{"id":75763,"date":"2018-01-04T15:56:50","date_gmt":"2018-01-04T08:56:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/slight-rise-in-number-of-property-agents-this-year\/"},"modified":"2018-01-04T16:07:25","modified_gmt":"2018-01-04T09:07:25","slug":"slight-rise-in-number-of-property-agents-this-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slight-rise-in-number-of-property-agents-this-year\/","title":{"rendered":"Slight rise in number of property agents this year"},"content":{"rendered":"


\nThere are now 28,571 registered property agents in Singapore.
\nThe 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 January).
\nThis is still lower than the 29,262 registered agents seen at the start of 2016.
\nWhile CEA issued 66 new property agency licences and 1,344 new property agent registrations throughout 2017, a total of 44 property agency licences and 2,028 property agent registrations lapsed after 31 December.
\nChia I-Ling, director, policy & licensing at CEA, said: \u201cThe increase in the number of registered agents could be due to a positive outlook on the real estate market.\u201d
\nLim Yong Hock, key executive officer of PropNex Realty, said: \u201cIn today\u2019s market, increasing number of younger individuals are drawn to the real estate segment as the profession is no longer deemed as a \u201cmid-career switch\u201d option, but instead a long term rewarding career.
\n\u201cIn PropNex, we have fresh graduates and professionals who were doing really well in their previous careers joining us, drawn by their passion for properties and opportunities presented in the industry.\u201d
\nCEA data also shows that the number of licensed property agencies fell to 1,269 as at 1 January from 1,286 a year ago.
\nThe largest property agency in Singapore is PropNex Realty with 6,684 agents, followed by ERA Realty Network with 5,882 agents and OrangeTee & Tie (3,898).
\nSource: Council for Estate Agencies
\nThe number of salespersons at PropNex shot up by 21 percent from 5,510 last year, mainly attributed to a merger with Dennis Wee Group (DWG) in June.
\n\u201cWe are indeed witnessing a change in the real estate industry scene where many small to mid-sized firms might choose not to continue operating on their own and will instead consolidate their business with the bigger players,\u201d noted Lim.\u00a0
\nSaid Chia. \u201cAs the industry continues to evolve, CEA encourages property agents to upskill and leverage technology to keep pace with the changing business environment and meet increasing consumer expectations.\u201d
\nLim revealed that PropNex has invested more than $10 million in the last five years to provide a range of trainings and development programmes for salespersons to raise their knowledge, skills and service standards, in order to remain relevant in the industry.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Slight rise in number of property agents this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There are now 28,571 registered property agents in Singapore. The number of registered property agents...<\/p>\n","protected":false},"author":1,"featured_media":75764,"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-75763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/01\/10-largest-property-agencies.jpg?fit=677%2C641&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-jHZ","jetpack-related-posts":[{"id":40293,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fewer-property-agents-agencies-in-2017\/","url_meta":{"origin":75763,"position":0},"title":"Fewer property agents, agencies in 2017","date":"January 11, 2017","format":false,"excerpt":"\r Poor market sentiment has contributed to a drop in the number of registered property agents in Singapore. (Photo: CEA) There 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"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&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":75763,"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":75763,"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":75763,"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":26832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bogus-agent-charged-for-unlicensed-real-estate-work\/","url_meta":{"origin":75763,"position":4},"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":[]},{"id":102738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-of-agents-past-hdb-resale-transactions-now-available-online\/","url_meta":{"origin":75763,"position":5},"title":"Record of agents\u2019 past HDB resale transactions now available online","date":"January 7, 2019","format":false,"excerpt":"\r The data shows the track record of agents and how active they are in transacting HDB flats. Those keen to buy or sell HDB flats can now check the track record of their property agent online, after the Council for Estate Agencies (CEA) launched the first phase of 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\/75763"}],"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=75763"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/75764"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=75763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=75763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=75763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}