Fewer people are now interested in becoming property agents in Hong Kong, as the real estate market remains weak.
According to Estate Agents Authority, the number of registered candidates for the qualifying examinations dropped 45 percent to 1,877 this month, from 3,417 over the same period last year.
“With all the uncertainties in the market, fewer participants are seeking qualifications from us,” said Vivien Chan, Chairman of Estate Agents Authority.
“Although the government seems not to have any new measures for the market now, the existing ones, such as the Special Stamp Duty and the lower loan-to-value ratio, are likely to linger for quite some time. Plus, the global market outlook remains very cloudy on the crisis in Europe.”
The qualifying examinations for property agents this month will be held on 16 and 17 February. Ten qualifying exams — four for estate agents and six for salespersons — are set by the authority annually.
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