{"id":52263,"date":"2017-04-19T10:52:10","date_gmt":"2017-04-19T03:52:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/son-of-swee-kee-founder-fights-brothers-for-share-in-family-home\/"},"modified":"2017-04-19T11:22:59","modified_gmt":"2017-04-19T04:22:59","slug":"son-of-swee-kee-founder-fights-brothers-for-share-in-family-home","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/son-of-swee-kee-founder-fights-brothers-for-share-in-family-home\/","title":{"rendered":"Son of Swee Kee founder fights brothers for share in family home"},"content":{"rendered":"


\nMoh Tai Siang, the third son of the founder of Swee Kee Chicken Rice Restaurant, sued his two brothers for his share of the family home, which was sold for SGD16 million in 2015, reported The Straits Times.
\nTai Siang transferred his one-quarter share in the house to brothers Tai Tong and Tai Suan, also known as Freddy and Royston respectively, in 1985 after he ran into financial problems.
\nIn suing for his SGD4 million share of the sales proceeds, Tai Siang claimed that his brothers were merely holding his share in the Branksome Road house on trust for him.
\nHe alleged that the transfer was made at the behest of his eldest brother Tai Sing and mother, who told him that he could get his share back once the house is sold or when he is old.
\nFreddy and Royston, however, both denied the allegations. According to them, they acquired Tai Siang\u2019s stake for S$200,000, as shown in a legal document.
\nTai Siang\u2019s lawyer argued that there was no evidence showing that Tai Siang was actually paid S$200,000.
\nFreddy\u2019s lawyer explained that Tai Siang, who incurred numerous debts during his younger days, offered to give up his stake in the property for urgent financial assistance.
\nIn fact, he declared that he owns no assets whatsoever when he was made bankrupt in 1988, noted Royston\u2019s lawyer.
\nWhen asked during cross-examination why he did not ask his mother to retrieve his share for him when she was still alive, Tai Siang, through a Mandarin interpreter, said: \u201cMy mother was ill, if the brothers are arguing, she will definitely be unhappy.\u201d
\n\u00a0
\nSenior Content Specialist Christopher Chitty edited this story
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Son of Swee Kee founder fights brothers for share in family home<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Moh Tai Siang, the third son of the founder of Swee Kee Chicken Rice Restaurant,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-52263","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dAX","jetpack-related-posts":[{"id":68554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tai-wah-building-for-sale-at-81-million\/","url_meta":{"origin":52263,"position":0},"title":"Tai Wah Building for sale at $81 million","date":"October 9, 2017","format":false,"excerpt":"\r Built in the 1980s, Tai Wah Building comprises six apartments and two shops. 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