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Agents
Housing agent arrested for suspected unlicensed money lending
A 40-year-old housing agent was arrested for suspected involvement in unlicensed money lending targeting Housing and Devlopement Board (HDB) flat sellers, said the police in a news release on Wednesday (Apr 1). Police said officers from the Tanglin Police Division acted after receiving information, and and conducted investigations against a housing agent who was allegedly … Continue reading
Proposals to further raise standards in real estate industry being finalised
Proposals to further raise standards in the real estate industry and better protect consumers are being finalised. The Council of Estate Agencies (CEA) is working with the industry to strengthen regulations and disciplinary powers. It is reviewing the Estate Agents Regulations, as well as the Ethics & Professional Client Care. The issues being looked into … Continue reading
Number of real estate agents steady despite strong property market
Despite the red hot property market last year, the total number of real estate agents in Singapore grew by just 1.5 percent in the 12-month period from 1 Jan 2012. According to the Council for Estate Agencies (CEA), the number of registered agents in Singapore grew to 31,040 as at 1 January 2013, up from … Continue reading
Ex-property agent gets 24 weeks’ jail for forgery
A former property agent has been sentenced to 24 weeks’ jail for forgery, cheating and counterfeiting stamp certificates. Andrew Sng Chin Lee, 43, who was an estate agent with HSR International Realtors, pleaded guilty to four charges under the Stamp Duties Act. The father-of-three was also guilty of another three charges of cheating and forgery. … Continue reading
Authorities checking on property agents who evade stamp duty
Channel NewsAsia understands authorities are conducting spot checks on at least seven property developers to find out if they have backdated their documents. It has been about a week since the latest round of property cooling measures kicked in. Among the changes is an increase in Additional Buyer’s Stamp Duty of five to seven percentage … Continue reading
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