excerpt":"\r The first sign that Hong Kong home prices have reached new highs has emerged.The closely watched Centa-City Leading Index (CCL) has broken the previous record set two years ago as the economy recovers and coronavirus cases subside.The gauge of lived-in homes compiled by Centaline Property Agency stretched a three-week\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-buyers-fuel-25-of-hong-kong-home-sales-last-quarter-centaline\/","url_meta":{"origin":102658,"position":3},"title":"Mainland Chinese buyers fuel 25% of Hong Kong home sales last quarter: Centaline","date":"October 20, 2025","format":false,"excerpt":"\r Mainland Chinese homebuyers remain a strong driving force in Hong Kong\u2019s residential property market, spending HK$38 billion (US$4.9 billion) to account for 25 per cent of the city\u2019s total home transactions in the third quarter, according to Centaline Property Agency. Buyers with names in pinyin \u2013 the mainland\u2019s system\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-no-better-time-to-be-a-real-estate-agent-as-fees-soar-amid-hong-kongs-record-prices\/","url_meta":{"origin":102658,"position":4},"title":"There\u2019s no better time to be a real estate agent as fees soar amid Hong Kong\u2019s record prices","date":"March 29, 2018","format":false,"excerpt":"\r Hong Kong\u2019s two largest property agents, Centaline and Midland, enjoyed sharp increases in commission revenue generated in the city last year, as sales of new homes and prices surged to record highs. But market commentators are warning the sector\u2019s outlook remains clouded by uncertainty over rising interest rates, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-agencies-centaline-midland-forecast-property-sales-hitting-10-month-high-in-march\/","url_meta":{"origin":102658,"position":5},"title":"Hong Kong property agencies Centaline, Midland forecast property sales hitting 10-month high in March","date":"April 3, 2024","format":false,"excerpt":"\r Two of Hong Kong\u2019s largest real estate agencies say the total number of transactions could have breached the 5,000 deals mark last month, the highest level since May last year.\r \r Source : South China Morning Post\r Read more...Hong Kong property agencies Centaline, Midland forecast property sales hitting 10-month\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102658"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102658"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102658\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}