ECONOMY | Staff Reporter, Singapore

Daily Briefing: CEA sanctions property agent; Sun Rosier condo acquired for $271m

And here's why investors are letting a lot of time slip away.

From PropertyGuru via Yahoo!:

For violating the Code of Ethics and Professional Client Care (CEPCC), the Council for Estate Agencies (CEA) has suspended PropNex Realty property agent Ng Ser Leong and imposed a fine of $6,000.

CEA’s disciplinary committee imposed these penalties after the 44-year-old agent flouted two provisions under the CEPCC while representing an elderly couple in their 80s in the sale of their HDB flat.

First, it was found out that Ng failed to verify if the female seller was fully aware of the transaction’s consequences, as she is illiterate and suffers from an advanced stage of dementia.

Read more here.

From PropertyGuru:

In the latest en bloc sale, SingHaiyi Group has acquired Sun Rosier condominium at 5A How Sun Drive off Bartley Road for $271 million, up 15.3 percent from its $235 million asking price.

The bid for the approximately 146,046 sq ft freehold development was submitted by its subsidiary SingHaiyi Properties together with Huajiang International Corporation, the group said in an SGX filing.

Read more here.

From The Motley Fool:

Too many investors, especially at first, spend their time hunting for stocks they expect to rise in value. Capital growth is all they care about.

Some rush around trying to catch falling knives in the hope that they will quickly fly upwards again.

Others jump onto momentum stocks in the expectation that they will continue to power ahead.

Another strategy approach is to buy undervalued stocks and hope they recover.

Read more here.

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