Singapore, 29 May 2023 REAL estate agents in Singapore enjoyed a banner year in 2022, earning bumper commissions on higher-priced housing sales even though deal volume was lower than in previous years.
And at least one major agency saw its agents’ sales commissions for residential property deals surpassing that of past housing market peaks.
Private home prices were higher in 2022 too, resulting in higher commissions on units sold, noted Justin Quek, OrangeTee & Tie’s deputy chief executive officer.