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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:
Up and coming Hong Kong interior design firm Eggspace have created an intimate green hotel in Boracay.
A recent post on Hotels Magazine online site talked about the relationship between hotel eco-certifications and operating efficiency.
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