$7m house legally belongs to firm, not buyer's son: Top court

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A property worth more than $7 million changed hands when an appeal court ruled it belonged to a family-owned company instead of only one of the children as found by the High Court last year.. Read more at straitstimes.com.

A property worth more than $7 million changed hands when an appeal court ruled it belonged to a family-owned company instead of only one of the children as found by the High Court last year.

The High Court had ruled in April last year that the 9,708sq ft Glasgow Road property, though registered in the name of family-owned company Geok Hong, belonged to the estate of one sibling, Mr Tan Tiong Luu, who died in 2012. The court had then recognised that documentation and objective evidence on both sides were lacking in many respects and had reached its judgment on the balance of probabilities.

Madam Koh, her three sons and daughter-in-law, who defended themselves in the appeal court, argued that Mr Tan Tiong Luu was expressly assured by his father, Mr Tan Geok Chuan , that the property belonged to him and all company members knew of this arrangement."The company was run by a typical Chinese family in Singapore in the 1970s with TGC as the head and Tiong Luu as his most capable child," they added.

But the Court of Appeal, in judgment grounds last Thursday, pointed out the authenticity of the statutory declaration did not mean its contents were also true.

Source: News Formal (newsformal.com)

 

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