Woman confesses to acting as nominee for foreigners to buy landed properties in Singapore

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SINGAPORE — A 49-year-old woman confessed in court on Tuesday (Dec 14) to violating the Residential Property Act by buying landed properties and holding them in trust under her name for three foreigners.

Song Fanrong, a Singaporean, is set to be sentenced on Jan 5 next year after she pleaded guilty to one charge of acquiring residential property as the nominee of a foreign person.

The court further heard that in 2013, Song became acquainted with Wang Chen, a China national who wanted to immigrate to Singapore and own a house here. The agreement also stated that Song was buying the house on his behalf because he was not a Singapore citizen, and that he was to bear all costs for the property and make payment to Song’s bank account in China.In September 2014, Song entered into a sales and purchase agreement with the developer of Belgravia Villas for a unit that cost about S$3.4 million.

rights to the properties, and surrendered the remaining sum totalling about S$1.6 million to the police’s commercial affairs department.

 

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