SINGAPORE, March 21 — The Singapore High Court has dismissed motoring tycoon Peter Kwee’s claim that he is the rightful owner of five properties registered in his daughter Karen’s name, ruling that they were intended as gifts.
In a written judgment yesterday, sighted by The Straits Times (ST), Justice Philip Jeyaretnam acknowledged that Kwee had funded the purchases and often bought properties under family members’ names for business and estate planning purposes.
However, he found that Kwee had intended to transfer ownership of the five properties — two landed homes in Bukit Timah and three overseas, in Canada and Australia — to Karen.
The dispute arose after Karen was declared bankrupt in October 2022, raising the question of…
