More property agents in 2024
The number of registered real estate agents has increased in the last 7 years, as shown from the latest figures from the Council for Estate Agencies (CEA).
| Year (as at 1 Jan) | Number of Property Agents |
|---|---|
| 2024 | 35,251 |
| 2023 | 34,427 |
| 2022 | 32,414 |
| 2021 | 30,399 |
| 2020 | 30,073 |
| 2019 | 29,146 |
| 2018 | 28,571 |
2,170 new property agents joined the sector in 2023.
This was lower than the 2,179 agents who joined in 2022 and 2,308 agents in 2021.
Given that 2,170 joined in 2023, it works out that 1,346 agents left the sector (3.9%).
As for the Top 10 agencies,
| Property Agency | Number of Agents | |
|---|---|---|
| 1 | PropNex Realty Pte Ltd | 11,999 |
| 2 | ERA Realty Network Pte Ltd | 8,891 |
| 3 | Huttons Asia Pte Ltd | 5,298 |
| 4 | OrangeTee & Tie Pte Ltd | 2,814 |
| 5 | SRI Pte Ltd | 1,286 |
| 6 | KF Property Network Pte Ltd | 274 |
| 7 | C&H Properties Pte Ltd | 194 |
| 8 | Century 21 Pte Ltd | 117 |
| 9 | SN Real Estate Pte Ltd | 105 |
| 10 | CBRE Pte Ltd | 97 |
OrangeTee & Tie, which tumbled out of the top three rankings in 2022, is the only one among the top five agencies to register a drop of about 11 per cent year on year in its sales force headcount.
Meanwhile, Huttons recorded the highest growth of close to 9 per cent.
For 2024, I might be 1 of the new agents joining the property sector 😄
