Facebook trouble for Newland
Newland attracted the ire of the complainant after a Newland Burling and Co Ltd Facebook ad urging consumers to take advantage of a commercial property boom appeared in the complainant's newsfeed.
The ad featured comments like “Yields on commercial buildings are beginning to firm”, and “Commercial yields have already started to decline”.
It also included statements like “Declining yields will undoubtedly continue as more residential investors turn to commercial property”.
The complainant said the advertisement contained contradictory and misleading statements and statements that could not be substantiated.
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