I Lost $5,400 In A Rental Scam In Singapore: Here’s My Story And How These Scammers Work
By Stacked Homes  •  September 15, 2022
The property rental market is booming in 2022, and tenants are fighting tooth and nail for affordable accommodation. This sort of scenario is fertile ground for rental scams: tenants who are in urgent need may go out on a limb, and trust listings that they normally wouldn’t. In 2022 so far, $3.9 million has been lost to scammers posing as property agents. This week, we get a first-hand account on how these scams work and how their tactics have evolved: The difficulty of finding a rental unit in 2022 When M decided he needed larger accommodation, he started his hunt on the internet. He was looking to upgrade from his current studio apartment to a two-bedder, which would have been perfect for his partner and their three cats. M said the usual portals didn’t seem to have listings that matched their criteria. “The prices have gone up so much, and...
Read the full article
By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance