CRM Property Consultant

11/06/2026

12Jun2026 - Avoiding ABSD with sham deals can cause you to lose the properties

https://www.singaporelawwatch.sg/Headlines/Avoiding-ABSD-with-sham-deals-can-cause-you-to-lose-the-properties

26/05/2026

26May2026 - High Court raps UOB over inconsistent legal positions on late mortgage payment charges

If UOB decides not to terminate the facility, it may claim arrears, late interest and late payment charges, he said. But if the bank decides to terminate the facility and claim the full outstanding amount, it cannot claim payment of the late payment charge, he added.

He also noted that while UOB ultimately conceded its position in the case, the point on late payment charges was worth addressing because similar clauses are commonly found in loan agreements issued by UOB and other banks.

Although UOB eventually succeeded in obtaining possession orders and repayment of the outstanding loan sum, the High Court trimmed the bank’s legal costs request. UOB had sought $8,000 in costs, but the High Court awarded $7,500 instead.

The High Court has criticised UOB over what it called the bank’s inconsistent legal positions on late payment charges in mortgage cases, after the lender repeatedly dropped such claims only when questioned by the court. In a written judgment on May 18, Assistant Registrar (AR) Randeep Singh Koonar...

22/05/2026

10/05/2026

10May2026 ~ Happy Mother’s Day to all great and beloved Mothers 😘👍🏻

08/05/2026

8May2026 ~ Minimum Occupation Period (MOP) for Executive Condominium (EC) now doubled to 10 years

https://www.channelnewsasia.com/singapore/executive-condominiums-ec-mop-doubled-first-timer-quota-priority-expand-no-dps-6106466

16/01/2026

16Jan2026 - Property players call for lower ABSD on foreign buyers, review of EC income and loan caps

Scaling back the 60 per cent additional buyer’s stamp duty (ABSD) rate for foreigners purchasing prime properties was top of mind among agencies and developers, who urged a calibrated rollback of market-cooling measures aimed at taming demand and keeping a lid on prices. Agencies also called for h...

05/09/2025

5Sep2025 - Another Cryptocurrency fraud

Terraform Labs co-founder Do Kwon’s claim for S$19.4 million Ardmore penthouse payment rejected

Co-founder of fallen blockchain company Terraform Labs Do Kwon’s claim for his payment of about 50 per cent of an Orchard Road penthouse purchase was rejected by Singapore’s High Court, said a Wednesday (Sep 3) report by Lianhe Zaobao. Kwon had set his sights on the Sculptura Ardmore unit valued...

29/07/2025

How parents can prevent disputes over their properties

Case 1
A successful entrepreneur improved the lifestyle of her family by buying private homes for her parents and siblings but somehow, her parents favoured their other children instead.

Her name was excluded from properties that her parents had bought with her money. When the mother died, other siblings were named as beneficiaries in the will.

Three decades or so from the day she started taking care of her family, the woman filed a lawsuit to take back what she felt rightfully belonged to her.

She won the case when Singapore’s highest court ordered the brother to refund about $3.1 million, 96 per cent of the sum, because he paid only a small amount for the apartment’s down payment. It was bought with the proceeds from the sale of the family’s first apartment, which was funded entirely by the daughter’s income.

She could produce various sales memos from her retail outlet to support her claim that the family’s first property was bought a few months after she started her business of selling high-end leather products.

As her record keeping was thorough, she could prove her financial contribution to her family’s homes, which determined her stakes, even though her name was not listed as a co-owner.

Case 2
A joint owner does not always own the whole property

A father of four children bought a shophouse, but only added his son’s name as a co-owner in order to get better loan terms. The mortgage instalments for the property, which was used for the family’s hardware business, were paid entirely by the father.

If the only child is listed as the joint owner of the family home, there is a strong presumption that the parents would have intended that their child inherit the property.

As the father had four children, all of them could share in the property because the son could not produce compelling evidence to show why he was preferred over his three sisters.

Many families could avoid painful court tussles over real estate if they make the reason behind property purchases clear to everyone. Many parents, for instance, like to include a child as a co-owner for administrative purposes or to get better loan terms for having a young owner, without the intent...

27/07/2025

24Jul2025 - It seems not easy to claim damages under the Tenancy Agreement when fire broke out.

The owner of a Sungei Kadut warehouse that caught fire in May 2020 blamed its tenant for starting the fire, claiming more than $600,000 in damages in a lawsuit. The tenant, a scrap vehicle company, countersued for unspecified losses due to the fire, alleging that the fire hose reel in the warehouse....