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Posted: 15 Dec 2013 | 6:00 am
Sliding property sales in Hong Kong have driven many developers to increase agent commissions.
Reading a report in the South China Morning Post the piece cited the government's cooling measures as a key catalyst.
Commissions are generally 2% for brokers, though in hot market conditions agents often rebate a portion to buyers to drive deals, so the payout drops.
With developers keen to move units, commissions are being upped to 3% and beyond which is a sign of the times.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
As part of worldwide international chain Hilton's carbon offset program, one of the benefactors is located here in Thailand.
The media is reporting that environmental advocates are voicing concerns about a proposed coal port and power plant in nearby Krabi.
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