Number of property agents continues to rise in Singapore

Rising headcount: A residential property under construction in Singapore. An industry body says the number of property agents in the country now stands at 34, 427. — Bloomberg

SINGAPORE: Despite a challenging year that saw the property market dampened by several rounds of cooling measures and high interest rates, the overall number of agents across real estate agencies here continued to rise, albeit at a more tempered rate.

The latest figures from the Council for Estate Agencies (CEA) showed there were a total of 35,251 property agents in the industry as at Jan 1, 2024. This is up from 34,427 agents at the start of 2023, and 32,414 at the beginning of 2022.