Bill seeks to set up stat board to regulate real estate industry

Real estate agencies will be required to appoint a key executive officer (KEO) who will be responsible for the proper administration and overall management of the business and supervision of all their estate agents. The requirement is spelled out in the Estate Agents Bill which was introduced for a first reading in Parliament on Monday. [...]

S’pore real estate firms axe thousands of agents ahead of new MND regulations

Real estate firms in Singapore have axed thousands of agents, ahead of the regulatory framework to be implemented by the National Development Ministry. The framework seeks to professionalise the industry, with the introduction of a new statutory board, known as the Council for Estate Agencies, and enhanced regulatory guidelines. Channel NewsAsia understands that a Bill [...]

Realtors body does not condone ‘scare tactics’

Property agents have been urged to be responsible in the light of “scare tactics” on clients’ concerns. Emails forwarded to MediaCorp detailed how some agents are highlighting the Government’s recent land sales to lower client expectations of property prices. These emails detail correspondence between agents of real estate firm ERA. In one email, a senior [...]