
3 weeks' jail for man who tricked Tampines Town Council into paying extra $233,000 for water pumps
3 weeks' jail for man who tricked Tampines Town Council into paying extra $233,000 for water pumps
Source: Straits Times
Article Date: 14 May 2025
Author: Shaffiq Alkhatib
Zhang Shuyan was the managing director of electrical and mechanical maintenance and installation firm FYH Integrated at the time of the offence.
A man who billed Tampines Town Council for more expensive products instead of the actual items he provided, tricking it into paying an extra $233,000 for water pumps, was sentenced to three weeks' jail on May 13.
Zhang Shuyan, 59, who was managing director of electrical and mechanical maintenance and installation firm FYH Integrated at the time of the offence, pleaded guilty in April to one count of falsifying accounts to the town council.
Before handing down the sentence on May 13, District Judge Kenneth Chin noted that the Singaporean had made full restitution and paid the bulk of it before he was charged.
However, the judge stressed that Zhang's case involved public funds and that he committed the offence over a sustained period of a year.
Deputy public prosecutors David Koh and Yeow Xuan stated in court documents that the offender and his wife incorporated the firm in 2009 with $500,000.
It later entered into a three-year contract with Tampines Town Council in February 2016 for jobs related to pumps and refuse chute flushing systems.
FYH was responsible for the maintenance, servicing and repair of pumps in the Housing Board blocks within the town council's purview. It was also contracted to replace defective pumps in the HDB blocks.
The contract included a schedule of rates, with a list of items and their corresponding prices, that FYH would bill the town council for.
Between April 2016 and July 2017, Zhang's firm replaced 267 single-stage water pumps in the Tampines estate. But Zhang billed the products as multi-stage water pumps that cost more than $1,400 each, compared with a single-stage pump that cost around $550.
The town council received 203 invoices for the replacement of the pumps and paid more than $380,000 to FYH.
Zhang's scheme came to light in 2017, after the town council's managing agent realised FYH had been charging it for multi-stage pumps even though only single-stage pumps were used.
After he was found out, Zhang agreed to refund the extra amount that the town council had paid out to his company, which was more than $233,000.
He was later charged in 2024.
Offenders found guilty of falsifying accounts can be jailed for up to 10 years and fined.
Shaffiq Alkhatib is The Straits Times' court correspondent, covering mainly criminal cases heard at the State Courts.
Source: The Straits Times © SPH Media Limited. Permission required for reproduction.
Print

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
3 hours ago
- Business Times
Singaporeans take big bites of Quayside JBCC amid Johor's RTS boom
[KUALA LUMPUR] Singaporean buyers have taken up the lion's share of all 482 serviced apartments at Quayside JBCC – a new mixed-use project in Johor Bahru – as cross-border demand rises ahead of the 2026 Johor Bahru-Singapore Rapid Transit System (RTS) Link and the buzz of a potential real estate investment trust (Reit) listing. 'The response from Singaporean investors has been overwhelming, making up the majority of our foreign buyers,' said JYSigma Business Consultancy (JBC) founder and director Jack Yang. 'The strong cross-border demand ahead of the RTS Link completion shows investors are positioning themselves for the connectivity benefits.' It will be a 10-minute walk from Quayside JBCC to the RTS Link Bukit Chagar station. In May, the project, with a gross development value of RM600 million (S$181.3 million), secured a 100 per cent take-up rate with more than 80 per cent of the buyers being foreign investors, according to Yang. 'Singaporean investors recognise what's coming – not just proximity, but opportunity. Quayside JBCC is a strategic positioning ahead of the RTS boom... and we're just getting started,' he added. Situated in the Ibrahim International Business District (IIBD) and within the Johor-Singapore Special Economic Zone, the units at Quayside JBCC are sold through a private equity (PE) fund structure. The PE structure is marketed through a partnership between JBC and venture capital firm Asia Vision Capital (AVC), which is regulated by the Securities Commission Malaysia. Both conventional and syariah-compliant fund options are available. Ian Khor, chief investment officer at AVC, said: 'The fund targets average annual dividends of above 8 per cent, with commitment rates of 3 per cent for 2027 and 7 per cent from 2028 onwards.' A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up For some context, Malaysia's recently listed Paradigm Reit, backed by three shopping malls – including one in Johor Bahru – valued at RM2.4 billion, is targeting a yield of more than 7 per cent. Potential connectivity sweetener Quayside JBCC is scheduled to begin operations by 2027/2028, with a potential Reit listing planned by 2032. Developed by Kuala Lumpur-based Bangsar Heights Pavilion, the project – the developer's debut in Johor Bahru – features Malaysia's first transparent cantilevered sky pool with panoramic views of the country's southern tip and Singapore. The 195 metre tower is located in IIBD and includes 482 serviced suites, 24 commercial retail units and 200 hotel suites. Quayside's hotel component will be jointly managed by Oakwood and Hyatt Place, with income diversification across hospitality and retail streams. Quayside JBCC features Malaysia's first transparent cantilevered sky pool with panoramic views of Johor and Singapore. ILLUSTRATION: JBC The upcoming RTS Link, targeted for completion in 2026, has spurred rising demand in Johor's urban core. It will be a 10-minute walk from Quayside JBCC to the RTS Link Bukit Chagar station. Singaporean arrivals to Johor reached about 13.5 million in 2023, rising further to more than 17 million trips in 2024, according to Tourism Malaysia and Immigration Department data. This reflects strong cross-border momentum, with Johor targeting 20 million foreign visitors by 2026. Tan Kin Lian, two-time Singapore presidential candidate and former chief executive of NTUC Income, who purchased a unit for RM680,000, shared on a social media post that he viewed the project as offering 'reasonably good return to the investor'. Jack Yang, founder and director of JYSigma Business Consultancy, says: 'The strong cross-border demand ahead of the RTS Link completion shows investors are positioning themselves for the connectivity benefits.' PHOTO: JBC Pricing – the biggest lure Recent listings on PropertyGuru show that asking prices for serviced apartments at Quayside JBCC range from RM1,391 per square foot (psf) to as high as RM2,303 psf, or about S$420 to S$700 psf. In contrast, historical transaction data from EdgeProp indicates average prices of around RM348 psf (roughly S$105 psf). The significant gap between past and current prices could reflect the rising premium for prime, compact units near the Johor Bahru-Singapore RTS Link, especially as the project moves closer to completion. Another contributing factor, according to Yang, is that PropertyGuru listings include loft-style units, where pricing can vary depending on how the floor area – particularly the 'empty' spaces – is calculated. 'Many Singaporeans find they can't afford the same lifestyle in Singapore anymore,' Yang explained. 'The price gap allows them to get luxury amenities here that would be out of reach back home.' According to EdgeProp, Wee Soon Chit, executive director of Landserve (Johor), said land transactions near the RTS Link have reached RM1,000 psf, with areas such as Jalan Trus and Jalan Wong Ah Fook seeing shophouse transactions hitting RM2,000 psf and beyond. While established property groups such as WCT Holdings (Paradigm Reit) and YTL Corp increasingly convert their real estate portfolios into Reits in Malaysia, Quayside JBCC's retail investor model – selling individual units through a PE fund structure with promises of future Reit listing – appears to be a novel approach in the Malaysian market. Property consultants note that converting mixed-use developments into Reits has its fair share of operational and structural complexities. Samuel Tan, founder and CEO of Olive Tree Property Consultants, said: 'Mixed-use developments are eligible for Reit inclusion, but investor sentiment generally favours single-sector Reits, which offer clearer investment theses.' His partner at the property consultancy, Tan Wee Tiam, added that while solid yields are achievable for conventional properties, the same may not hold true for hotels or high-rise serviced apartments in the Malaysian context where they often function more like condominiums built on commercial-titled land, and returns remain relatively untested. Stewart LaBrooy, founder of Malaysia's first Reit and executive chairman of Area Group, cautioned that funds such as Quayside JBCC 'must first prove resilience to avoid being just another 'concept Reit''. He added: 'Mixed-use models complicate valuations and listing requires stabilised income streams.'
Business Times
12 hours ago
- Business Times
Singaporeans big buyers of Quayside JBCC amid Johor's RTS boom
[KUALA LUMPUR] Singaporean buyers have taken up the lion's share of all 482 serviced apartments at Quayside JBCC – a new mixed-use project in Johor Bahru – as cross-border demand rises ahead of the 2026 Johor Bahru-Singapore Rapid Transit System (RTS) Link and the buzz of a potential real estate investment trust (Reit) listing. 'The response from Singaporean investors has been overwhelming, making up the majority of our foreign buyers,' said JYSigma Business Consultancy (JBC) founder and director Jack Yang. 'The strong cross-border demand ahead of the RTS Link completion shows investors are positioning themselves for the connectivity benefits.' It will be a 10-minute walk from Quayside JBCC to the RTS Link Bukit Chagar station. In May, the project, with a gross development value of RM600 million (S$181.3 million), secured a 100 per cent take-up rate with more than 80 per cent of the buyers being foreign investors, according to Yang. 'Singaporean investors recognise what's coming – not just proximity, but opportunity. Quayside JBCC is a strategic positioning ahead of the RTS boom... and we're just getting started,' he added. Situated in the Ibrahim International Business District (IIBD) and within the Johor-Singapore Special Economic Zone, the units at Quayside JBCC are sold through a private equity (PE) fund structure. The PE structure is marketed through a partnership between JBC and venture capital firm Asia Vision Capital (AVC), which is regulated by the Securities Commission Malaysia. Both conventional and syariah-compliant fund options are available. Ian Khor, chief investment officer at AVC, said: 'The fund targets average annual dividends of above 8 per cent, with commitment rates of 3 per cent for 2027 and 7 per cent from 2028 onwards.' A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up For some context, Malaysia's recently listed Paradigm Reit, backed by three shopping malls – including one in Johor Bahru – valued at RM2.4 billion, is targeting a yield of more than 7 per cent. Potential connectivity sweetener Quayside JBCC is scheduled to begin operations by 2027/2028, with a