In the real estate business, the things are stable now.The world has changed today and this change has brought many positive and negative sides.They are bad because the property rates have declined and good because the buyers are willing to buy due to the price factor.However, for businessmen who are into real estate business, things are good and bad.

With the low entry barrier, the real estate agents make up 30,000 of Singapore’s population of 4 million residents. Coupled with non-existent requirement for qualification test or exam for the job holders, that probably explains the deteriorating service within this real estate industry.

The global financial crisis, which originated in the U.S. sub-prime loans has brought the investigation to the economy. As a result, companies are folded and consumers are homeless. Today, one year after the subprime storm, it’s nice to see that companies returned almost to levels before subprime crisis.

Their presence has indeed cost Singapore’s fine reputation as a well oiled engine. In an industry where the job entry barrier is set artificially low, it is perhaps no surprise that real estate industry has churned out all sorts of misfits and rogue agents.