Popular Estate Agencies
- Baiduri Bank Properties (https://www.baiduri.com/en/personal/investments/property)
- Jefri Bolkiah Properties (https://www.jefribolkiahproperties.com/)
- DSTA Property (https://www.dstaproperties.com/)
- CBRE Brunei (https://www.cbre.com/brunei)
Qualifications and Licences in Brunei
In Brunei, estate agents are required to be registered and licensed with the Housing Development Department (HDD) of the Ministry of Development. The HDD sets the standards for the industry and requires agents to have adequate training and experience. Additionally, estate agents should have a good understanding of the local property market, property laws and regulations, and be able to provide professional and ethical services to their clients.
Breakdown of Estate Agent Fees
Estate agent fees in Brunei are typically negotiated between the agent and the client. The fees can vary depending on the complexity of the transaction, the value of the property, and the level of services provided by the agent.
In general, estate agents charge a commission fee based on a percentage of the sale price of the property. The commission fee ranges from 1-3% of the sale price, and is typically split between the buying and selling agents. Some estate agents may also charge additional fees for services such as property advertising, property viewings, and legal advice.
Apart from estate agents, where else can you find details of property for sale in Brunei?
- Online property portals such as Propwall (https://brunei.propwall.my/) and iProperty (https://www.iproperty.com.bn/property/brunei)
- Local newspapers such as the Borneo Bulletin (https://borneobulletin.com.bn/) and the Brunei Times (https://www.bruneitimes.com.bn/)
- Social media platforms such as Facebook and Instagram
- Word of mouth through friends, family, and colleagues
The use of a buyer’s agent is not very common in Brunei, but it is becoming more popular as more foreign buyers are entering the market. A buyer’s agent is typically hired to help the buyer navigate the property market and find the best property for their needs and budget.
In Brunei, a buyer’s agent is required to be licensed and registered with the HDD. The fees for a buyer’s agent can vary depending on the level of services provided, but it is usually a percentage of the sale price of the property.
Organizations for Foreign Property Buyers in Brunei
There are currently no specific organizations for foreign property buyers in Brunei. However, the HDD provides information and guidance to foreign buyers interested in buying property in Brunei. The HDD can be contacted at +673 238 2525 or through their website at https://www.jabatanperumahan.gov.bn/en.