Real Estate Commissions Rising
Sliding property sales in Hong Kong have driven many developers to increase agent commissions.
Reading a report in the South China Morning Post the piece cited the government's cooling measures as a key catalyst.
Commissions are generally 2% for brokers, though in hot market conditions agents often rebate a portion to buyers to drive deals, so the payout drops.
With developers keen to move units, commissions are being upped to 3% and beyond which is a sign of the times.