URA looking into property agents' commissions, say sources
Observers suggest additional scrutiny could come in the form of requiring developers to declare how much they pay agents
Singapore
THE Urban Redevelopment Authority (URA) is sussing out the latest commission rates that developers pay to agents to sell new private residential properties in Singapore, The Business Times (BT) understands.
Industry participants told BT that URA recently queried housing developers on how much they are offering property agents to market their new launches. This comes amid a spike in commissions and market speculation of fresh cooling measures, as home prices remain on an uptrend despite economic woes.
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘Not done’: Keppel CEO Loh Chin Hua transformed the group, but says there’s ‘still a lot to do’
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg
