Couple sue son for title deeds
-
AN AGED couple from Taiwan have sued their son in the Singapore High Court for the return of the title deeds of two condominium apartments worth about $1.7 million.
In their lawsuit, Mr Yang Min-hao, 76, and Madam Yang Yuan Hsiang-ying, 71, said they funded the $344,500 downpayment for the flats but used their son's name as they were worried about not being able to get a bank loan.
The couple, who live in Taipei, say that their son was merely holding the properties and rental incomes from the flats in trust for them.
Their son, Mr Yang Chuang-yang, 49, who has lived in Singapore for more than 10 years, does not dispute he did not take part in the property purchases. But he claims that his parents gave the flats to him - an assertion the couple, who have five other children, deny.
The three-day hearing, which started yesterday, revolves around apartments in Parc Oasis in Jurong, bought in 1992, and Central Green in Tiong Bahru, bought in 1993.
The couple arranged for their daughter, Ms Yang Sheng Cheng, who was then living in Singapore, to buy the properties, telling her to rent out the units and use the income to service the housing loan instalments, property taxes and maintenance fees.
-- ST
-
Wow to their son.Bring it with u after u r dead!
-
