Singapore real estate agencies may consolidate further: IREUS

Singapore

THE Big Four real estate agencies in Singapore - PropNex Realty, ERA Realty Network, OrangeTee & Tie and Huttons Asia - are likely to continue attracting more salespersons, while smaller players face higher attrition rates and costs.

The industry could thus become even more consolidated in the coming years, said the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore, in its analysis of data from the Council for Estate Agencies (CEA).