The Malaysian Insider, 6 Feb 2009
SINGAPORE, Feb 6 — Thousands of property agents in Singapore have fled the industry over the past year amid the real estate slump but the tight job market here has forced new recruits to try their hand despite the lean pickings. The number of people attending recruitment courses — anyone from housewives to sacked bankers have turned up — has leapt in recent months and property agencies believe the trend will continue.
But the loss of personnel has been dramatic, with industry experts estimating that around 8,000 to 10,000 have quit in the past 12 months, leaving about 18,000 to 20,000 active agents.
More are expected to drop out as the property market worsens but the extent of the fall is being offset by new recruits.
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