September 12, 2022

4 units at Orchard By-The-Park bought by a Chinese national for S$60 million

Despite geopolitical and economic uncertainties, as well as 30% Additional Buyer’s Stamp Duty (ABSD) for foreigners, we are seeing another bulk purchase of condo units by a Chinese national. According to Lianhe Zaobao, four units at 3 Orchard By-The-Park were bought in one go, totalling around S$60 million. This translates to around S$3,600 to 3,700…

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Former group CEO declared bankrupt, wife tries to claim share of S$3.82m landed property

A freehold, landed house in Ang Mo Kio, which used to belong to a former group CEO, has become part of a lawsuit brought about by his wife. The asset (or the net proceeds from its sale) is now under a trustee group after the CEO was ousted from his listed firm and declared bankrupt…

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