Property sale scam

TheStar Thu, May 28, 2020 07:50am - 3 years View Original


Property sale scam

PETALING JAYA: A list containing the names of hotels within the Klang Valley and Penang purportedly up for sale has been rubbished by estate agents as nothing more than a scam by unscrupulous deal-makers looking to cash in on the uncertainties during the movement control order (MCO).

The list, which has gone viral on WhatsApp, contains more than 40 properties that include a number of well-known four- and five-star hotels, as well as serviced suites up for sale for between RM4mil and RM1.2bil.

Zerin Properties founder and chief executive officer Previndran Singhe (pic below) said he had contacted a number on the list to verify one of the deals. But to his horror, the information memorandum that he received on the property revealed that the deal was being brokered by his own firm.

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