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HSR fined, barred from en bloc deals for a year

Council for Estate Agencies finds HSR's management had approved lead agent's offer of incentive payments to 4 owners of Thomson View condo

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HSR was the marketing agent of the S$590 million en bloc attempt of Thomson View condominium (above). The sale was later scuppered.

Singapore

THE Council for Estate Agencies (CEA) has imposed a financial penalty of S$74,000 on real estate agency HSR International Realtors for two counts of acting for a client without declaring a conflict in interest.

The disciplinary committee of CEA also imposed a condition