Advertisement
Singapore markets closed

  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     

  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     

  • Hang Seng

    18,475.92
    +268.79 (+1.48%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Bitcoin USD

    62,763.96
    +3,004.57 (+5.03%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • Dow

    38,675.68
    +450.02 (+1.18%)
     

  • Nasdaq

    16,156.33
    +315.37 (+1.99%)
     

  • Gold

    2,310.10
    +0.50 (+0.02%)
     

  • Crude Oil

    77.99
    -0.96 (-1.22%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     

  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     

  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

EcoHouse on MAS Watch List

PropertyGuru

Singapore's Monetary Authority of Singapore (MAS) has placed overseas property developer EcoHouse on its Investor Alert List.

The list, according to the MAS website, provides a listing of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or authorised by MAS.

MAS reports EcoHouse's registered address as being 141 Cecil Street #02-03,Singapore, 069541, while its operating address is indicated as being Suntec Tower 2 #42-01, 9 Temasek Boulevard, Singapore, 038989.

PropertyGuru understands that a private meeting will take place tonight (Monday) involving a Brazilian lawyer and investors who invested in EcoHouse products through the Wendy Kwek Network.

ADVERTISEMENT

EcoHouse was widely reported throughout the Singapore media as being the best-selliing overseas property investment in Singapore during 2012, and is thought to have more than 800 individual Singaporean investors, along with other investors from Southeast Asia and around the world.

In February 2013 PropertyGuru reported how the company collected more than S$30 million in investments from Singaporeans for its social housing investments in just 48 hours at its Suntec office opening event.

EcoHouse was not immediately available for comment.

Image: Singaporean investors at the opening of the EcoHouse office at Suntec Tower in 2013.

Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg

Other EcoHouse stories published by PropertyGuru:

June 25, 2014: EcoHouse - we will deliver
January 24, 2014: Echouse "back on track"
January 9, 2014: Ecohouse plays catch-up, stops selling in Singapore
November 13, 2013: EcoHouse frustrations start to surface
June 10, 2013: EcoHouse refutes get rick quick claims
February 13, 2013 ; Echouse attracts S$30m in two days

If you have any comments or observations for publication about your experiences with investing in EcoHouse please email andrew@propertyguru.com.sg

More from PropertyGuru:
Wealthy Asians eyeing Philippine condos
Look what's coming to Bangkok
The Asian rush for black gold
Sydney is world's most liveable city