Unseen Dangers of Putting Your Money in Upscale Freehold Properties in Singapore
TLDR Luxury freehold properties in Singapore may not always be the lucrative investment opportunities they appear to be. High-end properties...
Read More
TLDR: Prevent Rental Scams in Real Estate
Scammers are targeting prospective tenants by impersonating Real Estate Salespersons (RES) to deceive victims into making payments for deposits. To avoid falling victim to such scams, consumers should follow three crucial steps:
- Verify CEA Registration: Ensure that the RES’s CEA registration matches the CEA’s registry.
- Check Contact Details: Confirm that the RES’s contact number is registered with CEA.
- Direct Communication: Verify that the RES can be reached via a call using the registered contact number.
By following these steps, consumers can protect themselves from rental scams in the real estate market. Additionally, resources such as videos and CEA webpages provide further guidance on avoiding such fraudulent activities.
Scammers have targeted prospective tenants, and have impersonated Real Estate Salespersons (“RES”) to request for payments of deposits to secure a viewing or secure a lease via a tenancy agreement, and forwarding tenancy agreement to be signed or e-signed by the unsuspecting victim.
To do the above, scammers impersonate RES with existing and valid Council for Estate Agents (“CEA”) Registration number, and with valid listings on property portals. Scammers will also use the RES’s profile picture and display the RES’s phone number in WhatsApps and/or other communication mode.
It is therefore important for consumers to follow the 3 steps below:
- STEP 1: ENSURE the CEA registration of the RES tallies with CEA’s Registry;
- STEP 2: ENSURE the contact number of the RES is registered with CEA; and
- STEP 3: ENSURE the RES can be contacted via call using the contact number registered with CEA.
You can also watch and share this short video https://www.facebook.com/watch/?v=1290133575173534 which contains the 3 simple steps.
Arising from the recent spate of scams involving fake property listings and impersonation of RES, CEA,
together with the Singapore Police Force (“SPF”), have reached out to PropNex to do more for our PropNexians and consumers.
You can visit this CEA webpage at https://www.cea.gov.sg/consumers/rental-scams and Facebook which contain information on how to avoid falling victim to such scams.
Please share this message with your friends and families, in order for them to share with others.
Should You Buy, Sell or Wait?
If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?
It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.
I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.
I can help you by:
- Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
- Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.
You May Also Like …
Singapore’s Best Kept Real Estate Secrets: 5 Insider Tips for Savvy Investors
Singapore's Best Kept Real Estate Secrets: 5 Insider Tips for Savvy Investors Here are 5 insider tips for those looking...
Read More
Top 5 : What Are The Key Factors That Drive Foreign Investment In Singapore’s Real Estate Market
Singapore, a thriving city-state in Southeast Asia, has become a magnet for foreign investors looking to capitalize on its booming...
Read More
Housing Affordability in 2023: Is Singapore Property Truly Unaffordable?
TLDR Singapore’s property market faces challenges with high prices, especially in private housing. While public housing remains more affordable, the...
Read More
Four Things to Avoid When Renting Out an HDB Flat
TLDR Renting out an HDB flat in Singapore can be a lucrative source of secondary income. Key considerations include adhering...
Read More
Should Buying A Low Lease Project Be A Viable Option?
TLDR When considering low lease projects in Singapore, it's crucial to evaluate your individual needs, financial standing, and future plans....
Read More
Top 5 Factors Should Be Taken Into Consideration When Choosing The Right Neighborhood To Invest In Singapore’s Real Estate Market
Singapore's real estate market is known for its stability and potential for growth, making it an attractive investment destination for...
Read More
Top 5 Historical Landmarks in Singapore
Singapore, a bustling cosmopolitan city-state, is known for its rich history and diverse cultural heritage. This small yet vibrant nation...
Read More
6 Possible Risks of Purchasing a One-Bedroom Apartment in Singapore: Key Considerations to Be Aware Of
TLDR One-bedroom condos in Singapore are attractive for their lower entry price and rental potential, but buyers should be aware...
Read More
5 Things to Know About the Singapore Property Tax System
5 Things to Know About the Singapore Property Tax System Here are 5 things you need to know about the...
Read More
Beyond Marina Bay Sands: Uncovering Singapore’s 5 Little-Known Secrets
Beyond Marina Bay Sands: Uncovering Singapore's 5 Little-Known Secrets Singapore is a small country with a rich history and culture....
Read More
Top 5 : Why Ultra-Rich Foreigners Will Still Buy Property In Singapore
Singapore, a small island nation in Southeast Asia, has been steadily gaining recognition as a hotspot for the ultra-wealthy to...
Read More
Top 5 : Best Street Art Murals in Singapore
Singapore, a vibrant and multicultural city-state, is not only known for its iconic landmarks and delicious cuisine but also for...
Read More
What’s Next for HDB Owners?
Buying a home always seems daunting especially such it is a big-ticket item and the prices for private homes can easily...
Read More
How to Identify an “Undervalued Property” in Singapore in 2025: 6 Easy Tips
TLDR Undervalued properties are harder to find in Singapore due to market transparency, but deals still exist. Target areas with...
Read More
Rise In Private Home Ownership Among Those Under 35
TLDR Youth homeownership in Singapore’s private housing sector is rising, with residents under 35 living in private properties hitting 380,459...
Read More
What to Do Before Exercising Option to Purchase?
TLDR Home buyers are advised to thoroughly research property values using online tools, secure an ideal home loan package early...
Read More
Top 5 Factors To Consider When Choosing Between A Resale Condo And A New Launch In Singapore
TLDR Choosing between a resale condo and a new launch in Singapore depends on your priorities as an investor or...
Read More
![Selling your HDB Resale Flat in 2025 [Comprehensive Guide]](https://jaysonang.com/storage/2024/12/Selling-your-HDB-Resale-Flat-in-2025-Comprehensive-Guide-1024x768.jpeg)
Selling your HDB Resale Flat in 2025 [Comprehensive Guide]
TLDR Selling your HDB resale flat involves a structured 14-step process. Start by registering your Intent to Sell on the...
Read More
Top 5 : Best Themed Cafes in Singapore
Singapore, a vibrant and diverse city, is known for its eclectic mix of cultures, cuisines, and attractions. Among the many...
Read More
