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 long way to go. To the public, property is still very much a cowboy industry.
If developers and marketing agents can play tricks of exaggerating new sale numbers, cover up with returned units without being caught, we can’t avoid property agents mislead buyers with deceiving property deals and crowdfunding platforms.
Tis the season to be fooled again
These property tricks and gimmicks are nothing new. They have been in the market for the last ten to twenty years. Reuse the same catchy phrases and recycle similar sales tactics