TEI v TEJ
Court | Family Court (Singapore) |
Judge | Jen Koh |
Judgment Date | 01 September 2015 |
Neutral Citation | [2015] SGFC 114 |
Citation | [2015] SGFC 114 |
Docket Number | Divorce No. 6142 of 2012 |
Published date | 10 September 2015 |
Hearing Date | 30 March 2015 |
Plaintiff Counsel | Ms Ellen Lee (M/s Ramdas & Wong) |
Defendant Counsel | Ms Helen Chia w Ms Nair (M/s Chia-Thomas Law Chambers LLC) |
Subject Matter | Catchwords: Division of Matrimonial Assets, Division of Matrimonial Home. |
This is an appeal against the division of a matrimonial home by the wife in divorce proceedings commenced in 2012.
The parties were married in September 2003. The wife is a businesswoman with a food catering business and according to the husband, a xxx. The husband is a lawyer working in xxx. The parties have a set of twin boys aged 10 plus, studying in an international school in Singapore.
Interim Judgment dissolving the marriage was granted in April 2013. The parties resolved the issues of custody and access as well as interim maintenance after mediation in November 2013. The parties agreed to joint custody of the children with care and control to the wife and liberal terms of access (spelt out in the consent order) to the husband. The husband also agreed to pay monthly maintenance in the sum of $8,450 for the children, to be responsible for their school fees and school transport charge. The value of the maintenance award then amounted to about $15,000 per month (average). The husband defaulted payment of maintenance and enforcement proceedings ensued.
The ancillary matters were therefore confined to issues of final maintenance amounts and the division of matrimonial assets. I heard the ancillary matters on 26 February 2015 and gave directions for the submission of documents. I made my orders on 30 March 2015.
Orders Made I made the following orders:
The wife filed an appeal against the part of the orders pertaining to the division of the matrimonial home. I now set out the reasons for my decision.
The matrimonial home in Arcadia RoadThe matrimonial home is a private condominium bought by the husband in his sole name. It was purchased for $1,550,000. The husband said that his mother paid the initial deposit of 15%. The rest of the purchase was funded by a housing loan secured against the property of which the husband solely paid the monthly mortgage initially of about $4,800. As at December 2014, the outstanding housing loan was approximately $1,158,000. Additionally, the husband had overdraft facilities secured against the property of which a sum of $605,000 was outstanding to the bank.
Both parties agree that the market value of the matrimonial home was in the region of $3,880,000 to $4,000,000.
The wife’s submissionThe wife said...
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