Below is a letter I wrote to the editor of The Straits Times three weeks ago. Unfortunately, it was not picked up and has never been published in the Straits Times Forum.
After the hectic election week, things are back to normal now. Let me share the content of the letter in my personal blog.
P.S. The two new home sales tactics of re-issuing OTPs and buyer kickbacks mentioned in my letter are originally shared by the writer of the newspaper article “Fear of missing out? Beware agents’ hype on new home sales and prices” (The Business Times, June 25, 2020).
June 25, 2020
I refer to the article “Fear of missing out? Beware agents’ hype on new home sales and prices” (The Business Times, June 25). (https://www.businesstimes.com.sg/companies-markets/fear-of-missing-out-beware-agents-hype-on-new-home-sales-and-prices)
Recently, the tactic to continue re-issuing options to purchase to buyers upon expiry has been widely adopted by developers and their marketing agents in newly-launched condominium projects.