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Thread: Couple in 80s fight over $20m house

  1. #1
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    Default Couple in 80s fight over $20m house

    http://www.straitstimes.com/archive/...house-20130108

    Couple in 80s fight over $20m house

    Published on Jan 08, 2013

    By Selina Lum


    WHEN a businessman bought a $1.78 million house in 1983, his wife provided $290,000 of her savings to pay for the property, which was purchased in her name only.

    Now, Mr See Fong Mun and Madam Chan Yuen Lan, in their late 80s, are locked in a court battle over the ownership of the Chancery Lane bungalow, valued at about $20 million.

    Among the issues before the court is each person's contribution to the purchase of the property, including whether the $290,000 was Madam Chan's direct contribution or a loan.

    The couple's case was first heard at the High Court in September last year. Mr See, 85, who sued his wife of 55 years, had claimed that she was mentally incompetent. But the High Court found that Madam Chan, 88, was mentally capable of defending the suit. The actual trial to determine whom the house belongs to started yesterday.

    Mr See, who ploughed the money he initially made from the rubber industry into the property market, claims that he is the true owner of the bungalow.

    He married Madam Chan in 1957. She stopped working as a hairdresser after marriage. They have three children, two sons and a daughter, now in their 50s.

    Mr See said he paid for all household expenses and gave his wife substantial pocket money.

    In 1983, when he turned 55, he wanted to buy a bungalow with his CPF money. He said that he asked her to lend him her life savings to buy the house because he wanted to save on bank interest.

    Madam Chan signed a legal document authorising him to deal with the house on her behalf. In 2011, she revoked his power of attorney, claiming that it was to prevent him from selling the house. Mr See sued his wife, asking the court to declare the move invalid. Both sides have fired accusations against the other. Mr See accused their younger son of "preying on his mother's pliable mind and emotional vulnerability to exact vengeance" for a major fallout between father and son in 2005.

    Madam Chan suggested her husband may have been encouraged by their elder son to sue her. She accused them of fabricating documents, including a 1988 memo in which the children purportedly acknowledged Mr See as the sole owner of the house. And while Mr See said he took his former secretary as his mistress in 1988, Madam Chan said the affair started around 1979.

    Her case is that when she agreed to buy the house, she was concerned about her future and that of her children in light of the affair.

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  2. #2
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    The curse of the love of money or just face?

  3. #3
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    Bo liao. Pass to the children and let them sort it out lah. Can't take the money to the grave.

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    what is interesting is

    she was a hair dressser .. in the 1950s ...
    they got married in 1957 and she quit her job and not worked since
    YET she has $290,000 to loan him ??

    did she saved 290k as a hair dresser ? can earn so much ?

    or did she saved from what he gave him as allowance over the years of marriage ?

  5. #5
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    She was David Gan of the 50s? lol.

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    The mistress is the reason lah.

    The wife want the money back or else it will go to husband & the mistress mah. Which woman in this world can take it although she is 80 already. Her mind is still functioning.

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    the article seems to imply the 290k in savings was from the substantial allowance which she was given.

    this "family" looks so split.

    Quote Originally Posted by proud owner
    what is interesting is

    she was a hair dressser .. in the 1950s ...
    they got married in 1957 and she quit her job and not worked since
    YET she has $290,000 to loan him ??

    did she saved 290k as a hair dresser ? can earn so much ?

    or did she saved from what he gave him as allowance over the years of marriage ?

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    Quote Originally Posted by bargain hunter
    the article seems to imply the 290k in savings was from the substantial allowance which she was given.

    this "family" looks so split.

    exactly ...

    father seems to side elder son
    mother seems to side younger son

    ahhaha

    just sell the damn prop ... split 5 ways .... the couple, the sons and the daughter ...

    smelly smelly each pocket 4 mio

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    And the kids are in their 50s. $4m easily will see them through retirement.

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    That's the problem of 'sharing' things. When times are good and no problem, you share. When quarrel, you tear!

