Two property agents have been fined for marketing Build-To-Order (BTO) flats that did not fulfill their five-year minimum occupation period (MOP). Ms Christina Au was on Jan 18 fined $1,000 and censured for her involvement in marketing an HDB flat in Yishun Street 51, while...
A three-room HDB flat at 110A Depot Road, described as “never stayed in before, brand new” in its listing, had an asking price of $650,000.Two property agents have been fined for marketing Build-To-Order flats that did not fulfill their five-year minimum occupation period .
In a statement to The Straits Times on Tuesday, the Council for Estate Agencies said two agents had breached the Code of Ethics and Professional Client Care for failing to comply with the regulations that apply to Housing Board flats. It did not name the agents or the agencies they work for. In December 2022, ST reported on several unrenovated BTO flats that appeared to have never been lived in being put up for sale on property listing portals.
ST later reported on a listing for a three-room flat in 110A Depot Road, which Ms Loo described as “never stayed in before, brand new”, with an asking price of $650,000. At the time, the unit was just over five years old.
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