Tag Archives: Consumers Association of Singapore

Tribunal for real estate sales rows?

It’s among several proposals mooted to protect consumers

A SPECIAL tribunal might be set up to resolve disputes over residential real estate transactions – replacing the current bewildering hotch potch of options.

This is one of a wide-ranging set of proposals aimed at protecting consumers and lifting standards in the largely fragmented and self-regulating property industry.

Others include: Accrediting all agents, setting up a central registry and instituting a common entrance examination for agents.

The Ministry of National Development (MND) will launch a public consultation exercise for one month from today.

It has just conducted extensive industry consultations on the proposed shake-up. A key impetus for the review, the Government said, has been the high number of complaints in recent years. Continue reading