Property consultancy Jones Lang LaSalle (JLL) today announced its acquisition of property advisory firm Credo Real Estate. Karamjit Singh, Credo's Managing Director, said he hopes the move will help his company increase market share both locally and overseas. “The key driver behind this deal was the culture and values that we share with Credo; we are a people business and our success is based around...
Property Agency
he Council for Estate Agencies (CEA) has launched its first educational brochure Monday on estate agency work. CEA said its part of its outreach effort to equip consumers with essential knowledge to help them experience a smooth property transaction. Called "Consumer Tips for Engaging a Real Estate Salesperson", the guide provides a reference to those who wish to engage the services of real estate...
Eleven real estate agencies have joined hands to launch an electronic network that will provide exclusive property listings and transactions details in real time. Called the Singapore Real Estate Exchange (SRX), the network enables agents to access up-to-date information like transacted prices and rentals. The SRX, which was soft-launched in July this year, is already seeing an average of about 300...
Koon Holdings on Friday announced it has acquired a 51 per cent stake in Singapore-based real estate agency GA Property Management (GAPM) for S$3 million. GAPM is an investment holding firm that owns real estate agency Global Property Strategic Alliance, which is involved in a range of real estate services including corporate leasing services, investment sales and en-bloc sales. Managing director and CEO...
Catalist-listed Top Global is establishing a real estate investment and development business in Singapore, Malaysia, Indonesia and China, as well as lease or acquire hotels in Chinese cites, said Hano Maeloa, CEO of the company. Top Global recently set up a real estate consultancy firm in Singapore with two partners, which it hopes to franchise in Indonesia. It established Global Property Strategic...
Some Singapore real estate agencies are wooing Chinese investors to buy properties here. They are doing so by having a representative office in China and networking with private bankers to reach prospective buyers. These initiatives have benefited HSR International Realtors and ECG Property. It is not just about the property for most Chinese investors, it is the lifestyle. Property agencies said that...
Real estate firms in Singapore have axed thousands of agents, ahead of the regulatory framework to be implemented by the National Development Ministry. The framework seeks to professionalise the industry, with the introduction of a new statutory board, known as the Council for Estate Agencies, and enhanced regulatory guidelines. Channel NewsAsia understands that a Bill for the framework could be...
Industry watchers said smaller real estate agencies in Singapore may consolidate when new rules to regulate property agents kick in later this year. Agencies are also concerned about recruitment and compliance costs. The government is due to set up the Council of Estate Agencies to regulate property agents. The upcoming regulations seek to weed out rouge agents, and raise professional standards and...
The game could be up soon for rogue real estate agents. The Ministry of National Development (MND) plans to set up a statutory board, the Council of Estate Agencies (CEA), to professionalise the real estate industry. Among the measures: Tighter licensing conditions for estate agencies and their agents, a code of ethics and professional conduct for estate agents, a discipline and dispute resolution...
The Ministry of National Development (MND) plans to set up a new statutory board to raise the professionalism of the real estate agency industry and to better safeguard consumer interest. The proposed statutory board - the Council for Estate Agencies or CEA - will implement a new framework to regulate the industry. This through the enhanced licensing of estate agencies, registration of estate agents, new...