{"id":40293,"date":"2017-01-11T11:11:24","date_gmt":"2017-01-11T04:11:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/fewer-property-agents-agencies-in-2017\/"},"modified":"2017-01-11T12:57:31","modified_gmt":"2017-01-11T05:57:31","slug":"fewer-property-agents-agencies-in-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fewer-property-agents-agencies-in-2017\/","title":{"rendered":"Fewer property agents, agencies in 2017"},"content":{"rendered":"


\nPoor market sentiment has contributed to a drop in the number of registered property agents in Singapore. (Photo: CEA)
\nThere has been a continuous drop in the number of licensed real estate agencies and registered agents in Singapore, as more agencies and agents exit the industry amidst a housing market downturn.
\nThe Council for Estate Agencies (CEA) on Tuesday (10 January) revealed that there were 1,286 licensed property agencies in Singapore as at 1 January 2017, down from 1,369 in both 2016 and 2015. Meanwhile, the number of agents fell to 28,397, from 29,262 in 2016 and 30,830 in 2015.
\nThe CEA noted that 3,200 property agent registrations and 95 property agency licences lapsed after 31 December 2016, while only 1,189 new agent registrations and 40 new agency licences were issued throughout 2016.
\n\u201cThe reduction in the number of registered agents could point to a slight consolidation of the industry given the current property market sentiments,\u201d said Heng Whoo Kiat, Director of Policy and Licensing at the CEA.
\n\u201cCEA also recognises that the real estate agency industry landscape is evolving. For example, with technological innovations, consumers\u2019 lifestyles and preferences in handling their property transactions are changing, and this could shift demand for real estate agency services.\u201d
\nSource: CEA
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Fewer property agents, agencies in 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Poor market sentiment has contributed to a drop in the number of registered property agents...<\/p>\n","protected":false},"author":1,"featured_media":40294,"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-40293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/01\/Licensed-agents-and-agencies-in-Singapore-1024x314.jpg?fit=1024%2C314&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-atT","jetpack-related-posts":[{"id":75763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slight-rise-in-number-of-property-agents-this-year\/","url_meta":{"origin":40293,"position":0},"title":"Slight rise in number of property agents this year","date":"January 4, 2018","format":false,"excerpt":"\r There are now 28,571 registered property agents in Singapore. The number of registered property agents in Singapore rose slightly to 28,571 as at 1 January 2018, up from 28,397 during the same period last year, according to data released by the Council for Estate Agencies (CEA) on Thursday (4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/01\/10-largest-property-agencies.jpg?fit=677%2C641&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":28769,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fewer-people-becoming-property-agents-cea-report\/","url_meta":{"origin":40293,"position":1},"title":"Fewer people becoming property agents: CEA report","date":"October 6, 2016","format":false,"excerpt":"\r The number of property agents in Singapore fell by 1,583 in the year to March 2016, said the CEA in its latest report. The number of licensed real estate agents in Singapore fell to 30,423 in the year to March 2016 from 32,006 over the same period last year,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/man-fined-71500-for-unregistered-estate-agency-work\/","url_meta":{"origin":40293,"position":2},"title":"Man fined $71,500 for unregistered estate agency work","date":"April 19, 2018","format":false,"excerpt":"\r Under CEA rules, it is an offence for someone to act as an agent in any property transaction if they are not registered or licensed. (Photo: CEA) A 36-year-old man was fined $71,500 on Wednesday (18 Apr) after pleading guilty to eight charges of posing as a property agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105767,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/man-fined-72000-for-illegal-estate-agency-work\/","url_meta":{"origin":40293,"position":3},"title":"Man fined $72,000 for illegal estate agency work","date":"April 4, 2019","format":false,"excerpt":"\r The unlicensed agent had posted nine online advertisements for the lease of private properties and HDB flats on public property portals. A 31-year old man was convicted in court of nine charges of conducting estate agency work without being registered as a real estate agent with the Council for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38827,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-company-director-fined-215000-for-unlicensed-work\/","url_meta":{"origin":40293,"position":4},"title":"Property company, director fined $215,000 for unlicensed work","date":"December 22, 2016","format":false,"excerpt":"\r This is the largest fine handed down by the court for this offence. A property management company and its sole director have been fined a total of $215,000 for conducting unlicensed estate agency work, the largest fine ever meted out by the court for this offence, the Council for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bogus-agent-charged-for-unlicensed-real-estate-work\/","url_meta":{"origin":40293,"position":5},"title":"Bogus agent charged for unlicensed real estate work","date":"September 22, 2016","format":false,"excerpt":"\r Shakir Khan was arrested in March this year after CEA officers suspected he was conducting estate agency work illegally. A 56-year old Singaporean man was charged in court on Wednesday (21 September) for conducting estate agency work without a license, revealed the Council for Estate Agencies (CEA). Under the\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\/40293"}],"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=40293"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/40293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/40294"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=40293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=40293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=40293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}