{"id":114922,"date":"2020-03-15T13:00:15","date_gmt":"2020-03-15T06:00:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-agents-are-quitting-the-industry-as-commissions-slide-70-per-cent-in-a-shrinking-market\/"},"modified":"2020-03-15T13:04:56","modified_gmt":"2020-03-15T06:04:56","slug":"hong-kong-property-agents-are-quitting-the-industry-as-commissions-slide-70-per-cent-in-a-shrinking-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-agents-are-quitting-the-industry-as-commissions-slide-70-per-cent-in-a-shrinking-market\/","title":{"rendered":"Hong Kong property agents are quitting the industry as commissions slide 70 per cent in a shrinking market"},"content":{"rendered":"


\nHong Kong\u2019s property agents are bracing for the long haul as a shrinking market dents their take-home pay and forces some to quit the industry.Salaries, which are largely anchored by sales commissions, have dropped about two thirds in the current market slump, according to some agents, after buyers shunned showrooms and flat viewings this year to avoid contracting Covid-19.Falling stock prices and job losses have dented the wealth of homebuyers and investors, causing many to batten down the\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong property agents are quitting the industry as commissions slide 70 per cent in a shrinking market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s property agents are bracing for the long haul as a shrinking market dents...<\/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-114922","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-tTA","jetpack-related-posts":[{"id":170480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-sales-slide-in-january-but-agents-eye-lunar-new-year-mini-boom\/","url_meta":{"origin":114922,"position":0},"title":"Hong Kong home sales slide in January, but agents eye Lunar New Year \u2018mini-boom\u2019","date":"February 3, 2026","format":false,"excerpt":"\r Hong Kong\u2019s property transactions slipped in January, official data showed, but agents are betting on a Lunar New Year \u201cmini-boom\u201d after several new-home launches sold out in recent weeks. Deals covering new and existing homes, offices, shops, car parking spaces and industrial units fell 15.2 per cent month on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87859,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-speed-up-sale-of-empty-flats-as-plans-for-vacancy-tax-gathers-steam\/","url_meta":{"origin":114922,"position":1},"title":"Hong Kong developers speed up sale of empty flats as plans for vacancy tax gathers steam","date":"May 12, 2018","format":false,"excerpt":"\r Last week, property agent Alvin Tai brought three clients to view four units on the 85th floor of the Cullinan luxury development near Kowloon MTR station that has been left unsold by the developer Sun Hung Kai Properties for more than 10 years, in the hope of closing deals\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-hoteliers-can-forget-about-v-shaped-recovery-as-coronavirus-brings-new-norm-to-industry\/","url_meta":{"origin":114922,"position":2},"title":"Hong Kong hoteliers can forget about V-shaped recovery as coronavirus brings new norm to industry","date":"March 31, 2020","format":false,"excerpt":"\r The onslaught of social unrest and coronavirus pandemic have changed the travel patterns in Hong Kong, bringing along permanent changes to the hotel industry. It\u2019s hard to see a swift rebound from this one-two punch.Visitor arrivals fell 52.7 per cent to 3.2 million in January 2020 from a year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10940,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-real-estate-agents-face-tough-times-as-home-sales-drop-39-per-cent-in-first-quarter\/","url_meta":{"origin":114922,"position":3},"title":"Hong Kong real estate agents face tough times as home sales drop 39 per cent in first quarter","date":"April 19, 2016","format":false,"excerpt":"\r Hong Kong\u2019s first real estate agency offering 0 per cent commission for clients is finding it tough to survive in the city with its weakening housing market. Online real estate agent Candid Properties, saw staff numbers drop to four from 15 in six months.\r \r Source : South China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-is-the-most-lucrative-job-in-the-worlds-costliest-property-market-a-sales-agent-of-course\/","url_meta":{"origin":114922,"position":4},"title":"What is the most lucrative job in the world\u2019s costliest property market? A sales agent, of course","date":"September 12, 2018","format":false,"excerpt":"\r It\u2019s a great time to be a Hong Kong property agent. In some cases, developers are paying more than double their usual 3 per cent agent commission for selling a flat, as they get aggressive in paying agents to drum up sales. The step signals the growing eagerness of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":156189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hotel-investors-pick-up-hong-kong-bargains-on-distress-tourism-rebound\/","url_meta":{"origin":114922,"position":5},"title":"Hotel investors pick up Hong Kong bargains on distress, tourism rebound","date":"June 23, 2025","format":false,"excerpt":"\r Hong Kong is becoming a magnet for hotel investments after some investors snapped up assets on the cheap this year, banking on a recovery in tourism and shrinking room supply to brighten the industry outlook, according to property consultants. Investments in the sector could reach about HK$5 billion (US$637\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\/114922"}],"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=114922"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114922\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}