How much money have victims lost to rental scams since January?

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Victims Have Lost S$1.7 Million to Rental Scams Since January

Since January, at least 305 individuals have been defrauded in rental scams, collectively losing a minimum of S$1.7 million (approximately RM5.69 million). These scams re-emerge with perpetrators often pressuring victims to make payments to secure rental properties before they have had a chance to view them.
Scale of Financial Losses

The total financial impact of these rental scams since the beginning of the year amounts to at least S$1.7 million. This figure is based on reports from 305 victims who have been targeted by individuals posing as property agents.
Recent Law Enforcement Action

In a significant operation conducted between March 9 and March 13, the police apprehended 13 individuals suspected of involvement in rental scams. During this period, victims collectively lost over S$1.3 million across 480 reported cases, highlighting the ongoing nature and severity of these fraudulent activities.
Historical Context of Rental Scams

This is not a new phenomenon, as police had previously issued warnings in August regarding similar rental scams. At that time, it was reported that since January of the preceding year, at least 997 individuals had lost a total of S$3.9 million to these types of fraudulent schemes.

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How much money have victims lost to rental scams since January?

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