Thank you for your interest and favourable review of The Amore EC.
Thank you also for your queries and allowing us this opportunity to address your concern.
I am one of The Amore EC Developer’s Appointed Marketing Core Team (CT) member, kindly allow me to provide some possible explanations on the discrepancies you have encountered recently.
As on 16 Dec 2015 at 9am, the cheapest 3BR unit is #01-14 $748K (NPS-Normal Payment Scheme) or $755k (DPS-Deferred Payment Scheme).
The Amore EC Latest Promo valid from 3 Dec 2015 to 31 Jan 2016, additional discount as following:
3BR: $10k
4BR: $15k
5BR: $20k
*Price and Promo Subject to Changes by Developer
The following could be one of the explanation for the pricing discrepancies:
1. #01-14 was sold in late Sep 2015 but was returned recently on 25 Nov 2015. Hence, #02-14 $751k (NPS) was the lowest starting price for 3BRs in between those period.
The sudden return of #01-14 or any other unit could be attributed to any of the following:
- HDB EC-Application/Appeal not approved
- Buyers change unit (additional administrative fees may apply)
- Buyers aborted the purchase due to insufficient funding or personal reason (5%-20% penalty applies)
2. Before 3 Dec 2015, the discount given by Developer was more. The agent who quoted $730k may have inadvertently missed out on the updated discount
3. The agent who quoted higher recently may have unintentionally missed out on the recently returned unit #01-14
Developers’ Appointed CT and all Real Estate Salespersons (RES) are guided by CEA to avoid misrepresentation with detrimental consequences if found guilty as explained in the following links:
1. Service Manual Helps Reduce Cases of Misrepresentation
http://www.cea.gov.sg/cea/content/binary/pdf2Files/Service%20Manual%20Helps%20Reduce%20Cases%20of%20Misrepresentation.pdf
2. Professional Service Manual (PSM)
http://www.cea.gov.sg/cea/content/binary/pdfFiles/Practice_Guidelines_on_Professional_Service_Manual_(PSM).pdf
It also doesn’t make sense for any agent to quote wrong prices for these reasons:
1. Buyers like yourself could easily verify online or URA latest transactions and switch to engage another agent that quoted the lowest or most accurate pricing
2. Developers monitor closely our online advertisements to ensure we provide the most accurate information on the date of postings to promote sales. CT members that were found misleading or incompetent could be barred from marketing the project or worst, barred from all future projects.
3. Agents that quoted lower prices may be pressured by buyers to honour those prices at agents’ own expenses which may be deemed unethical under CEA (Source: PSM 1.10.1 – Page 16) and may put agent’s licensing at risk for severe cases. Agents doing so may also risk angering and losing the buyers if the prices were not honoured
4. CEA may conduct random spot checks and give disciplinary warnings that stays on the agent’s record for 3 years. The CEA Public register could be easily accessed by public via CEA@SG App
5. Dishonest agents usually do not last long in the industry as good reputation is crucial for long lasting relationship with fellow agents and returning buyers
Based on personal experience and observation as consumer, home owner and fellow agent… ‘Honesty is ALWAYS the Best Policy’. That said, ‘To err is human, to forgive is divine’, do kindly forgive us if we inadvertently gave out outdated information in error due to hectic scheduling or such as more and more of us have to juggle more and more projects to make ends meet for our family and loved ones.
Rest assured that there are several systems in place that would highlight discrepancy in actual pricing during the initial booking with Developer and require buyer(s) to countersign on the final price.
*To Be Continued Below...
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