Case · Singapore · Oct 2022 – May 2025

When tracking captures everything, nothing stays a real lead.

We took over this Singaporean mortgage broker's account in October 2022, two months after they'd rolled out GA4. The new tracking captured every scroll, page-view, form-open and chat-open. Without curation, every one of those was eligible to count as a Google Ads conversion.

Engagement
32months
Managed spend
SGD 67K
Qualified leads
1,602

What GA4 captured · all events lifetime

5conversions kept ·5demoted to engagement ·211Kscrolls excluded alone
scrollEvery time a user scrolled down the page
Excluded
211,205fires
page_viewEvery page load, including refreshes and back-button
Excluded
129,830fires
first_visitEvery new visitor — including ad clickers, organic browsers, bots
Excluded
77,574fires
open_formUser started filling a form. Doesn't mean they finished.
Excluded
6,507fires
leadbooster_openedPipedrive chat widget opened. Says nothing about lead quality.
Excluded
4,069fires
phone_clickUser clicked the phone number to call. Real intent.
Conversion
2,105leads
form_filledForm completed and submitted
Conversion
2,058leads
submit_formAlternate handler for form submissions
Conversion
1,586leads
leadbooster_leadPipedrive chat actually qualified the conversation as a lead
Conversion
422leads
email_clickUser clicked the contact email link
Conversion
9leads
What we did

Curate the conversion taxonomy first, then run the campaigns.

01 · Curate

50+ legacy conversions audited; five kept.

The account inherited 50+ conversion actions accumulated by previous setups — Universal Analytics imports, defunct landing-page goals, “Smart Goal” auto-imports that count any 5-page session as a conversion. We went through each one, kept the five lead events that actually represent intent (phone clicks, form fills, qualified Pipedrive chat leads, email clicks), and demoted the rest.

Without that curation, the account would have reported ~6,500 form-opens and 4,000 chat-opens as "conversions" in Google Ads — inflating the visible CPA improvement while quietly destroying every bid decision based on it.

02 · Diversify

Five attribution channels, up from two.

Before we took over, the only conversion actions firing were two form-submission handlers. Phone calls, WhatsApp contacts, and chat-qualified leads were happening in the business but invisible to the ad platform. We added phone_click, WhatsApp contact, Pipedrive LeadBooster, and email_click as tracked conversions — so every channel that actually produced a lead got attributed correctly.

Result: Google’s bidding algorithm could finally see the full picture. CPA stopped being a half-truth.

First-month signal: +207% conv, +117% conv-rate, −17% CPA. What mattered: those held for 31 more months.

03 · Hold the line

32 months in a SGD 30–60 band — with dedicated landing pages holding the floor.

Once tracking was clean, the work shifted to maintenance: weekly search-term review, monthly Looker Studio reports, seasonality tuning around Chinese New Year and year-end mortgage cycles, periodic competitor-overlap analysis. We built dedicated landing pages for each ad cluster — tighter conversion paths than the broker’s own site, which kept the funnel performant independent of the main-site UX. We ran a US-targeted home-equity sub-campaign for three months in 2024 — killed it at SGD 244 spend with 0 conversions because the data said no.

CPA stayed in a SGD 30–60 band for 32 straight months. Year averages: 2023 SGD 43.81 · 2024 SGD 41.98 · 2025 SGD 41.81. Within SGD 2 of each other across three years.

Testimonial · WAYNE QUEK, CFA
I have witnessed firsthand his talent for managing my Google Ads account, where his strategic thinking and attention to detail played a pivotal role in the success of our team.
— Wayne Quek, CFA · Mortgage broking (Singapore)
By the numbers

32 months, 1,602 qualified leads, no surprises.

From October 2022 to May 2025 — when Wayne wound down ad spend to evaluate his marketing — the account ran in a tight, predictable band. Same five conversion actions every month. Same SGD 40-something CPA every year.

Engagement
32months
Oct 2022 – May 2025
Managed spend
SGD 67K
35,819 clicks total
Qualified leads
1,602
5 attribution channels
Avg CPA
SGD 41.89
SGD 30–60 band, every month
CPA trajectory · 32 months
Oct '2232 months · band SGD 30–60May '25
CPA, year by year
2023
SGD 43.81
475 leads · 12 months
2024
SGD 41.98
712 leads · 12 months · peak month Sep · 83 leads
2025
SGD 41.81
309 leads · 5 months · clean wind-down

Boring, predictable, attributable. That's what good PPC looks like.

Every engagement starts with a 30-minute audit — free, no slides, just a screen-share through your account.

Book the audit