How to spot a bait property listing
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Listings that do not name the project, or use generic facade images or street photos instead of actual unit images, should raise red flags.
PHOTO: DIOS VINCOY JR FOR THE STRAITS TIMES
Industry players in Singapore told The Straits Times that bait listing for properties is becoming more common in a highly competitive market. Here is how to spot such listings.
1. Prices are far below prevailing launch prices
Most listings of this kind are for new launches. Buyers can cross-check prices by comparing multiple listings for the project, consulting the developer’s official sales channels or show-flats, or checking recent transaction data on major property portals.
2. Vague description
Listings that do not name the project, or use generic facade images or street photos instead of actual unit images, should raise red flags.
3. Price changes upon inquiry
If the price jumps once you call, ask for proof of availability.
4. Agents offer alternative units upon inquiry
If an agent quickly steers you to alternatives, it often signals that the unit was not available to begin with.
