{"id":52800,"date":"2017-04-25T09:31:58","date_gmt":"2017-04-25T02:31:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-owner-sought-s2mil-but-settles-for-200000\/"},"modified":"2017-04-25T10:22:10","modified_gmt":"2017-04-25T03:22:10","slug":"house-owner-sought-s2mil-but-settles-for-200000","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-owner-sought-s2mil-but-settles-for-200000\/","title":{"rendered":"House owner sought S$2mil but settles for $200,000"},"content":{"rendered":"


\nWhile house owner Low Ban Lai wanted S$2 million in compensation following the receipt of eviction notice from his landlord, he settled for S$200,000 \u2013 abruptly ending the court fight with the landowner on Monday (24 April), reported The Straits Times.
\nNotably, Low\u2019s house in Mandai is one of the 37 terraced houses built on land owned by Ong Tiau Seng and five others around 1960. Low bought the house for S$10,000 in 1962, but pays a monthly ground rent of S$20 until 2005.
\nMeanwhile, Ong\u2019s son, Beng Tit, acquired part of the land between 1976 and 1984. He sought to evict the tenants, starting with Low, whose unit had been vacant for years as the latter had moved to one of his children\u2019s house.
\nWhen served with a notice of termination of tenancy in 2014, Low said the termination was unlawful as there was no tenancy agreement. In fact, he produced a handwritten contract to prove that Ong\u2019s father had agreed to let him stay there permanently. Ong\u2019s forensic expert, however, cast doubts on the document\u2019s authenticity.
\nIn claiming for S$2 million, Low\u2019s lawyer said the compensation should allow Low to acquire a replacement house on freehold land.
\nOng, on the other hand, claimed that the invoices produced by Low \u2013 to show the renovation costs for the house \u2013 were faked.
\n\u201cThe plaintiff has always been fair and reasonable in wanting to compensate the defendant a sum of S$85,000 to give up his dilapidated and presently uninhabitable house built almost 60 years ago,\u201d said Ong\u2019s lawyer.
\nLow agreed to hand over the Meng Suan Road house to Ong in eight weeks, after settling for a compensation of S$200,000.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…House owner sought Smil but settles for 0,000<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While house owner Low Ban Lai wanted S$2 million in compensation following the receipt of...<\/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-52800","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-dJC","jetpack-related-posts":[{"id":75982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/skirting-minimum-tenancy-rule-with-early-exit-clause\/","url_meta":{"origin":52800,"position":0},"title":"Skirting minimum tenancy rule with early exit clause","date":"January 8, 2018","format":false,"excerpt":"\r Despite the prosecution of two men in December for providing short-term stays via Airbnb, some home rental agencies are still offering short-term accommodations to tenants by including an early termination clause into their contracts, reported Channel News Asia. 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