Generous soul spotted

[ginfreely]

Don't run away reh...Lol

You are ALWAYS accusing me what you do yourself. Go dinner go sleep but people do the same is called run off!

 

[ginfreely]

There are some small terraced houses in that area, such as:
propertyguru.com.sg/listing/20199995
located along Jalan Lim Tai See (very near Sixth Avenue and Hwa Chong Institution); so if this "Mr Loh Kum Mow" is truly a "known miser", it should not be a surprise if he lived in only a small terraced house, even though he could probably afford a small bungalow, right?

He was 89 in 2016 so very unlikely he bought his house only in 1993 but much earlier. This leased hold house started from 1993.

 

[musashi]

He was 89 in 2016 so very unlikely he bought his house only in 1993 but much earlier.

Maybe he used to live in a condo unit, but decided to retire in a small terraced house when he was in his 60s?

This leased hold house started from 1993.

That was just one example of small landed houses in that area, right?
Did I say that he bought his house in/after "1993" and in that particular estate? o_O

 

[ginfreely]

Maybe he used to live in a condo unit, but decided to retire in a small terraced house when he was in his 60s?


That was just one example of small landed houses in that area, right?
Did I say that he bought his house in/after "1993" and in that particular estate? o_O

Very unusual to change from condo to leasedhold landed at age 66 in 1993. Oh has to be old leased hold to be that price of 2.6m.

 

[AhMeng]

Very unusual to change from condo to leasedhold landed at age 66 in 1993. Oh has to be old leased hold to be that price of 2.6m.

Money worshipper to the max .. lol

 

[cocobobo]

Die already, give away $1 or $1b makes fuck all difference to the dead.

Generosity is measured when alive.

 

[ThePimp]

Die already, give away $1 or $1b makes fuck all difference to the dead.

Generosity is measured when alive.

It makes a difference if the dead person had people he cared about and wanted to leave money to. If there were people like that and he still gave $1b away to charities or strangers, it is still generous.

 

[musashi]

Very unusual to change from condo to leasedhold landed at age 66 in 1993.

I agree that it's unusual, but it's obviously possible, right?

Oh has to be old leased hold to be that price of 2.6m.

Yes, that's another possibility, in which case he might have bought his small landed house well before 1993 in another estate within the "Bukit Timah" area, maybe when he was in his 50s or even 40s because, as I've already highlighted, the key part of that article is:

....when Mr Loh's shares were fully liquidated.
The rest of his fortune was portioned out to his four nephews and nieces, who inherited 13.75 per cent each, and his three sisters received six per cent each.

and I've already calculated:

S$3.35 / S$20 x 100% = 16.75% of his "S$20 million wealth" was willed to those four charities;
(13.75% x "four nephews and nieces") + (6% x "three sisters") = 73% was willed to those seven relatives of his;
so I suspect the market value of his "Bukit Timah house" (which might be a small terraced house) is 100% - 16.75% - 73% = 10.25% (or S$2.05 million) of his "S$20 million wealth", but I might be wrong.

 

[ginfreely]

Money worshipper to the max .. lol

Another big fat lie when I am stating facts. See everyone? I talk market value of house can also be called money worshipper by Malaysian dogs that just want to label you money worshipper.

 

[ginfreely]

Die already, give away $1 or $1b makes fuck all difference to the dead.

Generosity is measured when alive.

Wrong. He lived a thrifty life to amass the fortune to give away. He could have spent it all to maximize his enjoyment in life and not give anything to charity.

 

[ginfreely]

It makes a difference if the dead person had people he cared about and wanted to leave money to. If there were people like that and he still gave $1b away to charities or strangers, it is still generous.

Yeah that’s right. So many rich people but how many are philanthropists giving money to charity when dead? Most gave to their children and relatives only.

 

[ginfreely]

I agree that it's unusual, but it's obviously possible, right?


Yes, that's another possibility, in which case he might have bought his small landed house well before 1993 in another estate within the "Bukit Timah" area, maybe when he was in his 50s or even 40s because, as I've already highlighted, the key part of that article is:

and I've already calculated:

I only said it’s unusual I didn’t say it’s not possible to change from condo to 99 year Leased hold house at age 66. Yeah more likely he bought a freehold house in his 40s at cheap price and now worth millionS.