The Hong Kong Competition Authority opens an investigation into four estate agencies following their issuance of internal memos on net commission for first-hand property transactions (Centaline / Hong Kong Property / Midland reality / Riacorp)

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Hong Kong Competition Authority, Centaline / Hong Kong Property / Midland reality / Riacorp, Press release, 6 January 2023

Statement by the Competition Commission regarding estate agencies’ internal memos on commission for first-hand property transactions* In response to recent media reports about four real estate agencies’ internal memos regarding commission for first-hand property transactions, the Competition Commission (Commission) issued the following statement today (6 January 2023): The Commission is aware of media reports that

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