Relations between Sino Land and brokers had soured after the property developer said it would only pay 1.7 per cent commission for more than a 1,000 flats sold at its upcoming Grand Central housing development in Kwun Tong. Photo: Roy Issa

Ties that bind: Hong Kong’s developers and brokers find that they cannot do without each other

  • Industry observers say builders need brokers as residential projects do not sell on their own
  • Some developers have announced higher commission rates after ties between Sino Land and brokers soured because of below-market fees
Topic |   Hong Kong property

TOP PICKS

Relations between Sino Land and brokers had soured after the property developer said it would only pay 1.7 per cent commission for more than a 1,000 flats sold at its upcoming Grand Central housing development in Kwun Tong. Photo: Roy Issa
READ FULL ARTICLE