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Already owning 5 properties, woman wanted elderly dad’s 4 homes
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The real estate tycoon's youngest daughter, who helped him do the paperwork for the purchase of four homes for over $11 million, had also inserted her name as a co-owner.
PHOTO: ISTOCK
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- A 90-year-old illiterate tycoon sued his daughter for claiming ownership of four properties he bought as investments, worth over $11 million.
- The judge ruled in favour of the father, finding his daughter exploited his illiteracy by adding her name to the property titles.
- The judge highlighted the importance of transaction records, past behaviours, and consistent conduct in property disputes, noting greed can unravel families.
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SINGAPORE – A real estate tycoon who liked to buy property for his children became entangled in a bitter lawsuit when one of his daughters ironically claimed that she was a co-owner of his own investment properties.
The 90-year-old businessman, who is illiterate, got caught up in this dispute only because he wanted to use the proceeds from the sale of four investment properties to buy a home for a grandson.
