The Council of Estate Agencies (CEA) just launched the first phase of their Agents’ Transaction Record Initiative, which publishes the HDB transactions facilitated by property agents in 2017 and 2018 (presumably covering all 29k licensed agents as of Jan 2019).
We thought we’d take a quick dive into the data and see if there’re any interesting stories. Here’s what we discovered:
1 – Home sellers engage agents more often than home buyers
2 – Most home sellers still engage an agent rather than DIY
3 – Roughly 8,000 agents handle at least 1 HDB transaction in a year
4 – There is indeed a “Super Agent”
5 – Top 10% agents handled roughly half of all non-DIY transactions in 2018
6 – Top 2 agencies account for two-thirds of (non-DIY) HDB transactions market
7 – Top 2 agencies are not the most “productive agencies” though (measured by transactions per agents)
8 – Central Area is the most competitive town for active agents
About UrbanZoom Research
UrbanZoom Research publishes data-driven insights on the Singapore property market.
We don’t publish regularly. But when we do, we endeavor to contribute meaningful and unbiased insights.
In short, quality over quantity.
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