Daily Archives: 29 Aug 2009

Not remorseful? Prosecution seeks stiffer sentence

Mr Lee Kok Leong had vandalised his neighbours’ padlocks over an en bloc sale dispute. — ST PHOTO: SHAHRIYA YAHAYA

THE former management committee chairman of Laguna Park has already been fined $1,200 for committing mischief – vandalising his neighbours’ padlocks.

But prosecution lawyers have pounced on comments he allegedly made to reporters – that he was not remorseful – to push for a stiffer sentence for him.

Yesterday, two reporters were put on the stand so they could tell the court what Mr Lee Kok Leong, 62, said to them.

The general manager of a logistics firm had pleaded guilty to two counts of mischief and was fined in April. He could have been fined up to $10,000 and sentenced to a year in jail on each charge.

He committed the acts of vandalism in August last year amid a row among Laguna Park residents over whether the condo should be sold en bloc. Continue reading

Older properties find buyers at auction

As prices of new homes rise, investors are turning to auctions and the resale market

INVESTORS who are put off by the exuberant prices of late for newer properties are turning to auctions to pick up older properties that have not quite appreciated in the same way.

Two apartments at Four Seasons Park near Orchard Road and an apartment at The Waterside in Tanjong Rhu have changed hands at auctions this week.

Colliers International sold the pair of neighbouring three-bedroom apartments at Four Seasons Park, on the fifth floor of the development’s Autumn block, for more than $2,100 per square foot each.

The apartments, each of 2,260 square feet, were put up for sale by a mortgagee bank on vacant possession basis. Unit #05-01 was sold for $4.8 million or $2,124 psf, while the next door #05-02 fetched $4.84 million ($2,142 psf). Continue reading