Top 5 Vegetarian Restaurants in Singapore
Singapore, a melting pot of cultures and cuisines, offers a diverse range of dining options for food enthusiasts. For vegetarians,...
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 …
5 Tips : Riding the Wave: How to Profit from the Upcoming Boom in Singapore’s Property Market
Singapore's property market has always been a hot topic among investors and homebuyers alike. With million-dollar HDBs being sold and...
Read More
Top 5 : Greatest Challenges That Investors Face In Singapore’s Real Estate Market
Singapore's real estate market is a dynamic and attractive investment landscape for both local and international investors. Known for its...
Read More
How Can Decoupling Help You in Buying a Second Property?
TLDR Decoupling property ownership in Singapore can help you avoid hefty Additional Buyer's Stamp Duty fees when purchasing a second...
Read More
Top 5 Boutique Shopping Streets in Singapore
Singapore, a cosmopolitan city-state known for its vibrant culture and diverse shopping scene, offers a unique blend of modern malls...
Read More
From Garden City to Smart Nation: Singapore’s Top 5 Goals Building a Sustainable and Livable City
Singapore is a small island city-state with a population of over 5 million people. Its urban landscape is constantly evolving,...
Read More
Top 5 Best Non-Touristy Things to Do in Singapore
Singapore, a vibrant city-state known for its iconic skyline and diverse culture, offers a plethora of experiences for both tourists...
Read More
5 Tips To Spot Winning Investment Properties In Singapore
Investing in real estate is an exciting and potentially lucrative venture. In Singapore, a thriving property market attracts both local...
Read More
Top 5 Luxury Dining Experiences in Singapore
Singapore, known as the Lion City, is a melting pot of cultures, cuisines, and luxury experiences. With its rich history,...
Read More
Why Chinese Investors Should Not Be Deterred by ABSD: 5 Reasons
Why Chinese Investors Should Not Be Deterred by ABSD: 5 Reasons Here are the top 5 reasons why Chinese investors...
Read More
Are We Truly Headed For A Slowdown? How Will This Affect Property Prices?
TLDR The pandemic-induced recession has surprisingly boosted property prices in Singapore, defying conventional economic trends. Factors like cost-push inflation, limited...
Read More
