Who wants to be a property agent? Rewards could outweigh risks
The number of agents at the start of 2025 is up by 5,659 or 19%, from 30,399 at the beginning of 2021
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[SINGAPORE] The job market in Singapore is tight, with some sectors struggling to fill vacancies. However, the property agency business is doing fine in attracting new joiners.
According to the Council for Estate Agencies, the number of property agents as at Jan 1, 2025, was 36,058, up from 35,251 a year ago. The agent population at the start of 2025 is up by 5,659 or 19 per cent, from 30,399 at the beginning of 2021.
The number of agents grew despite developers selling far fewer private homes excluding executive condominiums (ECs) in Singapore in each of 2022, 2023 and 2024 compared with 2021. In 2024, developers sold 6,469 private homes excluding ECs – under half that of 13,027 units in 2021.
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