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Abysmal sales deal body blow to agencies

More than 60 exit property business in 2013; over half of the remainder expected to sink into the red
Thursday, October 9, 2014 - 05:50
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With private residential sales falling off a cliff following several rounds of cooling measures, even some of Singapore's largest real estate agencies are reeling from profit slumps of as much as 20 to 50 per cent this year. - PHOTO: SPH

Singapore

WITH private residential sales falling off a cliff following several rounds of cooling measures, even some of Singapore's largest real estate agencies are reeling from profit slumps of as much as 20 to 50 per cent this year.

Several key executive officers of real estate