Category Archives: General

How we sold our flats without using property agents

Posted on 16 Oct 2009 | 1 comment

I AM writing in response to Ms Kwok Yoke Pui’s letter on Tuesday, “Commissions and property agents”.

Ms Kwok said: “I would like to clarify that I am most willing to pay (the 1 per cent commission). The point is, I want to pay the agent who is representing me, not the seller’s agent.”

If this is so, perhaps Ms Kwok should appoint an agent and let the agent take her for viewings before deciding to view any unit. Commissions are agents’ income. If one buyer has to call 15 agents from different property firms for viewings before deciding to put in an offer, can you imagine how difficult it would be for an agent to close the sale and get his income?

Agents make it clear to buyers that they have to pay a commission before viewing. This is better than asking the buyer to pay after the sale has been concluded. Continue reading →

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Fragrance Group posts 38% rise in sales to $57.7m in Q3

Posted on 15 Oct 2009 | Comments Off on Fragrance Group posts 38% rise in sales to $57.7m in Q3

Fragrance hotel and property group says it recorded a turnover of $57.7 million in the Third Quarter of 2009, a 37.9% increase from $41.83 million recorded in the corresponding period in 2008.

The property sector contributed $48.79 million or 84.6% of the consolidated revenue. This is an increase of about 51.1% from the $32.28 million contribution in the third quarter of 2008. Fragrance says major contributor to revenue in the third quarter 2009 included Parc Imperial, a condominium project with 138 units, Imperial Heights, City Regency and the landed housing projects at Wak Hassan Drive (8 units) & Penaga Place (18 units).

The hotel sector contributed $8.91 million or 15.4% to the total consolidated turnover. This represents a decrease of 6.7% from the $9.55 million in the corresponding period of 2008. This was mainly due to lower occupancy and room rates at existing hotels although these were partly offset by the revenue contributed by two new hotels that started operations after third quarter 2008. Continue reading →

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Posted in Developers, General

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