Real Estate Commissions Rising

Category: Real estate, Posted:15 Dec 2013 | 06:00 am

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.

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