22 Sep '14, 3pm

Realtor HSR's commission scheme shakes status quo. Full story here

MR TONG rnA strong believer in 'creative destruction' Singapore A FORMER banker and a major shareholder of two Singapore-listed companies, Tong Kooi Ong is one man whose penchant for shaking up the business turf and needling the big boys with his niche-market ideas in Malaysia has won him both admirers and arch rivals. Now, amid a relatively torpid real estate market in Singapore and as property brokers grapple to protect their income from further injury, Mr Tong is at it again - this time through HSR International Realtors, a firm owned by Catalist-listed 3Cnergy which he majority owns since March last year. Just under a month ago, the mid-sized realtor punched above its weight and unveiled a scheme which, in Mr Tong's own words, has set off "bickering" among its rivals. At the face of it, the "100 per cent Powered Scheme", which takes effect next January, is an undercut ...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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