The Straits Times·3 min read·medium
VIP sales at condo launches under scrutiny
J
Joyce Lim✦AI Summary
Singapore's Council for Estate Agencies is reviewing 'VIP sales' practices where property agents purchase significant portions of new condominium units. The move aims to ensure transparency and prevent regular buyers from being disadvantaged during property launches.
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, reported The Business Times.
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