Irresponsible tactics to lure Singapore property investors come under fire from authorities

Some property investment educators and real estate agents have used scare tactics to attract customers to its investment courses.
Some property investment educators and real estate agents have used scare tactics to attract customers to its investment courses.ST PHOTO: LIM YAOHUI

SINGAPORE - The Singapore authorities have criticised the "irresponsible" actions of some property investment educators and real estate agents who use scare tactics to attract customers to its investment courses.

In particular, these people have been flagged for actively pushing the message that "HDB flats will become worthless after 99 years" on social media, so that worried owners will pay thousands of dollars to sign up for their investment courses or sell their Housing Board flats to invest in private or commercial properties.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.