Cancer Diagnoses Just for Profit/misrepresentation

[Tarzan666]

House not only own by her leh..

 

The bungalow at Sentosa Cove (pictured) sold for a record S$39 million was once owned by Deepak Sharma, Chairman at Citi Private Bank and his wife, Susan Lim, a well-known surgeon, reported The Business Times.

 

The sea-fronting property achieved the highest selling price ever for a bungalow on Sentosa Cove, exceeding the previous high of S$36 million set in 2010.

 

Sharma, a veteran banker, and also co-Chairman at the Private Banking Industry Group (PBIG), bought the property and negotiated for its eventual sale, according to a source. Prior to becoming a Singapore citizen, he was an Indian national. He married Dr. Lim in 2000.

 

Dr. Lim is believed to be the first surgeon in Singapore to perform a liver transplant. She also made news last year when she attempted to block an inquiry by the Singapore Medical Council. The case went all the way to the Court of Appeal but was dismissed.

 

Meanwhile, the buyer was revealed to be Shael Oswal, an Indian citizen involved in the mining business.

 

The S$39 million price tag for the 99-year leasehold property works out to S$2,448 psf for a land area of 15,929 sq ft, and features a spacious living area, five bedrooms and an entertainment room.

 

Sentosa Cove is the only area in Singapore where non-PR foreigners are allowed to buy landed homes

[Mockngbrd]

KNN ! I think they earn too much !

 

I was at SGH A&E the other day & got this old man complaining to the cashier for charging him $90 & got no medicine given to him. The old man say the doc just talk talk to him & ask him to come back for another follow up & charge him $90 ! If I were in the old man's shoes, I would be pissed also.

Ish A&E le.....

[Changman999]

U seem to knw abit of him...Im wondering who u really r....

 

Please la, this is just common knowledge.

[Changman999]

It's general knowledge la.

[Ahseng]

pte loctor mah. she charge whatever fees she suka. the customer alright with it then can liao lor.

 

don't expect a doc slogging whole life in zheng hu hospital to be able buy property in sentosa dude.

[KARTer]

Ront jealous leh, she celeb locder, boh xiang

 

Susan Lim sells home at Sentosa Cove for $39mil

 

2 March 2012

Straits Times

EMBATTLED surgeon Susan Lim has sold her sea-facing bungalow in Sentosa Cove for $39 million, a record absolute price for the upmarket enclave.

 

It is believed the home - a plush residence said to have five bedrooms and an entertainment room - was bought by an Indian national from the energy sector.

 

A few months ago, his purchase would have attracted the standard 3 per cent stamp duty, but the measures that came in on Dec 8 imposed an additional 10 per cent duty on foreign home buyers.

 

So the buyer will now have to stump up about $5 million in levies for the privilege of buying Dr Lim's home.

 

Sentosa Cove is the only place where non-permanent resident foreigners can buy landed homes, although transactions still need government approval.

 

Dr Lim's 15,929 sq ft estate in Cove Drive - likely two adjoining plots that had been merged - was priced at $2,448 per sq ft (psf).

 

That is well above auction prices achieved for 12 vacant Sentosa Cove bungalow plots in the southern precinct where Cove Drive is located.

 

Each plot went for between $656 and $1,039 psf in August 2006, or between $5.56 million and $8.15 million each. They do not include the construction costs. But even taking into account these costs, Dr Lim most likely has made a handsome profit from the sale.

 

The Lim sale smashes the old record of $36 million - or $2,403 psf - paid for a 14,983 sq ft bungalow on Paradise Island in the northern part of Sentosa Cove.

 

Mr Shen Bin, a Chinese national and Singapore permanent resident, is believed to have bought the property in May 2010.

 

Mr Shen is said to be the son of billionaire entrepreneur Shen Wenrong, chairman of China-based steel manufacturer Shagang Group.

 

The island experienced tepid sales volumes last year, so this latest mega-deal could revive the sector.

 

Only 79 caveats - 24 for landed and 55 for non-landed homes - with a total value of $737.6 million were lodged with the Urban Redevelopment Authority last year.

 

And there were only 12 new home sales last year, forcing some developers to look towards renting out completed but unsold projects.

 

The lacklustre 2011 followed a better year when 203 caveats - 62 landed and 141 non-landed homes - with a value of $1.7 billion were lodged.

 

With 75 caveats lodged, 2008 was the only year with lower sales volumes than 2011 since caveats started being lodged for Sentosa Cove in 2004.

 

Dr Lim was in the limelight after she took the Singapore Medical Council (SMC), which regulates the medical profession, to court. She had wanted to block an inquiry by a second medical disciplinary committee to look into complaints of overcharging.

 

There were allegations that she charged a member of the Brunei royal family $24.8 million for seven months of treatment and made false representations in invoices rendered to her. The patient died of cancer in 2007. Dr Lim later gave a 50 per cent discount.

 

After losing her case in both the High Court and the Court of Appeal, she has to bear the cost of her own legal fees as well as those of the SMC.

