Recently, we usually hear several complaints in the timeshare industry. Most complaints were from owners who are trying to get out of their timeshare contracts and thus, work it out with a timeshare resale company. In Singapore, the Consumers Association of Singapore (CASE) expects timeshare disputes will be among the top complaints this year.
As we all know, timeshare is a form of ownership or rights to the use of property. These are usually in the form of resort condominiums to be used for certain periods in a year.
On the other hand, the number of complaints according to CASE will reach 2,000 by year-end. These complaints usually were related to resale companies as they commonly victimize consumers who are desperate enough to end agreements with other timeshare providers. The common methods of these firms used are offering enticing deals to transfer timeshare contracts and these comes with corresponding fees amounting to thousands of dollars. The complaints show that more often, these deals remain as unfulfilled promises.
As a result, the CASE is lobbying for timeshare-related legislation in order to protect consumers. According to Seah Seng Choon, executive director of CASE, a timeshare legislation is important to ensure transparency and ethical practices.
Currently, the number of complaints in the timeshare industry is still increasing in any part of the world. That’s why owners trying to get rid of their timeshares is not new to us. As a matter of fact, some of these owners even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. However, along with these complaints should be the government’s action to protect the timeshare consumers and to further develop the timeshare industry.