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Is this a sneaky way to make money in property in Singapore? What's your opinion of this tactic?

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Old 26-08-2009, 02:17 PM   #16
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we use our health to earn as much $$ when young, and use as much $$ as we can to get back our health when old..
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Old 16-01-2010, 08:08 PM   #17
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you bet, I am one of the participants. she d not teach at all. she jus a co-ordinator who invite 1 lawyer assistant, 1 clerk who help you open a co., 2 propety "guru". she also introduce USA property, you ppl buy 10 untis she get 1 free. manila property, commercial property etc. she do not teach you anything, there is always disclaimer clause.

pls pple, if you are also the participants, your money is yr responsibility, don invest until you find outmore n ask more qns.

She normally will say she buy how many units, but don show us the contract, who knows? you know, 200pplexpay 3000 for 3 days, she made 600,000 in 3 days. now you know wat is use other pple money to make more.....

her partner is Jerome, malaysian who is almost bankrupt n now clear all debts, how? you must hv guts! to be millionaire use other ppl money as many times as you can. PPl is so easy to put in 60% for a property, yet they still minor shareholder, they cannot ask qns, or involved, or withdraw, Wendy will handle everything. d u investor ask qns, read the contract before invest?

the problem here is the ppl are all way out to get passive income,to make capital gain. they forgot to ask qns n find out more first. they are so trusting in her. watever she do, they follow. by the way,there are more ppl organising such courses. one immitate the other.

she got this entrpneur award.Wonder wat basis is use to give the entpreneur award. I was also eager to learn the technique of property investment ,pay 3k, but d not gain any relevant knowledge n technique. I am very angry but do not know how to get back this money?? most i spoke to are not happy too,but they don want to take action, as they find it troublesome. so wendy know the trend n chances of such thinking. one even cute, still want to cont'nue follow her, not wake up yet, though she know she is already stpd....already invested with her recommendation.

tell yr friend n relative wat is happening here, or they too w swallow their ignorance (lost investment) in silence n don dare to tell anyone. of course, u will make profit in 1st round, slowly then u wake up, not immediate....it took 5 to 8 yrs to find out the truth. who is millionaire? u or her/her partner?

If you are serious of getting your $$ back, you can always band up with the other participants (and probably get those not from your batch as well) to lobby with CASE. I believe Clemen CHiang's Options Trading Course Participants have shown that it is possible to do it if you believe you have sufficient evidence.

And I do agree that the Singapore ENtrepreneur Awards have criterias that are really not stringent enough. Any tom , dick, and harry can apply and I wonder whether the judges/committee verified what is submitted and said by the participants to be authentic.

Last edited by focus1974; 16-01-2010 at 08:10 PM..
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Old 05-02-2010, 02:59 PM   #18
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Hi, Thanks for the advise.

Last edited by WONDER WHY; 05-02-2010 at 03:08 PM.. Reason: amendment
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Old 10-05-2010, 12:41 PM   #19
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I'm one of those suckers who recently paid $3k to attend the course. IMO, this course is not worth more than 1k. My expectation as an investor is that they really offer some good help and guidance, but all they did was give general tips. Here's what the main highlights of the program:

1) Day 1 (7 to 10pm) - play a property game. The objective is to learn some real estate investment principles followed by a debrief of the game and the concepts - basically buy and hold at low, earn income through rental, sell when high, concept of property investment in gaining passive income, etc - very general property investment info.

2) Day 2 (8 to 5.30pm) - sharing by Jerome (basically sales talk n stuff to psyche you up with his testimonials), sharing by a lawyer (Raney Wong - Nation Law LLC) on property investment and promoting his book (I just realized when I ran a check that he was suspended 15months a few years back for offering kickback http://news.asiaone.com/News/AsiaOne...730-79524.html). Ok, objectively speaking, perhspa no issue with him talking about how he did thigns - but ED should have been upfront with who is the speaker and profile, which is not on the program file when fist signed up). They have another law firm - Vision Law LLC which is based in Chinatown point. The paralegal gives her namecard from Vision Law but office address is the same as Nation Law office in HDB Hub.

The paralegal shared some info on conveyancing and how to check a property owner's background (a CEHA certified agent with good experience should be able to do that) and also to offer their special services (no fees for them to check the background, we only pay the cost required for extracting info of owners from the internet, and also to go through agreements free)

After lunch they got a rep from Shenton Mortgage to share on financing, basically offer services, followed by some general lessons on property (e.g. types of property, etc) which is informative in general, including a 10-sec rule to assess if a property is under or over-valued. This is one piece of info I think is worth coming for, but its not worth the $3 price tag.

3) Day 3 (8 to 5.30pm) - started with a talk by HSR director Patrick Liew which IMO is the best part of the 2.5 days. But he's more like a motivational speaker and ultimately the goal is to get us to sign up for their property training program at $850. I see it as a course preview.

Ken Chee introduced his program on value investing, and then a fung shui master, Ric Ow shared about his services and some info on property again on propoerty by Wendy. The day ended with them trying to sell us other programs from ED.

throughout the 3 days they have been talking about their property lobangs overseas such as Penang and Manila. I believe these are units that they bought in bulk at a discount, n sub-offered to us. I'm not too sure the details though, the property deals sounds good.

At the end of the day, waht can I ay about the course?

(A) receive general information about property which you can find in books. I have not learnt how to find good deals except read classified, know where the auctions were, etc. I though I will at least learn how to analyse a property (CEHA style) and the market but I guess I have to pay $850 to join HSR to learn.

(B) be soaked by alot of sales talk (I literally felt I paid $3k to go for a seminar to get services introduced to me instead of knowledge and core value) - I hope this is unique in PIP only and not other of their courses.

(C) Networking with others.

Perhaps the justification for the high cost of the program was the exposure through marketing via SISTIC, CNA, etc. And the reputaion of Wendy. Herself, SISTIC and CNA should give ppl the assurance that this is a decent program.

If that is indeed the case, then I'm a true blue sucker... hopefully I can at least get a partial refund because it's really a waste of time! I don't think it's fair to get a full refund since they do have a little value in their course and I did consume the tangibles - use of the facilities (air con, chair and plain water) as well as food.

Wendy did during the course preview offer a refund guarantee... but I'm not sure if its valid since the booking form indicate strictly no refund. I have to consider what actions to take... cos I really feel I kenna "scammed", the course is not worth the money.
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Old 10-05-2010, 01:15 PM   #20
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There are plenty of seminars/talks offered by people claiming to teach you how to get rich quick, unfortunately almost all are scams like the above, just sales talk asking you to sign up for more courses or talk cock only.
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Old 11-05-2010, 08:05 PM   #21
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sigh.... wasted my money...
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Old 12-05-2010, 09:19 AM   #22
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honestly speaking, if you do have a way of having a valuable source of income, why would you open a seminar and teach others how you do it ?
or even write a book on it, I would gladly be selfish to monopolize the market.
The only way I'm letting people know about it, is only when I do need investors in my business.
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Old 12-05-2010, 10:31 AM   #23
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OMG, this is the first time i am hearing her names but thanks for the warning guys.

i think it's best to look around before u sign up and search for review on the internet.
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Old 12-05-2010, 03:18 PM   #24
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Hi Cupcorn

before you attempt to get any refund from the company, check the program outline that was given to you during the preview for the course. if they promise to cover certain topic but failed to do so or only cover it as a preview for another course, you might have a case.

You mentioned that wendy did mention a refund guarantee but on what condition? It could be anything from "you not making 10,000 in 1 month" to general terms like "the course material does not work"However I think it is unlikely that she would do herself in by saying that anyone can get a refund as long as he/she thinks the course is not suitable for him/her"

Whatever the case, you need to have your payment receipt in hand and have a basis for refund based on what I have mentioned, then you can try lodging a complaint with CASE. Otherwise, might as well forget it cause chances are very low.



If that is indeed the case, then I'm a true blue sucker... hopefully I can at least get a partial refund because it's really a waste of time! I don't think it's fair to get a full refund since they do have a little value in their course and I did consume the tangibles - use of the facilities (air con, chair and plain water) as well as food.

Wendy did during the course preview offer a refund guarantee... but I'm not sure if its valid since the booking form indicate strictly no refund. I have to consider what actions to take... cos I really feel I kenna "scammed", the course is not worth the money.
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Old 12-05-2010, 04:27 PM   #25
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i think Cupcorn didn't waste the course fee of $3K. What he learn is if something is too good to be true, it's too good to be true.

just apply a dose of common sense whenever judging any promise of get rich scheme.
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Old 12-05-2010, 04:28 PM   #26
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sigh... look at the brochures... i tink there's probably no case...
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Old 12-05-2010, 04:34 PM   #27
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i think Cupcorn didn't waste the course fee of $3K. What he learn is if something is too good to be true, it's too good to be true.

just apply a dose of common sense whenever judging any promise of get rich scheme.
i'm not looking to get rich quick...i already own businesses and I really want to learn how to invest in property. But I do lament the fact that they did not deliver what was promised, although they covered the topics in a general sense...

What they delivered was basically a "come, i have negotiated this lobang with developers. Come and see", plus an offer to become a estate with HSR to learn more by signing up for a $850 real estate course...

I mean if I have to pay 3k to go for a course preview, and then pay even more to get the real meat... what for?
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Old 12-05-2010, 08:33 PM   #28
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actually i think what she's doing is not illegal but its hard to do it in reality.

if i am an investor, why would i want to "invest" without putting my name in the property?

btw, i'll suggest that whoever wants to be a property agent, it's best to join someone u know can guide u because a lot depends on ur boss too.

cheers! =)
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Old 12-05-2010, 11:13 PM   #29
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i'm not looking to get rich quick...i already own businesses and I really want to learn how to invest in property. But I do lament the fact that they did not deliver what was promised, although they covered the topics in a general sense...

What they delivered was basically a "come, i have negotiated this lobang with developers. Come and see", plus an offer to become a estate with HSR to learn more by signing up for a $850 real estate course...

I mean if I have to pay 3k to go for a course preview, and then pay even more to get the real meat... what for?
Well, once bitten twice shy..
But it's good you come out and let everyone else know your experience.
It still amazes me that people sign up for this type of courses..
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Old 06-07-2010, 03:19 AM   #30
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hi they also sent e-mails about this course and it's from hwz.
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