Property Agency

Property agencies use tech to boost customer experience, help agents meet rising expectations

Just a few years ago, property agent Evonne Tang remembers flipping through the classified advertisements every morning, painstakingly perusing property listings and circling ones that could potentially interest her clients. However, all this information — and more — is now at her fingertips, thanks to mobile applications provided by property agencies, drastically reducing the time she has to spend...

Real estate agency HSR fined for failing to properly advise investors in Bangkok deal

Real estate agency HSR International Realtors has been fined S$12,500 over its agents' failure to properly advise investors of the risks involved in purchasing properties in Bangkok. For breaching the Council for Estate Agencies’ (CEA) Practice Guidelines, the agency was also barred from marketing or selling foreign properties for six months, starting Sep 10, CEA said in a media release on Tuesday...

OrangeTee & Tie launches one-stop platform to manage multiple property listings by agents

OrangeTee & Tie has joined forces with players such as 99.co, Carousell and UOB to launch an app exclusively for its agents to manage property listings across multiple portals, via a single platform. Through Agent App, property agents can create new listings, market their properties, as well as manage and repost existing listings on 99.co, EdgeProp, Carousell and SRX. OrangeTee said that the feature,...

Real estate firm, agent fined for mispresenting sale of New Zealand property

Real estate agency SQFT Global Properties Singapore was on Oct 4 fined S$10,000 for failing to supervise its agent with regard to the sale and marketing of a property in New Zealand. In a media release on Monday (Dec 5), the Council for Estate Agencies (CEA) said Paleenia Wong Mui Wah, who was an agent with SQFT Global Properties Singapore at the time, had told an investor that the NZ$65,000 (S$65,555)...

Property agencies, agents keep exiting sector amid tough market

IN a "survival of the fittest" situation in the challenging domestic property market, property agencies and agents are continuing to bow out of the industry. The latest annual report of the Council for Estate Agencies (CEA) showed fewer licensed property agencies and registered property agents around at end-March this year compared to a year ago. The number of licensed property agencies has slipped...

Property firm fined, barred for breaching en bloc rules

In an unprecedented move, the Council for Estate Agencies (CEA) has fined a property agency and barred it from undertaking any enbloc sale work for one year starting April 20, after it was found to have breached its duty as adviser and brought about a conflict of interest by offering incentive payments to several homeowners of Thomson View Condominium in exchange for their backing the development’s...

New property agent rating platform aims to help buyers get better service

Property buyers who want to avoid the stress of using an agent who turns out to be a dud have an extra tool at their disposal, following the launch of real estate agency OrangeTee's platform that allows customers to write reviews and rate their agent. These reviews will then be published in full on the agents’ profile pages, which include contact information, a short biography, past achievements and...

APSIL to acquire Century 21 (AsPac) and merge it with unit Global Alliance Property

SOON after completing its acquisition of property agency Global Alliance Property (GAP) Pte Ltd, Asia-Pacific Strategic Investments Ltd (APSIL) is shoring up its agent strength by acquiring another firm - this time, Century 21 (AsPac) Pte Ltd. In a regulatory filing with the Singapore Exchange on Friday, APSIL said that its wholly owned subsidiary GAP has inked a non-binding memorandum of understanding...

More than 100 property agencies exit industry

AS A sign of the current market conditions, a total of 104 property agencies and 3,573 real estate agents left the industry after the latest licence renewal exercise with the Council for Estate Agencies (CEA). The CEA had licensed 1,369 estate agents and registered 29,262 salespeople as at Jan 1, 2016. In the past year, there were 1,299 new salespeople who joined the industry, said CEA, which...

Number of consumer complaints against property agents down from last year

The number of consumer complaints against property agents in Singapore fell to 702 cases in the 12 months till March 2015, down from the 751 cases in the previous 12-month period. This is according to data released by the Council for Estate Agencies (CEA) in its 2014/15 annual report on Monday (Oct 12). Most of the complaints, or 46 per cent, were transactions related to HDB flats. Another 34 per...

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