Media reports have stated that, due to a higher risk that is involved with property investments overseas, the government is planning stricter regulations for foreign developers who advertise in Singapore for High Park Residences.

Furthermore, the advertising code is being reviewed currently by ASAS (Advertising Standards, Authority of Singapore), CEA (Council for Estate Agencies), and MAS (Monetary Authority of Singapore), all working en masse.

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Presently, it is only general principals that are covered by the code. One example is a stipulation that advertisements should in no way mislead buyers via exaggeration, inaccuracy, omissions, ambiguity on Fernvale Singapore condos website or otherwise.

The proposed amendments to the code would require that advertisers need to disclose any investment risks that are involved, what their financial position is, and whether the necessary approval has been secured from the relevant agencies by the project property such as High …