ComCom warning for property trader

Peter Meng Huat Lee and PWG Limited, which trades as Property Wise and Auckland House Buyers, have been warned for conduct that is likely to have breached the Fair Trading Act.

The Commission was prompted to investigate Lee after it received a complaint concerning the conduct of PWG in attempting to purchase property from a vulnerable vendor in 2016.

Its investigation focused on whether claims made by PWG to convince customers to make use of its services were accurate and could be substantiated.

The claims were made by Lee and PWG personally to vendors when purchasing properties privately and more generally on the PWG websites.