Compared with the high of 42,408 at the end of February this year, the number of agents has dropped sharply by 1,169 or 2.7% in just nine months.

However, the industry is still highly competitive, with the overall property registration volume of about 3,701 as of Nov. 30, which is equivalent to 11 people competing for 1 single.

As for the salesman license (S license / fine license) salesman license reflecting the front-line agents, there are 22,380 people as of November, 157 or 0.7% less month-on-month.

The number of estate agent (individual) licenses (E license / large license) recorded 18,859 in November, a decrease of 93 or 0.49% month-on-month.

Reflecting the number of branches, 7,167 business details were recorded, a decrease of 12 or 0.17% from November.

In fact, the property market has fallen in recent months, and many agencies have indicated that they will reduce their scale.

Centaline began the year with about 6,000 employees and has lost 500 in the first 10 months and will cut another 300 by the end of the year; branches are likely to be cut by more than 200 from the current 470.

For Midland, natural wastage of about 400 employees during the year, leaving about 4,800 employees at present.

Another 30 branches will expire in the near future, the branches are not expected to renew their leases.

In addition, Centaline Property said that the bank's residential division recorded commissions of about HK$153 million in November, down about 10.8% month-on-month, a new low after February this year, and the second lowest in more than six years after February 2016.

Ricacorp Real Estate, the company's president Liao Weiqiang revealed earlier that the bank has reduced the number of employees by 400 since the beginning of the year, there are currently 2,200 people, branches currently have 200, the future goal of reducing the number of 10% to 15%.

Hong Kong Land, the current staff of about 1,000 people, the natural wastage of about 5% per month since the beginning of the year (i.e. about 50 people per month), a cumulative reduction of more than 15% compared to the beginning of the year.

In terms of branches, HK Land currently has nearly 100 branches and sales offices, a reduction of about 10% from the peak period, and HK Land said that 10 leases will not be renewed in the future.