Property Agent

Property agent fined S$30,000, suspended for ‘unprofessional, unethical conduct’

A property agent has been fined S$30,000 and suspended 12 months for being unprofessional and unethical in a property transaction, said the Council for Estate Agencies (CEA) on Monday (Oct 21). This is the highest fine and longest suspension meted out to a property agent, the statutory board said in a media release. PropNex Realty agent Ngu Ping Chuan James Ethan, also known as James Ngu, 39, made...

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 involved in unlicensed money...

Ex-property agent jailed two years for role in rental scam

A former property agent was on Thursday jailed for two years by a district court for his part in a rental scam that targeted foreign nationals. 41-year-old Jim Tan Kuan Hui, who was unrepresented, pleaded guilty to three charges which involved some S$14,000. Five other similar cheating charges -- also involving foreign nationals -- were taken into consideration during sentencing. Tan also admitted to...

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 include dual representation, ways to avoid...

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. Four similar charges were taken into consideration. He...

Unregistered salesperson fined S$21,000 under Estate Agents Act

An unregistered salesperson who posted flyers in public places was fined S$21,000 on Wednesday. He was charged under the Estate Agents Act. The Council for Estate Agencies (CEA) charged 59-year-old Lum Chap Heng in court on 14 November for posting flyers carrying his mobile number to advertise for landlords and tenants. Lum also represented a flat owner and helped her find potential tenants for her...

Small real estate agencies may consolidate when new rules kick in

Industry watchers said smaller real estate agencies in Singapore may consolidate when new rules to regulate property agents kick in later this year. Agencies are also concerned about recruitment and compliance costs. The government is due to set up the Council of Estate Agencies to regulate property agents. The upcoming regulations seek to weed out rouge agents, and raise professional standards and...

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