, a violation of residential property laws.
Landed and cluster homes are classified as restricted residential properties, meaning foreigners generally cannot buy such properties. Those who wish to do so must submit applications to the Singapore Land Authority.Chen and Wang, along with a third Chinese national Liu Guohui, engaged Song's services to help them with an immigration application.
The three men agreed and Song hired a Singapore lawyer to prepare a draft trust deed, which was in fact not legal.MEN DOUBT SONG Because the payments had stopped, the sale and purchase agreement was considered breached. At this time, Song had paid S$1.38 million to the developer for partial payment of Chen's property.
"Apart from providing homes for people, it is also known that property is a good investment - oftentimes, sought-after properties may be purchased and resold soon after, making a tidy profit for the seller. We thus have laws in place to keep foreigners from buying up, and possibly speculating in, land in Singapore."