Being a real estate agent in the lucrative Hong Kong market has its perks. Rising interest rates, a looming vacancy tax and a decline in the city’s stock market is making developers nervous, the South China Morning Post reported. And, in some cases, developers are paying more than double their usual 3 percent agent commission for selling an apartment. “Apart from giving buyers more discounts, they also offered higher commissions to agents to boost sales […]
source https://therealdeal.com/2018/09/23/why-hong-kong-broker-fees-are-creeping-up/
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