Chinese national who had Singaporeans front landed property purchases arrested
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A CHINESE national, who absconded after he was charged with having Singaporeans front his purchases of three landed properties worth over S$6 million in total, has been arrested upon his return to Singapore, The Business Times has learnt.
Zhan Guotuan had allegedly nominated a Singaporean couple to purchase three houses on East Coast Road that were restricted – as they were not “non-restricted residential property” – between 2007 and 2008.
Foreigners are not permitted to buy landed property on Singapore’s main island.
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