Chinese national charged for appointing Singaporean to purchase restricted property

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

SINGAPORE: A Chinese national was charged in court on Monday (Dec 13) for allegedly appointing a Singaporean to purchase a restricted property in 2014 and hold it in trust for him. Court documents identified the man as Chen Xiaopu, 39, and the resident

SINGAPORE: A Chinese national was charged in court on Monday for allegedly appointing a Singaporean to purchase a restricted property in 2014 and hold it in trust for him.

He was purportedly told by a Singaporean, named in court documents as Song Fanrong, that he would not be eligible to buy the property in his own name as he was a foreigner, police said in a news release. Song allegedly offered to buy the property on Chen’s behalf and to transfer the ownership to him once he gets his Singapore citizenship or permanent residency.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SPF/REA going for a SONG too? Let's sing behind the bar

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore's property market still buzzing in Q4 2021, study findsSingapore continues to grapple with COVID-19, with goals set in place to live with the virus as an endemic disease. Effects of the pandemic continue to affect our daily lives, but the property market remains largely resilient.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Chinese developer Fantasia denies creditor claim on unit's sharesHONG KONG : Chinese developer Fantasia Holdings denied a claim by a creditor that a US$96.98 million loan on which it missed a payment was secured by shares in its property management unit.TFI Securities and Futures Ltd told Fantasia it was entitled to enforce the charge of 780 million shares in the unit,
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »