SINGAPORE – A man who was awarded 95 per cent of nearly $23 million in matrimonial assets in 2025 has filed an appeal against the High Court decision, according to written grounds issued recently.
The husband had contended that most of the assets held in his name or jointly with his children from a previous marriage should be excluded from the pool of matrimonial assets.
He argued that the assets had been acquired before the current marriage or bought with funds earned before it.
However, this claim was rejected by Justice Pang Khang Chau, who included $22.4 million worth of the man’s assets in the matrimonial pool.
These included a property in Stevens Close, another property in Tudor Close, and money in multiple bank accounts.
The wife’s assets amounted to more than $503,000.
The judge valued the matrimonial pool at $22.9 million and divided it in the ratio of 95:5 in the husband’s favour.
This meant that his share was $21.8 million, while the wife’s was $1.1 million.
To implement the division, the judge ordered the husband to transfer more than $624,000 to the wife.
In his written grounds issued on June 3, Pang said the man has since appealed against the decision.
The judge wrote that it was true that a large portion of the matrimonial assets consisted of, or was derived from, the husband’s pre-marriage monies.
However, most of these monies had become “irreversibly” mixed with the matrimonial assets, meaning it was not possible to trace the source of the funds.
“Hence, the road to achieving a just and equitable result was not to exclude these commingled assets wholesale, but rather to include all of them in the matrimonial pool and then divide the pool in a way which recognised the husband’s financial contributions,” the judge said.
Read Full Article At Source
