Friday, 29 September 2023

We are shifting our daily news to Gutzy.Asia Support us there!

Grassroots leader wants to sell unit at double the price after demolishing illegal hidden floor

Last week (27 Sep), it was reported in the media that the company, ZACD Investments, which earlier constructed an illegal hidden storey floor inside its penthouse unit at The Alexcier in Alexandra Road, has demolished the floor and put the unit up for sale.
ZACD Investments is now asking a cool $4.2 million for its 10,506 sq ft unit. It was reported that the penthouse unit now only has 16 years of lease left. Industry sources revealed that the asking price, at $400 psf, is about double what the company paid for in 2006 at $212 psf.
The company was caught by authorities for illegally constructing an extra hidden floor on top of its 8th floor penthouse unit earlier this year, thanks to a whistleblower.
Living spaces found on secret hidden floor
The hidden ninth floor was found to have various living spaces with workstations, beds, a kitchen and a meeting room. In fact, it’s so secretive that to get there, people will have to enter through an office pantry on the 8th floor, key in a password at the door, which was disguised as a display shelf, before going up a flight of stairs to reach the 9th floor.
ZACD Investments comes under the ZACD Group which was founded by Stanley Yeo Choon Guan. At the time when the illegal construction was exposed, Yeo told the media that it’s not a floor.
He said, “It’s not an additional floor. It’s a racking system (shelving storage system). We built it 4 to 5 years ago for storage purposes. It’s only about 3,000 to 4,000 sqf.” However, inspection by SCDF officers showed that, unlike a racking system, it is constructed like an enclosed floor with interior fittings.
People interviewed at the building said they saw foreign workers taking the cargo lift to the 8th floor late at night. Even security guards were suspecting that foreign workers were living there because they were told to let these people into the building late at night. But Yeo insisted that no one was living in the unit. When asked about the furniture and beds found on the hidden floor, he said they were previously used in his company showroom. As for the workstations, he said he had moved them there from the 8th floor after his company’s IT system was “hacked”.
Stanley Yeo is a grassroots leader at Tampines
Check on the National Day Award site shows that Yeo is the Vice-Chairman of Tampines North CCC (Tampines GRC), who was awarded the Public Service Medal in 2015:

According to the Tampines Town Council’s website, Mr Yeo was appointed a member of the town council for a term of two years with effect from 1 October 2017.

In an article published in LinkedIn in Nov last year, it listed him as the Chairman of Tampines North Citizens Consultative Committee, which meant he has been promoted by the People’s Association.
In the article, Mr Yeo described himself as a “disciplined risk taker”. He said, “To do well in business, you need to know when to take calculated risks and when not to dive in recklessly.”

Notify of
Inline Feedbacks
View all comments

Latest posts

Election surprises and certainties: Dissecting Tharman’s presidential win

In the 2023 Presidential Election, Mr. Tharman Shanmugaratnam secured a stunning 70.4% landslide victory, surprising many, including himself. Despite expectations that TKL would win the opposition votes, voters from both camps showed a preference for Tharman's charisma and perceived competency. As Singapore reflects on the outcome, questions arise about the election's fairness and the real implications of Tharman's dominant win.

Volunteer as a Polling and Counting Agent for Singapore’s 2023 Presidential Election

For the upcoming Singapore Presidential Election on 1st September, members of the civil society have spearheaded an initiative to strengthen our democratic fabric. We invite committed individuals to join us as Polling and Counting Agents, standing together for a transparent, fair, and just election. This vote counting exercise, organized by members of civil society, is not specifically in support of Mr Tan Kin Lian, a candidate in the upcoming Presidential Election. It's an exercise in active citizenry. Nonetheless, Mr Tan endorses this initiative, which hinges on his candidacy, championing transparency, and has given permission for the results to be shared publicly.

Reflections from the Centenary: The Legacy of LKY and Singapore’s Future

Gilbert Goh reflects on the LKY centenary event: an inspiring showcase of a leader's global legacy juxtaposed against current challenges, urging Singapore to continue its path of progress.

Lim Tean advocates for Tan Kin Lian: A visionary leader for Singapore’s Presidency

In his speech at Mr Tan Kin Lian's launch of his presidential bid, Mr Lim Tean passionately championed the need for a truly Independent President. Highlighting Mr Tan Kin Lian's unique credentials and genuine concern for the wellbeing of Singaporeans, the Peoples Voice leader emphasized the pressing challenges of rising living costs and job insecurities faced by the public. Mr Lim depicted Mr Tan Kin Lian as a beacon of hope for the nation, advocating for a leader who genuinely understands and represents the people’s aspirations.

Tan Jee Say endorses Tan Kin Lian for President: A courageous, genuine, and humble...

In advocating for a truly representative leader, Tan Jee Say underscored Tan Kin Lian's humility, courage, and genuine dedication. Highlighting the pressing need for restored public trust and effective independence, Tan Jee Say emphasized that Tan Kin Lian, as the 'People's President', would bring back hope to Singaporeans and champion true democracy

Tan Kin Lian’s pledge: Rekindling unity and charting a vigorous future for Singapore

In the press conference to announce his bid for the Singapore presidency, Tan Kin Lian emphasizes safeguarding Singapore's reserves and strengthening public service integrity. Drawing on his 30-year leadership at NTUC Income, he envisions a future with affordable living, accessible housing, and job stability, pledging collaboration with the government for a united nation.

Strengthening Singapore’s political foundations: A call to action by Leong Mun Wai on Singapore’s...

Leong Mun Wai urges Singaporeans to strengthen political checks and balances, emphasizing, 'The best is yet to be for Singapore if we dare to make the right decision in upcoming elections.

Trending posts