Tag Archives: Property Agents

Dishonest Singapore Property Agent Cheats Novice Property Buyers

Posted on 14 Sep 2009 | Comments Off on Dishonest Singapore Property Agent Cheats Novice Property Buyers

Today we watched in horror another Dishonest singapore property agent attempts to cheat hdb property buyer. He asked for deposit of $1000 as money for option to purchase but gives the home buyer only an empty option to purchase form that is unsigned.

This is a time to be extremely careful especially for novice property investors, dishonest property agents in Singapore are out on the loose again. A hot property Market has the same effect as changi prison not locking it’s gates. Yes, criminals running amok.

During a hot property market dishonest Singapore property agents run amok. They find many preys as people are generally guided by fear and greed.

Agents spin stories about prices going up now if you don’t buy.  Fear that the Property market will run away with hefty price rises! This cuts short the thinking process, things are not thought through in detail.

Greed, in that they want to get in quickly as the market is rising, they can buy and sell at a higher price.

Source: Channel 8 news – 12 Sep 2009

TRUE STORY OF DISHONEST SINGAPORE PROPERTY AGENT CHEATING

Recently around late august, a novice Singapore property investor Miss Yuen came to us to get a Singapore home loan for her studio apartment. She (the property buyer, Miss Yuen) recounted her interesting encounter with a Dishonest Singapore property Agent. Continue reading →

Comments Off on Dishonest Singapore Property Agent Cheats Novice Property Buyers

Posted in CEA

Tagged , ,

Property agent review under way

Posted on 21 Aug 2009 | Comments Off on Property agent review under way

Better regulation and new training and exam requirements expected

TOUGHER powers to nail dodgy operators and new ways to solve disputes with home buyers are some of the recommendations expected from a review of how estate agents go about their business.

Industry experts also expect the government appraisal to outline new training and exam requirements for agents entering the business.

The impetus for the review – the report will be made by the end of the year – has come from the real estate sector itself, with leading players lobbying the Government to look at regulating the largely fragmented industry with very low entry barriers.

The move is timely. There has been a significant rise in sales and values in recent years – and a new boom seems on the starting blocks – while complaints against errant agents have soared.

The Consumers Association of Singapore received 1,100 real estate-related complaints last year, 1,113 in 2007, and 991 in 2006. Continue reading →

Comments Off on Property agent review under way

Posted in CEA

Tagged