Tag Archives: HDB

Unlicensed estate agent found guilty

On 4 June 2015, Jatinder Singh s/o Gurnam Singh was sentenced to 18 months’ imprisonment and fined $41,000, in default 164 days’ imprisonment. He was fined for three charges under the Estate Agents Act (EAA) for acting as an unlicensed estate agent on three occasions. He was sentenced to imprisonment for three Penal Code charges – two for criminal breach of trust (CBT) and one for forgery. Four charges of handling transaction monies and three similar Penal Code offences were taken into consideration for sentencing.

For the EAA offences, Jatinder represented tenants in leasing three properties in 2012 – a unit in The Sail@Marina and two HDB units located in Sengkang and East Coast. He collected commission from the tenants of the three lease transactions. Jatinder also handed transaction monies for the two transactions relating to the HDB properties.

For the Penal Code charges, one CBT charge and two forgery charges were related to the lease transaction of The Sail@Marina while another CBT charge was related to the lease transaction of the HDB unit in East Coast. The two remaining CBT charges were not related to the lease transactions in the EAA offences.

Under the EAA, an estate agent must be licensed with CEA before conducting estate agency work in Singapore. Consumers should only engage licensed estate agents and registered salespersons. CEA also advises consumers not to hand transaction monies to salespersons. Salespersons are not allowed to handle transaction monies in the sale or purchase of any property situated in Singapore and the lease of HDB property.

Where are buyers searching

As part of plans to keep our readers better informed of what’s ‘hot’ in the property market, we provide an update of the most searched properties from the PropertyGuru website in the past week, as well as popular buying locations in Singapore.

The most searched private condominium project was The Interlace, which overtakes Sky Habitat which had topped the list previously for two weeks straight. The 99-year leasehold condo at Depot Road in District 3 is already completed. A Credit Suisse report in May noted that seven apartments were sold at the project in Q1 2015, but there are still 162 unsold units.

The 480-unit Westwood Residences at Jurong West in District 22 remains as the top searched executive condominium (EC) for sale. The project’s popularity could be attributed to its bicycle theme, which differentiates it from other condos and ECs.

The Jurong area has also been attracting a lot of attention with recent news of positive developments such as the future Singapore-Kuala Lumpur high speed rail terminus being built on the current site of Jurong Country Club.

Meanwhile, Sengkang (D19) is still the most searched HDB estate for sale and is now considered a self-contained estate. Residents are within walking distance to several shopping malls and neighbourhood schools.

Happy house hunting!

Top 5 condos for sale

1. The Interlace
2. Sky Habitat
3. The Panorama
4. Botanique at Bartley
5. Kingsford Waterbay

Top 5 ECs for sale

1. Westwood Residences
2. Bellewoods
3. Bellewaters
4. Skypark Residences
5. Sea Horizon

Top 5 HDB estates for sale

1. Sengkang
2. Jurong West
3. Woodlands
4. Tampines
5. Hougang