筍盤來了！！！Canninghill Piers

[Lmao0101]

Agreed

we should start regulating property and insurance agents more tightly

I feel none should be allowed to earn more than 7 digits annually .
From now on

I hope

All transactions / policies

exact remuneration MUST be disclosed at point of sale

I agree with your point on transparency, commissions and previous sales transactions should be freely available to future buyers (right now it's only available through certain apps like 99.co but the average property investor might not have heard of it).

Capping commissions is not necessarily the right thing. For previous buyers, would they rather developer reduce price or increase comm/marketing to sell the units?

 

[CaptainSGP]

I hear it starts with digit 2. I feel gov should do something about agent commission, at least with regards to its transparency. Developers are not lowering prices but giving higher commisions to agents which seem to artificially maintain or inflate property prices. But I am not referring to CPH as I think the commision is not too excessive but rather the 5-6% commision I seem to hear about certain projects which are selling well despite rising prices probably because of heavy pushing by agents.

Commission is typically lowest at launch & rises after launch for the balance units. Comm % is typically larger for bigger units

The 2b new launch i bought at start of year at launch Comm was 1.4%. Have to deduct agency cut of 10% & GST of 7% to get agent share. More than 600 units were sold on launch despite the relatively lower Comm.

What do you think is an acceptable Comm % ?

 

[belgarathc]

Commission is typically lowest at launch & rises after launch for the balance units. Comm % is typically larger for bigger units
The 2b new launch i bought at start of year at launch Comm was 1.4%. Have to deduct agency cut of 10% & GST of 7% to get agent share. More than 600 units were sold on launch despite the relatively lower Comm.
What do you think is an acceptable Comm % ?

I think leaving commision rate up to market forces is fine. But it can be more transparent. If I am a buyer, I would certainly like to know if the developer is paying 5% to the agent.

 

[Tuckie]

Commission should be transparent. So buyers can bargain with the agent on the percentage of cashback they can receive.

 

[daheigou999]

Commission should be transparent. So buyers can bargain with the agent on the percentage of cashback they can receive.

Cashback is now legal?

 

[Gibbfa]

All new launch should standardised the commission to agents. Flat 2% no matter what

 

[NiShiZhu]

All new launch should standardised the commission to agents. Flat 2% no matter what

I also hope to standardised my pay same as my boss

 

[Tuckie]

Cashback is now legal?

Make it legal mah, open and free market right.
Maybe my use of cash back is too loose, should say “share commission”

 

[Passerboy]

I also hope to standardised my pay same as my boss

Maybe should standardised one price for all same unit layout regardless of facing and level too?

 

[LordEquniox]

tiagong earlier in this thread got one agent willing to give back 100% of comm

 

[Oftheseas]

tiagong earlier in this thread got one agent willing to give back 100% of comm

In your dream, and a wet wet one !

 

[ThinkCarefully]

###

This thread Ike free for all
From CHP to agent com

###

 

[Gibbfa]

CHP is the most talked about in sg

 

[LordEquniox]

probably 1 month ago la. now no one talking about chp liao

 

[Cryophoenix]

Cashback is now legal?

Kickback is illegal, cashback still ok.

 

[dareaper]

seems like lots of rich singaporeans as expected... post cooling measures, got 1 x 1B+S bounced, but 1 x 2B+S and 1 x 3B got sold. dunno if any kickback or cashback involved

 

[bujingyun82]

If Singaporeans not rich.. how to sustain the persistent property price increase throughout almost 2 years of covid , until government need to implement cooling measure…

 

[Passerboy]

CHP is the most talked about in sg

CHP location is very good and it’s new, hence most talked about but only for now. Next year, expect another project to take centrestage.

 

[Oftheseas]

CHP location is very good and it’s new, hence most talked about but only for now. Next year, expect another project to take centrestage.

Like it or not, next year a lot of property discussions will be around Lentor & its 4 plots of land.

Action coming closer to home in 2022 !

 

[Passerboy]

Like it or not, next year a lot of property discussions will be around Lentor & its 4 plots of land.

Action coming closer to home in 2022 !

Not likely. I think the talk of the town next year would be the Marina View site if priced reasonably.