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Chinese national fined for breaking law banning foreigners from speculating in residential properties

A Chinese national was fined S$45,000 for breaking a law which prevents foreigners from speculating in residential properties in Singapore. Read on.

Foreigner who bankrolled house purchases worth $6m fined $45,000

Singapore News - A Chinese national was fined $45,000 on April 18 for breaching a law under the Residential Property Act (RPA) that had been rolled out to prevent foreigners from speculating in local residential properties. This could lead to a rise in home prices and adversely affect the. Read more at www.tnp.sg

China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses

China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses
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