{"id":113827,"date":"2020-01-23T10:41:11","date_gmt":"2020-01-23T03:41:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/researchers-withdraw-earlier-claim-of-insider-trading-during-golf-sessions\/"},"modified":"2020-01-23T12:22:32","modified_gmt":"2020-01-23T05:22:32","slug":"researchers-withdraw-earlier-claim-of-insider-trading-during-golf-sessions","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/researchers-withdraw-earlier-claim-of-insider-trading-during-golf-sessions\/","title":{"rendered":"Researchers withdraw earlier claim of \u201cinsider trading\u201d during golf sessions"},"content":{"rendered":"


\nFollowing the Real Estate Developers\u2019 Association of Singapore\u2019s (REDAS) strong denial of the allegations of \u201cinsider trading\u201d during golf sessions, the researchers have now removed their claims in an updated version of the paper.
\nThe researchers behind a National University of Singapore (NUS) research paper claiming \u201cevidence of insider trading in the land market\u201d, have now changed their tune, reported Today.
\nFollowing the Real Estate Developers\u2019 Association of Singapore\u2019s (REDAS) strong denial of the allegations of \u201cinsider trading\u201d during golf sessions, the researchers said they could not establish the allegation and so removed such term in an updated version of the paper dated 19 January 2020.
\nThe researchers from NUS initially claimed that the top managers of Singapore\u2019s real estate developers played golf with each other a lot more after the Government Land Sales (GLS) programme was announced.
\nIt went on to claim that the winning bids for the tenders turned out to be 14.4% lower compared to the winning bids placed by those who did not play golf.
\n\u201cResearch is dynamic in nature. Scientists go through many iterations of the paper in the research process. With this study, we thought we could establish insider trading. This turned out not to be the case, and hence the content on insider trading was removed in subsequent versions,\u201d said the paper\u2019s lead researcher Professor Sumit Agarwal.
\nHe also clarified that the research paper\u2019s online version has been updated.
\nWhile the \u201cinsider trading\u201d term has been deleted, the other findings remained untouched in the paper.
\nThe researchers stuck with their claim that information on land bidding could possibly be exchanged between the managers while playing golf, which in turn could be utilised to make more informed bids to purchase land parcels from the government.
\nREAD:\u00a05 SG Mega-Scale Condos With Stunning Designs
\nRedas has yet to comment on the changes implemented on the paper.
\nThe association earlier categorically denied the suggestion that the industry engages in any form of collusion, insider trading or price-fixing.
\n\u201cWe are appalled by the lead researcher\u2019s unsubstantiated assertion and the conclusions drawn by the authors are misleading,\u201d said Redas last Friday.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Researchers withdraw earlier claim of \u201cinsider trading\u201d during golf sessions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Following the Real Estate Developers\u2019 Association of Singapore\u2019s (REDAS) strong denial of the allegations of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-113827","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tBV","jetpack-related-posts":[{"id":114047,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-review-found-no-sign-of-collusion-among-developers\/","url_meta":{"origin":113827,"position":0},"title":"Government review found no sign of collusion among developers","date":"February 4, 2020","format":false,"excerpt":"\r National Development Minister Lawrence Wong shared that no cases of wrongdoing was found by his ministry. A government-led review has dismissed a claim that developers have been colluding with each other when bidding on Government Land Sales (GLS) tenders \u2013 an act which National University of Singapore (NUS) academics\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113765,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/redas-strikes-back-against-nus-for-developer-collusion-study\/","url_meta":{"origin":113827,"position":1},"title":"Redas strikes back against NUS for 'developer collusion' study","date":"January 20, 2020","format":false,"excerpt":"\r \u00a0 The Real Estate Developers\u2019 Association of Singapore (Redas) has strongly denied the suggestion that the industry is engaged in insider trading, price fixing or collusion, reported Today. This strong sentiment follows the National University of Singapore (NUS) Business School\u2019s recent publication of a research paper that claimed the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113661,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/research-shows-link-between-developers-playing-golf-and-bids-for-government-auctions\/","url_meta":{"origin":113827,"position":2},"title":"Research shows link between developers playing golf and bids for government auctions","date":"January 16, 2020","format":false,"excerpt":"\r The group of researchers say that insider trading among the top executives of real estate development firms happens on golf courses.\u00a0 By analysing the public records of golf players in Singapore and the bids that developers made for government land auctions, a group of researchers said they have unearthed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-more-upbeat-but-worry-over-possible-curbs\/","url_meta":{"origin":113827,"position":3},"title":"Developers more upbeat but worry over possible curbs","date":"October 26, 2017","format":false,"excerpt":"\r Home builders here have become more bullish, but they fear that the improving market conditions would result in more property curbs from the authorities, reported the Straits Times. In fact, the Real Estate Sentiment Index (RESI) show that property developers\u2019 general sentiment has improved. They also have better views\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-property-curbs-to-erode-market-confidence-says-redas\/","url_meta":{"origin":113827,"position":4},"title":"New property curbs to erode market confidence, says REDAS","date":"July 18, 2018","format":false,"excerpt":"\r The new property curbs are a \u201cbig setback\u201d for Singapore\u2019s property sector, according to the Real Estate Developers\u2019 Association of Singapore (REDAS) in a report by the Business Times. These new cooling measures will impact the confidence of property developers, investors and home buyers, said REDAS President Augustine Tan.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentiment-among-property-developers-down-on-july-cooling-measures\/","url_meta":{"origin":113827,"position":5},"title":"Sentiment among property developers down on July cooling measures","date":"October 23, 2018","format":false,"excerpt":"\r The latest round of cooling measures were described as unexpected and surprising, as well as extremely disruptive. Property cooling measures announced in July have dampened sentiment in the property market, with the Real Estate Sentiment Index (RESI) falling sharply to 4.0 in Q3 from 6.6 in Q2, reported the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113827"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=113827"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113827\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}