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SINGAPORE PROPERTY: BT EXCLUSIVE
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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

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Fiona Lam

Fiona Lam

Published Thu, Feb 4, 2021 · 09:50 PM

    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.

    Property agentsProperty developersprivate home salesSingapore property

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