26 Jan '16, 11pm

Trying different ways to beat the slump

The Straits Times Yeo Sam Jo As the property market continues to cool, real estate agents have to find ways to stay afloat. Some take up part-time jobs, while others concentrate on more lucrative aspects of the market. Huttons agent Felix Mui, 35, has decided to focus on new property launches, as the sales commissions there are higher, he said. "Depending on the project, it is generally harder to sell new units now," said Mr Mui, referring to the supply glut. "So agents are being given a bigger incentive to reach out to more buyers." In the current market, selling a Housing Board five-room flat can earn him around $8,000 to $9,000 in commission. "It's very hard to hit $10,000 unless it's a very good apartment, like one with a great view or a [email protected] type of flat." In contrast, a newly launched condo unit can now bring in about 3 per cent in commission, compared wit...

Full article: http://www.srx.com.sg/singapore-property-news/14492/tryin...

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