He is a property agent specialising in high-end areas such as KLCC, Bangsar and Mont Kiara. He is from the following realtor:
Sherwood Realtors
Estate Agent License: E31139
Address: No 19-2,Jalan Solaris 4,Solaris Mont Kiara, Kuala Lumpur 50480 Malaysia
City: Mont Kiara
Postal Code: 50480
State: Kuala Lumpur
Phone: 03-62049311
Fax: 03-62049411
Mobile: 012-393 5230
Website: rickyklcc.iagent.my
Why is he notorious? According to property agents, he is (in)famous for posting "To Sell" property classifieds online at way below market price when in fact he does not even have the unit available for sale from the owner in the first place.
Why you may ask he do this then? Well, according to informed sources from the same industry, his dirty little strategy is to get the attention of property buyers. Once a buyer sees his below market price listing and call him up, he will pretend that he has the unit and will check with owner. He will then proceed to call up potential sellers or other agents (who has the real listing) to entice them to sell because he can claim that he has serious buyer offering a firm price. Sometimes he will say buyer is a cash-buyer to try to get a quick sale from the seller. And to show the buyer's so called sincerity, he will present the buyer's 2% earnest deposit cheque to the seller on the first meeting. This 2% amount can be tens of thousands if the property is worth millions.
Basically, he is trying to pressure the seller to sell at his ridiculously low price by dangling the cheque as carrot. Sometimes he will also paint a bleak picture of the property in terms of depressed selling price to further pressure the seller.
Many times, when he fail to get the price lowered by the seller, he will call the buyer to tell them that the unit has been sold or not available anymore. This Rick y Leong strategy is called "lying through your nose".
So his simple dirty tactic is to push down the price of property to get the attention of a buyer and then proceed to find desperate sellers at the ridiculously low price so that he can close the deal fast and earn his commission.
According to the informed sources from the same industry, many times, property owners who saw his online classifieds will call him up to scold him and give him a earful for deliberately depressing their property prices. Arrogantly, his reply to all the owners and also his peers is "So What? I dont give a damn!"
You can see his unreal and unethical property listings at way below market prices here:
http://www.iproperty.com.my/property/searchresult.aspx?t=S&gpt=AR&st=KL&ct=&k=park+seven
or
http://www.iproperty.com.my/property/searchresult.aspx?t=S&gpt=AR&st=KL&ct=&k=pavilion
or
http://www.iproperty.com.my/property/searchresult.aspx?t=S&gpt=AR&st=KL&ct=&k=marc
So to all property sellers out there - BEWARE!
If you choose to use Ricky Leong to sell your property, without you knowing, he is busy working behind the scene to depress your property price. He is not acting on your behalf in good faith. He is actually short changing you.
As for all the buyers who are attracted to his low prices advertisements, please dont waste your time with him. 99% percent of the time, he does not even have the property as claimed on his classified advertisements. Even if he does, would you want to deal with an unethical, immoral and unscrupulous property agent like Ricky Leong?
Stay tune for Candidate No.2 on our Blacklist which will be revealed soon. He practises the same dirty tactic as the infamous Ricky Leong.
