Real Estate Development

Developers flex market muscle

PUBLISHED : Thursday, 19 February, 2004, 12:00am
UPDATED : Thursday, 19 February, 2004, 12:00am

Hong Kong developers have signalled their strengthening market muscle from a recovering property sector by slashing fees paid to sales agents by up to 55 per cent.

The move shows developers are confident they can sell new flats without relying on real estate agencies, and could refocus agents' attention on the secondary market.

Full report - B1


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