The continuing slump in the property market is forcing real-estate agencies to consider further shop closures.
Centaline Property Agency managing director Shih Wing-ching said the company would probably close another six shops when leases expire at the end of the month.
Agents said the market took a turn for the worse shortly after the Government announced its $44 billion stimulus package.
The market picked up for a couple of weeks but has again slumped, with sales and leasing activity on a par with business at the beginning of last month, they said.
Many agents described business in early June as 'awful', with Centaline saying that commissions were well down.
Mr Shih said 11 leases of the company's 209 branches around town are to end this month.
The decision to close down a shop would also depend on whether it could negotiate a better lease, he said.
