It is public knowledge that LKY's wife and brothers law firm
benefited to the tune of probably more than a hundred million from
the HDB conveyancing business, being its monopoly provider..
Singapores latest conveyancing fees are up to 10 times higher than
that in the UK which has liberalized this business more than 30
years ago.. One can imagine the huge profit margin the bigger law
firms, including that of Lee & Lee, which is owned by Lee Kuan
Yews wife and brother and also the wife of Prime Minister Goh Chok
Tong, for what is essentially straight forward standard clerical
process..
It should be noted that in the UK and Australia, the conveyancing
of housing NEED NOT be handled by lawyers..
