The Business Times
business-time-50
SUBSCRIBERS

Singapore housing agents reap bumper commissions in 2022 even as sales volume slows

google-preferred-sourceAdd BT as a preferred source

Ry-Anne Lim &

Bryan Kow

Published Mon, May 29, 2023 · 05:50 AM
    • Agents earned a median monthly commission of S$5,000 a month in 2022, based on data from a consultancy.
    • Agents earned a median monthly commission of S$5,000 a month in 2022, based on data from a consultancy. PHOTO: YEN MENG JIIN, BT

    REAL estate agents in Singapore enjoyed a banner year in 2022, earning bumper commissions on higher-priced housing sales even though deal volume was lower than in previous years. 

    And at least one major agency saw its agents’ sales commissions for residential property deals surpassing that of past housing market peaks.

    Fewer new projects were launched last year, but most experienced strong sales at pricing that set fresh benchmarks for their locations.

    ResidentialProperty agentsReal estateSingapore residential propertyprivate home sales

    TRENDING NOW

    Set up by Nichol Ng and her brother, FoodXervices traces its roots to 1934 with the business their grandfather started.

    ‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next

    Santhosh Mahendiran believes that Techcombank's ability to hyper-personalise its offerings using data drawn from its ecosystem is a key competitive advantage.

    The Singaporean turning Vietnam's Techcombank into an AI-first lender

    Always one to walk the talk, DBS CEO Tan Su Shan has her personal AI agent that checks and serves up to her the latest news on banking.

    ‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More