Cheryl Tan Yi Lin & Anor

A trustee applied for court approval to sell a condominium flat held in trust for her minor son, solely because the property had increased in value from $1.8 million to $2.28 million. The court dismissed the application, finding that a value increase alone was insufficient grounds to liquidate a trust asset, and expressed concern about the trustee's failure to disclose material facts including her husband's death and her involvement in prior litigation.