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 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
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
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 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
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
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