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Find out what's happening in the Real Estate industry and about our group at DTZ. Hear first-hand on our service commitment to our clients and discover the prospects of being a Real Estate Agent with us!

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Evan Chung

Evan Chung

Evan Chung leads a branch of 100+ Real Estate Salespersons in DTZ Singapore and has grown the group from success to success. He believes strongly in equipping of skill-sets and dedicates his time to training and mentoring his group of associates.

Consistently interviewed by PropertyGuru, he shares his insights on the real estate market along with tips and strategies for real estate investments. Evan also shares more of such in this blog so whether it'd be finding out where the market is heading, or if you're keen to explore a career as a real estate agent, do spend some time browsing through the articles with a nice cup of coffee.


Cheers and best wishes!

How to be a Property Agent in Singapore

While you may have heard of many success stories by Property Agents (Real Estate Salespersons), being one is definitely not a short cut to riches. All the recruitment promises of making S$100,000 in your first year may not always pan out. No doubt there are those who do and we've personally trained some of such agents. However, many will tell you that it wasn't by luck or some magic formula, but rather having a good plan & strategy and working on it diligently, without ever giving up! These, coupled with a tad bit of favor with their clients and colleagues before their success starts to grow!

Now that you've given it some thought and perhaps even procrastinated for a bit (oh no, for more than a year?), don't worry, it's never too late to get started and take control of your career! So let's have a look at the necessary steps to take to become a Property Agent in Singapore!

Here's a summary of the necessary steps to take:

Basic Criteria

  • Must be at least 21 years of age
  • Must possess a minimum of 4 GCE 'O' Levels passes or equivalent
  • Be a Singaporean or Singaporean Permanent Resident

 

Mandatory Course

  • Real Estate Salesperson (RES) Course
    Can be done full-time over 9-10 days or part-time over 1-1.5 months

 

Exam

  • Real Estate Salesperson (RES) Exam
    Pass in 2 papers required
    Exams are conducted once every 2 months

 

Select an Agency (Estate Agent) to join

  • Meet up with various recruiters to find out more about the Agency and support provided
  • Understand the team's/branch's training program and mentoring provided

 

Licence Registration

  • Submit the necessary documents and payments to the Agency that you'll be joining
  • They will submit your licence registration to CEA on your behalf

 

Undergo Training

  • Attend the necessary trainings to equip yourself with the required skills to be a property agent
  • Gain practical skills through On-the-Job-Training (OJT)

 

Practice!

  • The best way to learn and eventually succeed is to get straight down to meeting clients, doing viewings and working on actual deals

 

As you can see, these are rather simple steps on how to be a property agent in Singapore. However, more importantly, it's the details and specifics especially when it comes to the training and mentoring provided that would make a difference on whether you'll succeed in Real Estate.

My best suggestion to that is to get down to speaking with Successful Mentors who have trained Successful Property Agents. It is important to note that successful agents, or simply top producers may not be strong mentors as they mainly focus on their own sales. Look instead for leaders who have a track record of building strong teams, a comprehensive training program and of course, those who have grown New Agents into Top Producers!

Hits: 12596 Continue reading

Forget COV, Welcome to CUV

Posted by on in Singapore Real Estate News

Evan Chung, Vice President DTZ shares with PropertyGuru editor, Andrew Batt
on the trend of HDB Cash-Over-Valuations becoming Cash-UNDER-Valuations.

b2ap3_thumbnail_evan-chung-dtz-property-news-hdb-cov-vs-cuv.jpg

 

Evan Chung, Vice President of the Resale Division of real estate agency DTZ, said: “CUV transactions have already been transacted and are on the increase.”

Citing recent HDB data, Chung said that 28.5 percent of HDB resale deals during January 2014 were closed below valuation.

“Areas such as Sengkang and Jurong West are now seeing about half their transactions clocking in negative COVs, and I believe the percentage of CUV transactions will continue to rise over the year and likewise, we'll see HDB valuations come down accordingly.”

Chung said that units in mature estates, and in good locations near MRT stations or a shopping mall, will still continue to see demand and command a certain COV.

“This is especially for units that are nicely renovated,” he added.

“For home buyers, the current trend is highly welcomed and I can say the cooling measures and increase in BTO supply have achieved their desired effect.”

“However, I believe the authorities will be wise enough to ease off some of the measures in the near future, otherwise the displeasure that buyers have faced over the last few years will eventually be transferred to home owners when they see their property value erode too fast and by too much,” he concluded.

 

Article featured on PropertyGuru.com.sg on 13th Feb 2014

District Watch: District 19

Posted by on in Singapore Real Estate News

Evan Chung, Vice President DTZ shares with PropertyGuru writer, Cheryl Tay
on the future potential of District 19 and its upcoming developments.

Evan Chung DTZ - Property News - District 19

Evan Chung, Vice President (Resale Division) at DTZ Property Network, says: “While this might seem a long way off, with completion estimated for 2030, I'd have to say that developers and real estate salespersons are already using this as a selling point for projects in the area. And though prices of resale or new properties have yet to show any significant change due to such announcements, I believe the area’s potential, especially with regards to improvements in connectivity, will positively affect demand. Initial respondents to this would of course be real estate developers, followed by buyers and investors.”

Despite this, Chung also foresees that “District 19 will have more developments coming its way, as it still has a lot of untapped potential”. Indeed, Serangoon will become a Sub-Regional Centre with new commercial developments, and Hougang will be revitalized and likely see new HDB BTO and private residential launches; glimpses of these have already been revealed in the Draft Master Plan 2013. Areas like Sengkang, Punggol and Buangkok still have a fair amount of Reserve Sites surrounding the MRT stations, and these could be used to grow the area into hubs like the Woodlands Regional Centre.

 

Article featured on PropertyGuru.com.sg on 5th Feb 2014

Welcome to our Blog!

 

Find out more about what's happening in the Real Estate Industry in Singapore (and perhaps around the world too).

 

We'll also be sharing more about our branch at DTZ Property Network Pte Ltd in terms of our service commitment to our clients and also more about the prospects of being a Real Estate Agent with us!

 

Do check back this space for news, interesting articles, our opinion on various matters and also just plain simple sharing from the heart.

 

Cheers,

Evan Chung