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    See lah, own big property all living in misery. Too much money also no good, and rich men think with their small heads.

    Already 80+ liao still fighting over sex and money...

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    Quote Originally Posted by azeoprop
    See lah, own big property all living in misery. Too much money also no good, and rich men think with their small heads.

    Already 80+ liao still fighting over sex and money...
    no money - only need to worry about making more money

    got money - need to worry about:
    1) not losing it
    2) preserving the capital
    2) growing the capital

    so.. better be poor than rich!

    男人有钱会变坏!!

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    Quote Originally Posted by ahchee
    That's the problem of 'sharing' things. When times are good and no problem, you share. When quarrel, you tear!
    You mean two woman share one man?

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    Quote Originally Posted by PN
    You mean two woman share one man?
    Ai yo, at 80s share share also won't die.

    The most is breakfast, lunch and dinner and a short walk in the park- what else can old ppl of 80s do?

    I am very sure it's the children causing the problems.

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    Quote Originally Posted by darkseed73
    Ai yo, at 80s share share also won't die.

    The most is breakfast, lunch and dinner and a short walk in the park- what else can old ppl of 80s do?

    I am very sure it's the children causing the problems.
    心结
    Got nothing to do with physical activity or age.

    The man is the only key to untie this knot. If he is a smart person, he knows what to do. Unfortunately, it doesn't seems so.

  16. #16
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    Suddenly I think of this song by 许美静

    铁窗

    http://www.youtube.com/watch?v=ujAlfOdyCR4

    我的心早已经一片黑暗 再没有什么是可以点燃
    我只剩眼角的一滴泪光 怎能把这世界照亮

    对你的恨已经慢慢变少 对你的爱依旧无法衡量
    在原谅与绝望之间游荡 唯一的感觉是伤 伤 伤

    我以为你给了我一线希望 我伸出手却只是冰冷铁窗
    若现实它总叫人更加悲伤 就让我在回忆里继续梦幻

    我以为我从此能快乐飞翔 在梦醒后却只是冰冷铁窗
    若现实它能教人更加勇敢 就让我在地狱里等待天堂

  17. #17
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    Quote Originally Posted by PN
    Suddenly I think of this song by 许美静

    铁窗

    http://www.youtube.com/watch?v=ujAlfOdyCR4

    我的心早已经一片黑暗 再没有什么是可以点燃
    我只剩眼角的一滴泪光 怎能把这世界照亮

    对你的恨已经慢慢变少 对你的爱依旧无法衡量
    在原谅与绝望之间游荡 唯一的感觉是伤 伤 伤

    我以为你给了我一线希望 我伸出手却只是冰冷铁窗
    若现实它总叫人更加悲伤 就让我在回忆里继续梦幻

    我以为我从此能快乐飞翔 在梦醒后却只是冰冷铁窗
    若现实它能教人更加勇敢 就让我在地狱里等待天堂
    Lol... setting up a new thread here? Lol!

  18. #18
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    Quote Originally Posted by PN
    心结
    Got nothing to do with physical activity or age.

    The man is the only key to untie this knot. If he is a smart person, he knows what to do. Unfortunately, it doesn't seems so.
    Totally agreed. If the man is wise, it will not deteriorate to this state. Should have planned everything many years back so nobody can dispute or fight!

  19. #19
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    Quote Originally Posted by ysyap
    Totally agreed. If the man is wise, it will not deteriorate to this state. Should have planned everything many years back so nobody can dispute or fight!
    Quote Originally Posted by ysyap
    Lol... setting up a new thread here? Lol!
    You reading my mind

  20. #20
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    My dad was laughing when he saw this news. What has happened to his former business associates?

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    Whatever the source, even if the money was given either as an allowance or in lump sum gifts of money from her husband , it's hers.

    By loaning it to him even if it was originally given to her by him, she has a rightful claim to the house.

    Quote Originally Posted by bargain hunter
    the article seems to imply the 290k in savings was from the substantial allowance which she was given.

    this "family" looks so split.

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