It was reported in IRAS’ website today that a property agent, Tang Yong Yeow Daniar, 29, was sentenced to a six-week jail for using a counterfeit stamp certificate. Tang was formerly a property agent with Dennis Wee Group and Prestige Realty Global Pte Ltd.
It was reported that Tang offered to rent a property at 4 Rochor Road to a tenant as part of a rental scam in July 2012. Tang collected S$3,520 in advance from his prospective tenant, including S$120 for the stamp duty on the rental agreement.
The prospective tenant requested the stamp certificate from Tang. However, Tang used a genuine stamp certificate obtained from a previous property transaction and forged the stamp certificate by altering property details. The counterfeit stamp certificate was then handed to the prospective tenant.
Subsequently, the tenant realised that she had fallen for a rental scam when the property failed to be handed over a second time, she lodged reports with the Police and Council for Estate Agencies.
What is it important?
IRAS takes a very serious view of any individual or business that deliberately forges stamp certificates and knowingly misrepresents counterfeit “certificates” as genuine. They may face penalties of up to $10,000 and/or up to three years’ imprisonment. Penalties of up to four times the stamp duty payable may also be imposed for late or non-stamping of documents.
What should you do if you are a prospective tenant?
You can check the authenticity of the stamp certificate by visiting the e-stamping website (Stamp Duty Resource > Check Stamp Certificate Authenticity). If the stamp certificate appears to be dubious or incomplete, you should contact IRAS to verify the authenticity of the stamp certificate.
If you suspect that you have been given a counterfeit stamp certificate, you should e-mail IRAS at firstname.lastname@example.org or call 6351 3697/3698 immediately. IRAS has assured that your identity is kept confidential.
Let us know if you have any questions regarding the above.