newsare.net
SINGAPORE — As a marketing tactic, an ERA property agent created a fake listing for a semi-detached house and lied to the Council for Estate Agencies (CEA) when questioned. On Friday (Jan 20), Terrence Lin, 37, became the first person prosecuted for proviAgent fined $5,000 after admitting to creating fake house listing as marketing tactic
SINGAPORE — As a marketing tactic, an ERA property agent created a fake listing for a semi-detached house and lied to the Council for Estate Agencies (CEA) when questioned. On Friday (Jan 20), Terrence Lin, 37, became the first person prosecuted for providing false information under the Estate Agents Act. He was fined $5,000 for his offences. Between September and October 2020, Lin was engaged by the owners of a house at Whitley Residences, a development in Whitley Road which comprises 61 semi-detached units, to sell their property. The owners also engaged another property agent, known only as Gideon, to market their property for sale. In October 2020, Lin placed an advertisement on real estate portal PropertyGuru for the property at an asking price of $4.8 million. This was subsequently lowered to $4.6 million in November 2020 due to a lack of response. Later that month, Lin placed a fake advertisement on PropertyGuru, purportedly for another unit at Whitley Residences. The unit was listed at a lower, more attractive asking price of $4.38 million. Read more