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Too fast, too much: Property agents unhappy over PropertyGuru hiking prices | TODAY

SINGAPORE — 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 per cent to 26.6 per cent 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 per cent of the market share, with more than 5.5 million property hunters in Singapore using their site every month.

MORE THAN 20 PER CENT JUMP IN PRICES

Among the four packages offered by PropertyGuru — all of which last for 12 months — the percentage increase for its “Advance” package is the highest at 26.6 per cent.

Agents on that package will have to pay S$2,380 for 12 months from Sept 1 — S$500 more than the price now.

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Too fast, too much: Property agents unhappy over PropertyGuru hiking prices – TODAYonline.

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