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Property agents unhappy over PropertyGuru hiking up prices

A number of property agents are unhappy over the extent and frequency of price hikes imposed by property portal PropertyGuru.

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Two years after a backlash over price hikes by PropertyGuru, property agents are up in arms again as the property portal is increasing the price agents have to pay for listing on its platform.

The changes, which will take effect from Sept 1, will see price increases ranging from 11.3 percent to 26.6 percent across four different packages.

Some agents said that the increases are too much and too frequent, seeming as if PropertyGuru bumps them up every year.

Yet, they also felt resigned and helpless, given PropertyGuru’s dominance in the market.

PropertyGuru has stated that it accounts for 70 percent of the market share, with more than 5.5 million property hunters in Singapore using their site every month.


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