The businessman said he owned a few properties at the time and wanted to avoid paying high stamp duty fees, so the property was purchased in his mistress' name instead.
SINGAPORE: A man who bought a condominium unit for S$838,888 with his mistress in 2014, intending to sell it for shared profit in the future, turned to court to have the sale go through after their relationship fizzled out during the COVID-19 pandemic.
He first met Ms Wu in 2010, when Ms Wu was working for him at a KTV lounge. They entered into a romantic relationship around 2011, when both parties were married to other people. These include S$166,943.60 in a cheque for the cash component of the condo's purchase price and S$61,710 for stamp duties payable.
Mr Ng, who is now in his 50s, argued that the pair had entered into an oral agreement before the purchase of the property. Ms Wu also said that because Mr Ng was married at the time, he knew he could not marry her. Therefore, Mr Ng told her that his contribution was intended to be a"betrothal gift" or wedding present to her, as Mr Ng had accepted that there would be a day when they would no longer be in a relationship.
Mr Ng had claimed that this amount was actually his money that he had given Ms Wu for safekeeping in the course of their relationship.
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