Scare tactics to lure property investors come under fire

The Singapore authorities have criticised the “irresponsible” actions of some property investment educators and real estate agents who use scare tactics to attract customers to their investment courses.

In particular, these people have been flagged for actively pushing the message that “HDB flats will become worthless after 99 years” on social media, so that worried owners will pay thousands of dollars to sign up for their investment courses or sell their Housing Board flats to invest in private or commercial properties.

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