The Council for Estate Agencies (CEA) has issued a media release today on the 2018 licensing and registration exercise for property agencies and agents.
As at 1 January 2018, there were 1,269 licensed property agencies and 28,571 registered property agents.
The number of licensed property agencies and registered property agents as at 1 January over the last three years is shown below:
| As at
1 Jan 2016 |
As at
1 Jan 2017 |
As at 1 Jan 2018 |
|
| Number of property agents | 29,262 | 28,397 | 28,571 |
| Number of property agencies | 1,369 | 1,286 | 1,269 |
The Council for Estate Agencies (CEA) issued 66 new property agency licences and 1,344 new property agent registrations throughout 2017. A total of 44 property agency licences and 2,028 property agent registrations lapsed after 31 December 2017.
Size of property agencies by number of agents as at 1 Jan 2018
|
Size of property agency |
Number of property agencies |
|
>500 agents |
7 |
|
51-500 agents |
18 |
|
31-50 agents |
14 |
|
11-30 agents |
64 |
|
1-10 agents |
1,166 |
10 largest property agencies by size, as at 1 Jan 2018
|
Property agency |
Number of property agents |
|
PropNex Realty Pte Ltd |
6,684 |
|
ERA Realty Network Pte Ltd |
5,882 |
|
OrangeTee & Tie Pte Ltd |
3,898 |
|
Huttons Asia Pte Ltd |
3,207 |
|
KF Property Network Pte Ltd |
689 |
|
SLP Scotia Pte Ltd |
585 |
|
Savills Residential Pte Ltd |
543 |
|
Global Alliance Property Pte Ltd |
457 |
|
HSR International Realtors Pte Ltd |
377 |
|
C & H Properties Pte Ltd |
328 |
Source : CEA
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