Recently, I received many messages from my blog followers asking me to comment on some social media ads promoting free property seminars and investment schemes. When the market is dead quiet, it is not surprising to see frequent appearance of such ads. Although Singapore's real estate market is licensed by CEA and regulated by URA, cleaning up of the industry still has a … [Read more...]
Podcast Ep#23: Returned Units – Who’s The Liar?
Developers have been overstating the sales results of their new projects after last July’s new cooling measures. The situation became out of control in the 4th quarter of 2018. When Credit Suisse published the report “Developer pre-sales: more than meets the eye", the trick was exposed and the truth was finally out. In this episode, we will discuss what caused the deflation … [Read more...]
Can licensing turn property agents into professionals?
Eight out of ten consumers are satisfied with their property agents, according to the Public Perception Survey conducted by the Council of Estate Agencies (CEA). Consumers put service excellence as most satisfied while agents’ knowledge of the real estate industry (financial matters, accurate and up-to-date property information) could be improved. National Development … [Read more...]