Purchasing a condominium offers numerous benefits, including the potential for leveraging its value to fuel future investments. This involves using the condo as collateral to secure financing for additional ventures, allowing the investor to expand their real estate portfolio and potentially increase their returns. While this method can be advantageous, it also carries potential risks that must be carefully considered. It is crucial to have a solid financial plan in place and closely monitor market fluctuations. Furthermore, with the availability of new condo launches, investors now have even more opportunities to diversify their real estate investments and potentially gain higher profits. However, it is essential to thoroughly evaluate each option and make informed decisions based on individual financial goals and risk tolerance. With proper planning and research, investing in a condo can be a valuable addition to any investment portfolio. To explore the latest opportunities, check out New Condo Launches.
SRI, a leading real estate agency, made a major announcement on Jan 1, revealing that it has welcomed 111 agents from Knight Frank Singapore’s agency business, KF Property Network (KFPN), to join its team. The group of agents, including KFPN’s head, Evan Chung, represents 40.5% of KFPN’s sales force of 274 as of Jan 1, 2024, when the agency was ranked as the sixth-largest in the industry by the Council for Estate Agencies (CEA). This move has increased SRI’s sales force to 1,501 agents, making it the fifth-largest property agency at the start of 2025.Read also: Four freehold retail units in Farrer Park for sale at $19.2 milAdvertisementAdvertisementCo-founded by managing partners Bruce Lye and Benson Koh in 2016, SRI started as a spin-off from SRI5000, which the duo had established as a division of SLP Realty six years prior. With its beginnings of 120 agents operating out of a 2,000 sq ft shop unit in Tiong Bahru, SRI has achieved a significant milestone by reaching 1,501 real estate agents as of Jan 1, 2025. The firm aims to expand its team to 2,000 by the end of 2025, as shared by CEO Thomas Tan.Real estate agent vacancies left by the departures have decreased KFPN’s sales force to 145, causing the agency’s ranking to drop from sixth to eighth largest according to CEA public register figures as of Jan 1.However, Galven Tan, CEO of Knight Frank Singapore, has reassured that it’s business as usual for the agency. He states, “We are in the process of appointing a new head to lead KFPN, ensuring strong leadership to drive its growth and success. We will also be evaluating the team’s strengths and expertise to strategically position KFPN for future opportunities.”The addition of 111 agents from KFPN, along with recruits from the four largest agencies — PropNex, ERA, Huttons, and OrangeTee & Tie (OTT) — has also expanded SRI’s business lines, which include residential, capital markets, industrial, auctions, and international projects. According to Tan, many of the new teammates from KFPN are involved in big-ticket deals, which will complement SRI’s existing luxury property segments such as Good Class Bungalows (GCBs).Despite its growth, SRI continues to position itself as a boutique agency with a strong focus on the luxury residential market. Tan’s vision for the agency is to become “a thought leader in the industry, known for its high standards, niche expertise, and client-centric approach”.Evan Chung, the former head of KFPN, now joining SRI as a leader, shares that his decision to move was driven by the agency’s commitment to equipping its agents with effective tools, comprehensive support, and expert coaching. He adds, “The open and collaborative culture here makes us feel supported as professionals and as a team striving for excellence together. Hence, we believe this will be a great platform to grow our business and serve our valued clients through the offerings across the residential, commercial, and industrial market segments, auctions, and international properties.”Read also: Smaller deals lead strata retail sales value to drop 32.1% in 1H2024: Knight Frank