100 foreign student renters in a fix over firms' tussle

[princess_morbucks]

http://www.straitstimes.com/breaking...ussle-20131230

At least 100 foreign students have been left counting the cost of a legal row between two companies dealing with real estate.
While several have gone to the police after failing to get their $800 security deposit back, others have been forced to move out despite having paid their rent for the next few months.
One of them is Ms Ayu Kalika, a 20-year-old Indonesian studying at James Cook University's (JCU) Singapore campus. She was one of 15 JCU students living in a landed property at Casuarina Road who were suddenly asked to leave two weeks ago.
They had already paid their rents to subletting company Kaizerhalls Investments. But on Dec 20, another company, Poma International, told them it was the legal tenant of the property.



A student holding his contract with Kaizerhalls, which states that he has paid rent until February. He has since moved out of the property, but is uncertain if he will be able to get back the rent he has already paid. -- ST PHOTO: KUA CHEE SIONG

[princess_morbucks]

I didn't know that a company is eligible to own a landed residential property.
Any idea if the company must be a Singapore registered company to do so?

[hopeful]

I didn't know that a company is eligible to own a landed residential property.
Any idea if the company must be a Singapore registered company to do so?

Didnt the WingTai? boss' $300 million bungalow for sale under some investment vehicle?

Singapore company = all key personel must be singaporeans.