 

In such civil suits the losing party has to pay a part of the winning party's legal charges. This is in addition to the fees Dr Lim has to pay her own lawyers. She will also have to pay costs for both hearings.

 

[Astrid]

Now you know why Dr Ng Eng Hen, an oncologist, is called Bargain Hen. At S$2 m a year, he is a bargain!

Dr Ng could have earned multiple millions a year, had he remained as an Onco-surgeon.

Do you know how much these lead surgeons in private practice get paid?

 

It is indeed a great sacrifice on his part to agree on becoming a cabinet minister.

Salute!

[Windwaver]

KNN ! I think they earn too much !

 

I was at SGH A&E the other day & got this old man complaining to the cashier for charging him $90 & got no medicine given to him. The old man say the doc just talk talk to him & ask him to come back for another follow up & charge him $90 ! If I were in the old man's shoes, I would be pissed also.

 

Now you know why in Singapore GOOD HEALTH is GOOD WEALTH , can die but cannot fall sick!

[Astrid]

Why you all get affected so much?

 

Her husband is FT, sold house to another FT.

So money changed hands between 2 very rich FTs.

 

Why you all so bothered?

 

You want to become FT also can what.

Sell house, sell car, bring all your SGD to Batam to set up a business.

Can buy many landed property there in Rupiah!

 

And live like at FT there, with plenty GFs too!

You want?

Otherwise stop compraining lah.

 

Other people rich, you also tu-lan?

[Raymondism]

Dr Ng could have earned multiple millions a year, had he remained as an Onco-surgeon.

Do you know how much these lead surgeons in private practice get paid?

 

It is indeed a great sacrifice on his part to agree on becoming a cabinet minister.

Salute!

 

so if he go work in macdonalds as crew... he shld get $2M also?

[Porker]

so if he go work in macdonalds as crew... he shld get $2M also?

 

[Littleknown]

KNN ! I think they earn too much !

 

I was at SGH A&E the other day & got this old man complaining to the cashier for charging him $90 & got no medicine given to him. The old man say the doc just talk talk to him & ask him to come back for another follow up & charge him $90 ! If I were in the old man's shoes, I would be pissed also.

 

What kind of accident or emergency can cured by talking?

 

No wonder the blardy queue so long last time I go for bad ankle sprain.

[Tuna_seng]

so if he go work in macdonalds as crew... he shld get $2M also?

 

If Dr Ng worked at McDonalds, he should get much more than S$2m, because McDonalds is private sector mah.

[Raymondism]

What kind of accident or emergency can cured by talking?

 

No wonder the blardy queue so long last time I go for bad ankle sprain.

 

actually there is an outpatient clinic at TTSH... not sure abt other clinics but cheaper and faster than A&E

 

wonder why pple still go A&E for non-emergency cases....

 

sprain shld go outpatient clinic... u will be at the pharmacy before u even get to see the A&E doctor

[Raymondism]

If Dr Ng worked at McDonalds, he should get much more than S$2m, because McDonalds is private sector mah.

 

as crew?

[Jim]

Before you join the online mob to crucify her, consider these few things:

 

1) Susan Lim is a leading authority on liver transplant, not just in Singapore, but at a worldwide level. She isnt just any doctor.

 

2) The Brunei Royal Family made some ridiculous demands on her, including demanding her to show up in Brunei in person while she should be resting after she had a major eye surgery.

 

3) They refused to fly the patient out to Singapore and she was forced to charter a plane and retrofit it into a flying surgical ward. Can you imagine how much that would cost?

 

Don't just listen to one side of the story. From the looks of it, she is going bankrupt because of this fiasco, so don't envy her.

Edited March 2, 2012 by Jim

[Tuna_seng]

Dr Ng could have earned multiple millions a year, had he remained as an Onco-surgeon.

Do you know how much these lead surgeons in private practice get paid?

 

It is indeed a great sacrifice on his part to agree on becoming a cabinet minister.

Salute!

 

It was reported that Dr Ng earned close to S$7m a year as a surgeon in private practice, which is peanuts compared to what Dr Susan Lim earned.

 

And yet he chose to earn even smaller peanuts (S$2m) by joining the Govt.

 

K Shanmugam is another one whom is being paid peanuts as Law Minister, compared to his previous salary at A & G.

 

These are proven peanuts, not the "could have been" kind of peanuts of TT Durai's, whose $600k salary at NKF was the highest he ever took. These 2 ministers actually took severe pay cuts to serve in the Govt.

 

This is what many Singaporeans don't know nor understand.

[Tuna_seng]

as crew?

 

Yes he would be a highly qualified member of the crew, personally vetting every piece of french fry, hamburger and chicken patty that came out of the kitchen for carcinogens. And he would educate management and consumers alike on the dangers of eating too much unhealthy food. McDonalds will advertise their food as being approved by Singapore's leading oncologist and surgeon, leading to a global record breaking $200 billion in profits.

 

A stupid question deserves a stupid answer.