The Straits Times·3 min read·medium
Condo VIP sales need clearer rules to ensure transparency
J
Joyce Lim
✦AI Summary
Concerns are growing in Singapore regarding 'VIP sales' at condominium launches, where property agents purchase a significant portion of units before public access. Critics are calling for clearer regulations and transparency to ensure fairness for ordinary home buyers.
At Sim Lian’s Emerald of Katong, which launched in November 2024, agents bought 173 of 846 available units, about 20 per cent of the project.
businesseconomy
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