potential Reit listing planned by 2032. Developed by Kuala Lumpur-based Bangsar Heights Pavilion, the project – the developer's debut in Johor Bahru – features Malaysia's first transparent cantilevered sky pool with panoramic views of the country's southern tip and Singapore. The 195 metre tower is located in IIBD and includes 482 serviced suites, 24 commercial retail units and 200 hotel suites. Quayside's hotel component will be jointly managed by Oakwood and Hyatt Place, with income diversification across hospitality and retail streams. Quayside JBCC features Malaysia's first transparent cantilevered sky pool with panoramic views of Johor and Singapore. ILLUSTRATION: JBC The upcoming RTS Link, targeted for completion in 2026, has spurred rising demand in Johor's urban core. It will be a 10-minute walk from Quayside JBCC to the RTS Link Bukit Chagar station. Singaporean arrivals to Johor reached about 13.5 million in 2023, rising further to more than 17 million trips in 2024, according to Tourism Malaysia and Immigration Department data. This reflects strong cross-border momentum, with Johor targeting 20 million foreign visitors by 2026. Tan Kin Lian, two-time Singapore presidential candidate and former chief executive of NTUC Income, who purchased a unit for RM680,000, shared on a social media post that he viewed the project as offering 'reasonably good return to the investor'. Jack Yang, founder and director of JYSigma Business Consultancy, says: 'The strong cross-border demand ahead of the RTS Link completion shows investors are positioning themselves for the connectivity benefits.' PHOTO: JBC Pricing – the biggest lure Recent listings on PropertyGuru show that asking prices for serviced apartments at Quayside JBCC range from RM1,391 per square foot (psf) to as high as RM2,303 psf, or about S$420 to S$700 psf. In contrast, historical transaction data from EdgeProp indicates average prices of around RM348 psf (roughly S$105 psf). The significant gap between past and current prices could reflect the rising premium for prime, compact units near the Johor Bahru-Singapore RTS Link, especially as the project moves closer to completion. Another contributing factor, according to Yang, is that PropertyGuru listings include loft-style units, where pricing can vary depending on how the floor area – particularly the 'empty' spaces – is calculated. 'Many Singaporeans find they can't afford the same lifestyle in Singapore anymore,' Yang explained. 'The price gap allows them to get luxury amenities here that would be out of reach back home.' According to EdgeProp, Wee Soon Chit, executive director of Landserve (Johor), said land transactions near the RTS Link have reached RM1,000 psf, with areas such as Jalan Trus and Jalan Wong Ah Fook seeing shophouse transactions hitting RM2,000 psf and beyond. While established property groups such as WCT Holdings (Paradigm Reit) and YTL Corp increasingly convert their real estate portfolios into Reits in Malaysia, Quayside JBCC's retail investor model – selling individual units through a PE fund structure with promises of future Reit listing – appears to be a novel approach in the Malaysian market. Property consultants note that converting mixed-use developments into Reits has its fair share of operational and structural complexities. Samuel Tan, founder and CEO of Olive Tree Property Consultants, said: 'Mixed-use developments are eligible for Reit inclusion, but investor sentiment generally favours single-sector Reits, which offer clearer investment theses.' His partner at the property consultancy, Tan Wee Tiam, added that while solid yields are achievable for conventional properties, the same may not hold true for hotels or high-rise serviced apartments in the Malaysian context where they often function more like condominiums built on commercial-titled land, and returns remain relatively untested. Stewart LaBrooy, founder of Malaysia's first Reit and executive chairman of Area Group, cautioned that funds such as Quayside JBCC 'must first prove resilience to avoid being just another 'concept Reit''. He added: 'Mixed-use models complicate valuations and listing requires stabilised income streams.'


International Business Times
12 hours ago
- International Business Times
CNB Arrests Singaporean for Suspected Drug Trafficking; Over 2kg of Cannabis Seized
A 33-year-old Singaporean man was arrested in a residential unit in the vicinity of Balam Road for suspected drug trafficking offences. The Central Narcotics Bureau (CNB) said that they confiscated roughly 2,722g of cannabis from multiple locations throughout the unit during the search. An estimated S$65,000 worth of drugs were seized, which could sustain 390 abusers' addictions for a week. "The Singapore Government's stand on illicit drugs, including cannabis, is clear - they are harmful, addictive and can destroy lives, families and communities," the authority said. It added, "CNB would like to remind the public that cannabis is a Class A controlled drug listed under Singapore's Misuse of Drugs Act (MDA) in Singapore. The consumption, possession, trafficking, import or export of any controlled drugs, including cannabis and cannabis products, is an offence under the MDA." According to Section 5 of the Misuse of Drugs Act 1973, it is illegal for someone to traffic in a controlled substance, offer to do so, or perform any act that is necessary for or intended to be used in the trafficking of a controlled substance on their own behalf or on behalf of another individual, whether or not that other individual is in Singapore. An individual may be subject to the mandatory death penalty if found guilty of trafficking more than 500g of cannabis. The arrested suspect's drug use is still being investigated.