Real estate agent two consecutive increase
In the second half of last year, the property market was affected by uncertainties such as Sino-US trade disputes. The number of licensed agents has been frustrated for five months since December last year, and it was only until May this year. According to the latest data released by the Estate Agents Authority (hereinafter referred to as the Lands Supervision Bureau), as of the end of June, the total number of licensed agents in Hong Kong was 39,773, a slight increase of 24 (about 0.06%) from the 39,749 in May, for two months. The industry expects that the number of agents will continue to rise in the second half of the year, and many correspondent banks are also planning to increase their manpower in the city.
According to the statistics of the Lands Supervision Bureau, as of the end of June, there were 39,773 licensed agents in Hong Kong, the number of which increased for two consecutive months, an increase of 63 (about 0.16%) from the 39,710 in April; and recorded in November last year. Compared with the historical high of 40,142 people, there are still 369 fewer people (about 0.92%).
During the period, the increase in the number of people concentrated on estate agent (personal) licenses (commonly known as E-brand or big-name), from the end of May, there were 18,254, an increase of 25 (about 0.14%) to 18,279; as for the salesperson’s license (commonly known as S-brand or fine) The number of licensees in the card is reduced by one person per month to 21,494. As for the business details certificate reflecting the number of agent branches, it was reduced by 2 in June to 7078, and it decreased for the first time after 4 months.
The property market is booming. More people are entering the market.
The number of agents has rebounded slightly, but the transaction volume of property in recent months has shrunk significantly due to the intensified trade friction between China and the United States in May, forcing agents to directly face industry competition. According to the data of the Central Plains Property Research Department, the total number of building sales and purchase contracts (including residential, industrial and commercial and parking spaces, etc.) was only about 6203 in June, calculated by 39,773 agents in Hong Kong. On average, about 6.4 people competed for one transaction, compared with May. The transaction was contested by about 3.8 agents and the competition was more intense.
Liao Weiqiang, president of Lijiage Real Estate, pointed out that the number of agents has risen for two months. After the Lunar New Year in February this year, the property market has become more prosperous, attracting agents to recruit more people. Since some new entrants are required to obtain agency licenses, they lag to 5 It was only reflected in the number of agents in June. Liao Weiqiang believes that the market situation is improving in the near future. I believe that the number of agents will increase in the second half of the year. At present, there are about 2,800 frontline agents in Lijiage Real Estate. About 200 people will be added in the second half of the year. By the end of the year, the number of frontline staff will increase to about 3,000.
Bu Shaoming, chief executive of the Midland Real Estate Department, said that the market conditions in recent months have been buoyant, and the number of agents has increased. “The layman sees the market and wants to test the cards", which has led to an increase in the number of agents. The overall number of agents in Hong Kong in the second half of the year is expected. It will still rise, but due to the low pass rate of the recent supervision of the Lands Supervision Bureau, it is difficult to increase the number of agents. Bu Shaoming revealed that the Group hopes to recruit about 600 new employees in the second half of the year and increase it to more than 5,000 frontline agents by the end of the year.
Chen Yongjie, vice chairman of the Asia Pacific Real Estate and president of the residential department, is also optimistic about the market outlook. He said that the second half of the year will continue to expand. At present, there are about 6,000 frontline agents and logistics staff, hoping to increase about 500. The bank has already been on the West Rail. Tseung Kwan O Sunrise Cannes and some pre-rental shops with large new flats will be used as branches.