This article was first published on PropertyGuru
The Council for Estate Agencies’ (CEA) October-to-December licence renewal period saw several property agencies lose many of their real estate agents, reported The Business Times.
In fact, 22 of Singapore’s 30 biggest agencies are now left with fewer agents than last month, with HSR International and ECG Property registering the biggest drop in percentage terms.
The CEA’s aggregated statistics on the number of salespersons and agencies will be released later this month or in early-February.
Meanwhile, ERA Realty and PropNex Realty are still the two biggest agencies even after their agent numbers dropped by 6.6 percent and 8.9 percent to 5,947 and 5,506 agents respectively.