Couple Sue Agency After Buyer Flips Flat For Profit

[Misc100 2]

Couple sue agency after buyer flips flat for profit

Selina Lum

Thu, Jan 22, 2009

The Straits Times

WHEN a married couple sold their downtown apartment for $688,000 in 2007, they thought it was the best deal they were going to find.

But soon after they granted the buyer the right to purchase the property, the two-bedroom Keng Cheow Street apartment was re-sold for $945,000.

It was only later that Mr Yuen Chow Hin and Madam Wong Wai Fan found out about the second deal.They also learnt that the woman who bought their flat - and flipped it for a healthy profit - was married to the boss of their real estate agent.