10 Oct '17, 5am

Property agencies merge, tap into tech as real estate market goes increasingly online

Lower commissions, developers being less dependent on agents, and digital disruption are posing threats to Singapore agencies, says industry veteran. The property agency industry has been abuzz with recent mergers and how technology is disrupting the way agents do business. It started in June when PropNex Realty announced a merger with Dennis Wee Group (DWG) to form the largest agency in Singapore with close to 7,000 agents. Two more followed in August – OrangeTee and Edmund Tie and SLP and Scotia. The newly formed OrangeTee & Tie will comprise more than 4,000 agents, making it the third largest agency and pushing it ahead of Huttons Asia with over 3,000 agents. SLP Scotia will have a combined strength of 800 agents and will receive a cash injection of $3 million to grow the business. Francis Tan, executive director of SLP Scotia said: “We are seeing signs that the real es...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Tweets

TIL “There are only 30,000 RE salespersons in S...

propertyguru.com.sg 11 Oct '17, 4am

Lower commissions, developers being less dependent on agents, and digital disruption are posing threats to Singapore agenc...

Virtual Real Estate

Virtual Real Estate

seobook.com 09 Oct '17, 7pm

"I think the president is probably right to say, like, look you are witch-hunting me. You have no smoking gun, you have no...

Johnny Carson's Malibu Estate Hits the Market at $81.5 Million

Johnny Carson's Malibu Estate Hits the Market a...

justluxe.com 10 Oct '17, 9pm

The rare, 7,000-square-foot oceanfront estate, designed by renowned architect Ed Niles in 1978, features four perfectly ma...

Lend lease condo banking CapitaLand stops sales...

propertyguru.com.sg 11 Oct '17, 7pm

A view of Sky Habitat, a 99-year leasehold development situated at the heart of Bishan district 20. (Photo: Yasmin Beevi) ...

New: Singapore Property Weekly Issue 332 now out

propwise.sg 09 Oct '17, 1pm

Top Weekly Sorry. No data so far. Monthly 4 Things We Can Learn From Cockroaches to Survive the Next Financial Crisis 5 Co...

Singapore property recovery may leave agents be...

venturecanvas.com 09 Oct '17, 10am

Luxury travel service Secret Escapes raises £83 million in equity and debt by Jonathan Keane on 2017-10-09 at 07:30 Luxury...

@SGPropertyGuru 1/2 empty glass, 1/2 full you m...

propertyguru.com.sg 11 Oct '17, 7am

A view of Sky Habitat, a 99-year leasehold development situated at the heart of Bishan district 20. (Photo: Yasmin Beevi) ...

Singapore real estate is among the world's most...

investasian.com 15 Oct '17, 12pm

The Singapore real estate market is among the world’s most expensive . Home prices in the city-state rank second highest i...

Looking for luxury property in Singapore? Here'...

bloomberg.com 20 Oct '17, 2am

The farther from the city center, the more space buyers get for their money, and developers have begun competing to provid...

Looking for luxury property in Singapore? Here'...

bloomberg.com 20 Oct '17, 6am

Although it’s only 278 square miles in size, Singapore has an outsized reputation in finance. The island city-state, which...

A Guide to Luxury Real Estate in Singapore

bloomberg.com 20 Oct '17, 12am

The farther from the city center, the more space buyers get for their money, and developers have begun competing to provid...