SG: Seletar Flyover will be opened soon

In this first round of bidding for May for Certificates of Entitlement (COE), we got mixed results in the bidding for different categories.

Mr David Peh, owner of Fivespeed Motor Trading, was approached by the Tan family duo of Tan Tiong Chuang, 46, and his nephew, Andrew, 28, for a loan to renew the COE of their decade old Mercedes-Benz SL350. As Tan Tiong Chuang was jobless at the time of the incident, they had plans to transfer the title to Andrew Tan. However, as they were unable to acquire the appropriate insurance coverage for the 28 year old to renew the COE of the car, they made the decision to temporarily transfer the title to the dealer to let him renew the car’s COE instead. The Tans trusted Mr Peh to transfer the title back to their name post-COE Malarky. However, that is not to be, for after repeated requests for over 3 months, Peh did not transfer the title back. It got so bad, that Peh went to the Tan’s condominium in Bukit Batok and had the car towed. Peh claims the Tans sold the SL to him in October for $30,000, before agreeing to buy back the car in November for $129,000. When all is said and done, the Tans had to pay $20,000 for the car. They only paid about 25% of that, and thus, Peh repossessed the car.  The case has morphed into a legal battle, with Peh suing the Tans for $81,400.

 Maserati announced the launch of a new entry-level engine for its flagship luxury sedan, the Maserati Quattroporte. The launch event took place at the brand new Maserati showroom and was attended by Maserati clients, media and other VIPs. Guests were able to explore the new home of Maserati in Singapore, experience the brand and build a closer relationship with Hong Seh Motors, the official importer for Maserati in Singapore. The new Quattroporte comes equipped with a 3.0-liter twin turbo V6 330 hp engine as an addition to the existing portfolio of the 530 hp V8 Maserati Quattroporte GTS, the 410 hp V6 Quattroporte S and the 275 hp V6 Quattroporte Diesel.