SUBSCRIBERS

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

Published Tue, May 17, 2016 · 09:50 PM

Council for Estate Agencies

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 disallowing HSR from undertaking any collective-sale work for one year from April 20, 2016.

The su…