Daily brief
Plot ratio explained, Four men face S$6m home-loan fraud charge (SG Property Daily)
Propwise Analysis
What Is Plot Ratio, and How Does It Cap What Gets Built?
Plot ratio is the total floor area a building may have, divided by the size of its plot. How URA sets it, what it counts, and why it matters to buyers.
News
Four men to be charged over S$6 million home-loan ruse using a victim’s property
The scheme used impersonation, forged identity documents and a lure that took the owner away from his home twice so that valuers could inspect it. The men sought home loans of more than S$6 million from two credit companies. Police were alerted on 3 April after the owner found a caveat lodged on his property. The four, aged 27 to 39, are due in court on 10 November.