Overseas properties, investment schemes to come under advert

Iskandar region encompasses an area of 2,217 square kilometers covering the city of Johor Bahru and the adjoining towns of Pontian, Senai, Pasir Gudang and the construction of a new administrative capital in Nusajaya.
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amanda_tang
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Joined: Tue Aug 11, 2015 10:53 am

Overseas properties, investment schemes to come under advert

Post by amanda_tang » Tue Aug 11, 2015 12:23 pm

ENHANCED guidelines under Singapore's code of advertising practice unveiled on Monday have widened the regulatory scope for advertisements on investments to include overseas properties and investment schemes, and even investment seminars.

From Aug 12, these advertisements have to comply with a higher standard of warnings, disclosures and qualifications to ensure potential risks are properly highlighted to the public; they should also not contain claims that give the impression that an investment is safe, low-risk or risk-free or can generate quick, easy or high profits with little or no risk.

Among the new guidelines, advertisements on overseas property-related investments should clearly state what investors are acquiring (such as interest in the land, building, or property within the building). Advertisements on overseas real properties cannot mislead or exaggerate their actual location, physical nature, legal titles, and the developers' financial position. For properties being developed, their advertisements have to state the building permit or approval numbers and the identity of the issuing authority.

These guidelines apply to all media platforms, including online advertisements, said the Advertising Standards Authority of Singapore (ASAS), an advisory council under the Consumers Association of Singapore (Case).

Read more, please click -> http://www.lelongtips.com/blog/news/169 ... guidelines

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