Making property agents do better by consumers
From eyebrow-raising commissions to the rise of a few market giants, this episode pulls no punches. What exactly are you paying for when you engage an agent and should more be done to keep the industry honest?
Why listen?
Because buying a home shouldn't feel like playing poker blind
Professor Sing breaks down what really happens behind the sales pitch and why the incentives in the current system don't always work in your favour.
Because new launch commissions are quietly off the charts
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In a hot market, some agents barely need to break a sweat to close a deal. So why are fees climbing to 5% and beyond?
Because five firms dominate nearly 90 per cent of the market
That's not competition. So is it consolidation? And it raises real questions about pricing power, choice, and whether the little guys stand a chance.
Because too many agents don't actually transact
If you're wondering why productivity's an issue, consider this: nearly half of all licensed agents don't close a single deal a year. So why are they still in the game?
And because HDB resale is big business
Should the government step in and play matchmaker to cut out the middleman? Professor Sing says maybe. At least for those who want a DIY option with fewer headaches and fewer fees.
Listen now for a clear-eyed look at the people and policies shaping your biggest financial decision—buying your home.
PropertyBT is a podcast of BT Correspondents. Look out for the next episode featuring senior correspondent Ben Paul. And if you have any thoughts or questions, feel free to reach out to us at btpodcasts@sph.com.sg.
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Written and hosted by: Leslie Yee (lyee@sph.com.sg)
With Prof Sing Tien Foo, provost's chair professor, Department of Real Estate, NUS Business School
Edited by: Emily Liu & Claressa Monteiro
Produced by: Leslie Yee, Emily Liu & Chai Pei Chieh
A podcast by BT Podcasts, The Business Times, SPH Media
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Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice.
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