Jan 4, 2007
Loan not repaid, so wife of late nightclub owner loses house
By Crime Correspondent, K.C. Vijayan
A YEAR after Madam Kok Pooi Leng's husband was killed before her eyes, she has lost the house she intended to take refuge in.
Her husband - nightclub boss Lim Hock Soon, 41 - was shot dead, execution-style, in his four-room Serangoon Avenue 4 Housing Board flat last February.
Madam Kok, traumatised by the killing, could not bear to continue living in the same flat and planned to move to the
But the bank holding the mortgage has taken possession of the property because loan repayments have not been made. It will put up the house for auction again on Jan 18, after an earlier one last week did not attract bids at the opening price.
The house is reportedly not covered by mortgage insurance, which would have allowed Madam Kok to keep the 3,600 sq ft single-storey property.
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2 comments:
That's a good advice. Singapore Property promotes prudence and mortgage insurance too.
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