Platform to ease woes of real estate agencies

Smaller and medium-sized real estate agencies are continuously losing ground and are under pressure for survival as large agencies keep expanding, according to industry experts.

Amid the churn, there have also been some welcome instances of big companies lending a helping hand to the small and mediumsized firms. Hong Kong-based Centaline Group, a leading Chinese property agency, has set up Yuancui Information Technology, a platform that helps small and medium-sized property agencies to leverage on its extensive resources for further business development.

"Yuancui will provide medium- and small-sized agencies with a more flexible development mode wherein they can use our solutions to overcome the obstacles related to size and scale. Our range of flexible solutions enables companies to retain their unique market approach without any necessity to be part of the platform," said Shih Wing Ching, founder of Centaline Group.