Business @ AsiaOne

Property fee guidelines must go, says watchdog

Move could foster competition and a price war among real estate agents. -ST

Wed, Aug 06, 2008
The Straits Times

By Jessica Cheam

HOME buyers and sellers will be able to haggle over the commission they pay property agents after a guideline on fees is axed next month.

The Competition Commission of Singapore (CCS) said yesterday that the guidelines adopted by the Institute of Estate Agents (IEA) in 1999 are uncompetitive and must go.

The surprise move could spark a price war among agents, say some experts.

For the full report, read today's issue of The Straits Times

 
 
 
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