In a letter to a senior company drew attention to reports of subordinates allocation by the City-State additional land for housing. It encourages agents to use this information in negotiations with real estate sellers who ask the company to "a little lower their expectations".

In another letter, the realtor tells how to persuade clients to buy after the statement that "the market could collapse against a background of very substantial allocation of land by the authorities and the troubled economic situation in Europe."

Assistant Director of ERA Eugene Lim tried to smooth over the negative impression of the public on the said correspondence, reports Property Wire. He said that "all about perception. One person might think that if the market fell by 10%, so it failed. Another because it did not even "scratch". In addition, many sellers are well aware of the current situation and may themselves form an opinion.

The Ministry of National Development is going to establish a Council of real estate agencies, which will regulate this area of activity with the Code of Ethics and professional conduct of Realtors.