Some facts about the house at 38 Oxley Road.
It was bequeathed to PM Lee Hsien Loong.
Sister Lee Wei Ling and brother Lee Hsien Yang were not happy about this. ...
So Lee Hsien Loong offered to transfer the house to Lee Wei Ling for a nominal $1 - on the condition that should the property be transacted later or acquired by the Government, all proceeds would go to charity.
This was rejected by LWL and LHY.
Things got worse and LWL and LHY threatened to escalate their attacks on their brother LHL during GE2015.
After GE2015, Lee Hsien Loong gave a fresh new proposal.
He proposed to transfer the property to LHY at market value on condition that they each donated an amount equivalent to half of that value to charity.
The proposal was accepted. Accordingly, PM Lee donated half of the value of the property to charity.
Although not required, he also donated the other half of the value of the property to charity.
In other words, he donated all (100%) of the money he received from the property to charity.
This is consistent with the position that PM Lee had held and conveyed to his family: that it is not tenable for the family to retain proceeds from any dealing with 38 Oxley Road, as it would look like the family is opposing acquisition and preservation of the House for monetary reasons.
The property is now wholly owned by LHY who remained unhappy with PM Lee's position.
LHY does not want to say what he would do with the place after the house is demolished.
Less than one month after the passing of LKY, he had demanded that the house be demolished immediately.
He dropped that demand for 'immediate physical demolition' only after Ho Ching asked LWL if she intended to live in the house, to which she said she intended to.
Notes:
The estate: Oxley Trust which includes 38 Oxley Road, Cluny Road among others.
Each of the three children receives an equal share.
Of the estate, the house at 38 Oxley Road was bequeathed to Lee Hsien Loong.
It was bequeathed to PM Lee Hsien Loong.
Sister Lee Wei Ling and brother Lee Hsien Yang were not happy about this. ...
So Lee Hsien Loong offered to transfer the house to Lee Wei Ling for a nominal $1 - on the condition that should the property be transacted later or acquired by the Government, all proceeds would go to charity.
This was rejected by LWL and LHY.
Things got worse and LWL and LHY threatened to escalate their attacks on their brother LHL during GE2015.
After GE2015, Lee Hsien Loong gave a fresh new proposal.
He proposed to transfer the property to LHY at market value on condition that they each donated an amount equivalent to half of that value to charity.
The proposal was accepted. Accordingly, PM Lee donated half of the value of the property to charity.
Although not required, he also donated the other half of the value of the property to charity.
In other words, he donated all (100%) of the money he received from the property to charity.
This is consistent with the position that PM Lee had held and conveyed to his family: that it is not tenable for the family to retain proceeds from any dealing with 38 Oxley Road, as it would look like the family is opposing acquisition and preservation of the House for monetary reasons.
The property is now wholly owned by LHY who remained unhappy with PM Lee's position.
LHY does not want to say what he would do with the place after the house is demolished.
Less than one month after the passing of LKY, he had demanded that the house be demolished immediately.
He dropped that demand for 'immediate physical demolition' only after Ho Ching asked LWL if she intended to live in the house, to which she said she intended to.
Notes:
The estate: Oxley Trust which includes 38 Oxley Road, Cluny Road among others.
Each of the three children receives an equal share.
Of the estate, the house at 38 Oxley Road was bequeathed to Lee Hsien Loong.
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