Hi, Will the cooling measures by government result in an unstable income of property agent?
Posted by Des - Mar 21, 2013 - Viewed 80 times
Answers (2)
Mervin Tang
Posted Mar 21, 2013
Hello Des,
Good Evening..
The answer to your question is 2 fold:
FIRSTLY,
The income of a Real Estate Salesperson (RES) lies in the transaction volume of the market place. Aka, the more transactions, the more commissions are being made. For the cooling measures, you need to look at them in totality, for example, the latest set of cooling measures are the latest in a series of 7 cooling measures.
Since then, the volume of transactions has not dipped, but climbed at a steady pace with no drop in prices expected. Furthermore, a RES derives his/her income from numerous sources;
Good Evening..
The answer to your question is 2 fold:
FIRSTLY,
The income of a Real Estate Salesperson (RES) lies in the transaction volume of the market place. Aka, the more transactions, the more commissions are being made. For the cooling measures, you need to look at them in totality, for example, the latest set of cooling measures are the latest in a series of 7 cooling measures.
Since then, the volume of transactions has not dipped, but climbed at a steady pace with no drop in prices expected. Furthermore, a RES derives his/her income from numerous sources;
A) New Project Sales
B) Private resale/rentals
C) HDB resale/rentals
D) Industrial/Commercial Launch Sales, Resale, Rentals
Thus the idea is always to "Fight down the path of least resistance". Each time the cooling measures are announced, one of the above paths gets affected, but the hot money finds another path. The idea is to be part of a team that has access and avenues to chase down these opportunities.
SECONDLY,
A big assumptions lie on the belief that the cooling measures are doing their intended job.
Let me put this into perspective. To us Singaporeans/Living in Singapore, the latest round of cooling measures seems "Harsh" as some market watchers have put it. However, when viewed from a global perspective, our property prices with all the ABSD rolled in, still seems cheap to some countries.
Meaning, the measures that other countries are even harsher, thus making our measures look relatively more attractive, and a likely destination for this global monies to go to. Thus, it really depends where you bring your buyers in from.
Best Regards,
Mervin Tang
Senior Marketing Manager
Division Lead Trainer, Project Sales
CEA Reg No. : R030951Z
Huttons Asia Pte Ltd
Mobile: (65) 9184 0208
Website: http://www.SGrealestate.sg
Sales Enquiry: mervintang@SGrealestate.sg
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