Tag Archives: Property Management

Condo’s clerk ordered to return $2.2m

Posted on 31 Oct 2009 | Comments Off on Condo’s clerk ordered to return $2.2m

Man in civil claim also under criminal probe for reported fraud
Mr Chew is said to have taken West Bay’s management and sinking funds meant for upgrading and other works. — ST PHOTO: SHAHRIYA YAHAYA

AN ACCOUNTS clerk was ordered to return some $2.2 million that he took over 18 months from a condominium management office, where he had worked since May 2003.

Mr Chew Swee Siong, 30, did not show up in court to contest the High Court claim brought by the West Bay Condominium management committee. He was served with court papers last month.

The police told The Straits Times yesterday that Mr Chew is also under criminal investigation for the reported fraud.

On Thursday, Assistant Registrar Leong Weng Tat ordered Mr Chew to pay up after having heard earlier from West Bay’s lawyer, Mr Leslie Netto, in the condo’s civil claim. Continue reading →

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Posted in Conveyancing / Legal, General

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Jobs credit blues at condo

Posted on 18 Aug 2009 | Comments Off on Jobs credit blues at condo

IMAGINE you are a condominium owner, and your property’s management corporation (MCST) has been engaging the services of two administrators, two technicians and some cleaners for the estate.

You cheered when the government announced the Jobs Credit scheme earlier this year, thinking the savings will go to your MCST.

Well, think again. Like the MCST of Bayshore Park, a condominium on the East Coast, you may well find that the payout from the Jobs Credit scheme has gone – not to your MCST – but to the managing agent hired by your MCST to manage the payroll of condo employees.

At Bayshore Park, its MCST is now embroiled in a dispute with its former managing agent, CKH Strata Management, over a Jobs Credit payout worth $10,000 to $15,000 for the qualifying period from last October to June this year.

Some companies that engage payroll agents also face similar problems. Continue reading →

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Posted in General, Property Market / Real Estate

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