Well, I remember not too long ago (about 1 to 2 years back), I
watched "Zao An Ni Hao". They invited a lawyer and talking about
this topic.
According to that lawyer, downloading/possession of porn is
illegal, however streaming of it is not. In short, you cannot have
the actual file stored.
Don't quote/hold me me for this, I just merely typed out what I
heard.
Well, like progene said, as long as you don't get caught, you
will be fine. It's not like they are gonna track everyone down for
it.
Normally, I think, people who got caught for possession of
pornographic material is because of some other crimes that they did
that resulted in a search in their house, thus getting caught for
it too.
Why we can watch but cannot store them? Don't ask me why. God
knows what those poodles are thinking.
For those who are
curious: (It is illegal even if you own the
originals)
Possession of obscene
films
30. —(1) Any person who has in his possession any
obscene film shall be guilty of an offence and shall be liable on
conviction to a fine of not less than $500 for each such film he
had in his possession (but not to exceed in the aggregate $20,000)
or to imprisonment for a term not exceeding 6 months or to
both.
(2) Any person who has in his possession any obscene film
knowing or having reasonable cause to believe the film to be
obscene shall be guilty of an offence and shall be liable on
conviction —
(a) to a fine of $1,000 for each such film in his possession
(but not to exceed in the aggregate $40,000) or to imprisonment for
a term not exceeding 12 months or to both; and
(b) in the case of a second or subsequent conviction, to a fine
of not less than $2,000 for each such film in his possession (but
not to exceed in the aggregate $80,000) or to imprisonment for a
term not exceeding 2 years or to both.
Taken from:
http://statutes.agc.gov.sg/non_version/cgi-bin/cgi_retrieve.pl?actno=REVED-107&doctitle=FILMS%20ACT%0A&date=latest&method=part&sl=1