Mon, Nov 23, 2009

The New Paper

She earned twice as much in a month as she did in a year

By Desmond Ng

A RECORD 5,719 private homes were sold from July to September - surpassing the previous record of 5,129 units in the second quarter of 2007.

Because of this boom, real estate agencies have reported stellar performances, with more people signing up to become agents.

In one month, this property agent earned $90,000 in commission nearly twice the amount she did for the whole of last year. And it's thanks to an unexpected mini property bull run in the third quarter of this year. The returns can be attractive - just ask property agent Wee Ai Na.

This 34-year-old earned about $90,000 worth of commissions in October, far exceeding the $48,000 that she earned in the whole of last year.

Miss Wee, an agent with ECG Property, said her recent deals were all sales of private condo units averaging some $1.5 million each. She sold six condo units last month, with a total value of about $10 million, in the prime 9, 10 and 11 districts.

Most of her transactions are new units from developers, where the commission is less than 1 per cent.

Said Miss Wee: 'I never expected to do so well. But the market did really well and I guess I was lucky. It was a lot of hard work and I guess I got my