SRI, a leading real estate agency, recently announced that 111 agents from Knight Frank Singapore’s agency business, KF Property Network (KFPN), have joined their team, including its head, Evan Chung. This acquisition brings the total number of agents at SRI to 1,501, making it the fifth-largest property agency in Singapore.
Founded in 2016 by managing partners Bruce Lye and Benson Koh, SRI started with 120 agents and has since grown to become a major player in the market. The addition of 111 agents from KFPN, along with recruits from other top agencies, has further strengthened SRI’s position in the industry.
With the expanded sales force, SRI aims to further enhance its existing business lines, which include residential, capital markets, industrial, auctions, and international projects. According to SRI’s CEO, Thomas Tan, the increased number of agents will also help the firm achieve its goal of reaching 2,000 agents by the end of 2025.
Despite its growth, SRI remains dedicated to providing a boutique experience for clients, with a strong focus on the luxury residential market. Tan envisions SRI as a thought leader in the industry, known for its high standards, niche expertise, and client-centric approach.
Chung, who now joins SRI as a leader, says that his decision to move was motivated by the agency’s commitment to equipping its agents with effective tools, comprehensive support, and expert coaching. He also spoke highly of the open and collaborative culture at SRI, which fosters a sense of camaraderie among agents and a drive for excellence.
Following the departure of Chung and other agents, KFPN’s sales force has decreased to 145 agents, and the agency has dropped from sixth to eighth place in the CEA public register rankings. However, Knight Frank Singapore’s CEO, Galven Tan, assures that it’s business as usual at KFPN, with plans to appoint a new head to lead the team and further strengthen its position in the market. He also adds that the agency will evaluate the team’s strengths and expertise to identify opportunities for growth in the future.