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To stay ahead of the curve, real estate agents should have cross-sectoral competency.
At the dialogue, which was part of SEAA’s inaugural CEO Event with the Singapore Industrial and Services Employees' Union, SG Chan addressed how people in the industry can survive as the market slowly turns to alternatives for their real estate needs.
Digital platforms like PropertyGuru and 99.co have emerged, making it easier for the customer to buy and sell property without the need for real estate agents. The real estate industry has also faced numerous challenges over the years, due in large to a sluggish property market.
Figures released by the Council for Estate Agencies in January this year revealed fewer are registering as new agents. The year 2015 saw only 1,299 new agents, which was more than half of the 3,006 in 2014.
Cross-Sectoral Competency
To face these challenges, SG Chan urged workers to learn to expand internationally.
“We have to learn to operate beyond Singapore and not have an island mentality. Nobody comes here to only operate in the Singapore market. People use us as a launching point,” he elaborated.
Another way, he shared, is to professionally develop through having cross-sectoral competency.
SG Chan said: “On your own, you may not have the competencies you may require. If you want legal, finance, accounting or other cross-cultural knowledge, the network of NTUC’s U Associates can help get you these competencies.”
Source: NTUC This Week
