X
theAsianparent Logo
theAsianparent Logo
Product GuideSign in
  • Awards
    • Parents' Choice Awards 2023
  • Pregnancy
    • Due date calculator
    • I'm pregnant
    • Trying To Conceive
    • Labour
    • After birth
    • Baby loss
  • Parenting
    • Parent's Guide
    • Relationship & Sex
  • Child
    • Newborn
    • Baby
    • Toddler
    • Pre-Schooler
    • Kid
    • Pre-Teen & Teen
  • Feeding & Nutrition
    • Diseases-Injuries
    • Breastfeeding & Formula
    • Meal Planner
    • Health
    • Allergies & Conditions
    • Vaccinations
  • Education
    • Pre-School
    • Primary School
    • Secondary School
    • Primary School Directory
  • Lifestyle
    • Money
    • Travel & Leisure
    • Fashion
    • Home
    • Fitness
    • Contests & promotions
  • News
    • International
    • Health
    • Celebrity
    • Singapore
  • TAP Recommends
  • Shopping
  • Press Releases
  • Project Sidekicks
  • Community
  • Advertise With Us
  • Contact Us
  • Become A Contributor
  • VIP

Rich Chinese mum buys S$8.4 million apartment for her toddler

27 Aug, 2013
Rich Chinese mum buys S$8.4 million apartment for her toddler

As parents we love to shower our children with the best gifts. Find out what one parent bought that tops it all.

Do you remember the most expensive gift you bought for your toddler? Maybe it was a dress, a piece of jewellery or some fancy motorised car. One Chinese mother has topped it all, by buying a luxurious S$8.4 million apartment in Manhattan for her toddler.

teach your child the right values

A Chinese mum bought an apartment at One57, overlooking Central Park for her 2-year-old.

Kevin Brown, a Senior Vice President at Sotheby’s International, specialises in selling New York’s most prestigious properties. He said the unnamed woman purchased the flat in preparation for her little girl’s future college life in the Big Apple because her daughter may go to Columbia, NYU, or Harvard. When he enquired about her daughter’s age, he was shocked to discover that her daughter was only two.

RELATED: Teach your child right values to build his character

The apartment is at One57, a 90-floor glass skyscraper overlooking Central Park. The building was designed by a Pritzker prize-winning architect and boasts a library with a pool table and 24ft aquarium. It is slated to be the tallest residential building in the city upon completion. 

In a country like China where there is vast income inequality, this purchase raised more than just eyebrows and netizens have been weighing in on where the money could have possibly come from. Several comments left on Weibo, China’s version of Twitter, suggested that the woman must be related to a corrupt government official.

We were more interested in how such an extravagant gift could shape the character of the child.

RELATED: Instilling good behavior by teaching your child right values

Read on for some thoughts on how extravagant gifts could shape a child’s character! 

 

teach your child right values

What values do extravagent gifts instill in a child?

Making decisions

The toddler in question has not even started preschool and her parents have already assumed that she will go to an ivy league University in New York. But what if the daughter’s interests lead her elsewhere? With whom does the decision lie in the end – the daughter or her parents?

Over lavish

We all want the best for our children and so we work and save for their futures. Financial security is important but for those fortunate enough to be counted among the privileged, its even more important to instill in children the attitude of gratitude rather than raising them in a culture of entitlement. Lets remind ourselves to instill a sense of gratitude in our children even as we give the best that we can afford.

RELATED: How to teach your child right values like savings and investment?

 

teach your child right values

Such lavishness may bribe the kid into complying with their parents’ plans instead of following their own dreams.

Nurture independence

Many children showered with privileges, end up accepting their parents’ plans for them instead of following their own dreams. As a parent you could be bribing your kid into complying with your decision. Even if they go along with your plans, they may later resent the choices made for them.  isn’t it more important to instill confidence in our children to make and live by their own decisions?

RELATED: Guide to teach your child the right values of good manners and politeness

Knowing right from wrong

The mother may have just been a savvy investor who saw an opportunity for a better yield than any savings plan. Or she could have put her daughter’s name on the title deed to evade paying taxes or to channel income from corruption.  Remember that  your child learns right from wrong at a young age. Sadly, this child might just end up being part of the vicious cycle of entitlement and corruption that plagues China. For the rest of us, its a reminder to ask ourselves whether we are modelling the best values for our children. They will do as we do and not as we say.

Partner Stories
Celebrity Dad Mark Lee Shares the 3 P's of Raising School Going Children - Parenting Tips, PSLE Preparation & Protecting Your Child’s Eyesight!
Celebrity Dad Mark Lee Shares the 3 P's of Raising School Going Children - Parenting Tips, PSLE Preparation & Protecting Your Child’s Eyesight!
NTUC First Campus (NFC) Expands Child Support Model to Include Support for Mental Well-being
NTUC First Campus (NFC) Expands Child Support Model to Include Support for Mental Well-being
Singapore's Dengue Cases Surpass The 35,000 Mark, Highest Since 2013
Singapore's Dengue Cases Surpass The 35,000 Mark, Highest Since 2013
Typhoon Haiyan relief effort
Typhoon Haiyan relief effort

Got a parenting concern? Read articles or ask away and get instant answers on our app. Download theAsianparent Community on iOS or Android now!

img
Written by

Miss Vanda

  • Home
  • /
  • News
  • /
  • Rich Chinese mum buys S$8.4 million apartment for her toddler
Share:
  • China's new trend: adults drinking breast milk

    China's new trend: adults drinking breast milk

  • Rich Kids ‘As Disadvantaged as the Very Poorest’ Says David Puttnam

    Rich Kids ‘As Disadvantaged as the Very Poorest’ Says David Puttnam

  • 'Family is Priceless': Malaysian Man in Singapore Rents 2 Buses So He and 60 Other Strangers Can Join Their Families for CNY

    'Family is Priceless': Malaysian Man in Singapore Rents 2 Buses So He and 60 Other Strangers Can Join Their Families for CNY

  • Wife Forgives Husband Who Had Two Affairs And Got A Woman Pregnant

    Wife Forgives Husband Who Had Two Affairs And Got A Woman Pregnant

  • China's new trend: adults drinking breast milk

    China's new trend: adults drinking breast milk

  • Rich Kids ‘As Disadvantaged as the Very Poorest’ Says David Puttnam

    Rich Kids ‘As Disadvantaged as the Very Poorest’ Says David Puttnam

  • 'Family is Priceless': Malaysian Man in Singapore Rents 2 Buses So He and 60 Other Strangers Can Join Their Families for CNY

    'Family is Priceless': Malaysian Man in Singapore Rents 2 Buses So He and 60 Other Strangers Can Join Their Families for CNY

  • Wife Forgives Husband Who Had Two Affairs And Got A Woman Pregnant

    Wife Forgives Husband Who Had Two Affairs And Got A Woman Pregnant

Get advice on your pregnancy and growing baby. Sign up for our newsletter
  • Pregnancy
    • Baby
    • Education
    • Events
    • Allergies & Conditions
  • Family Occasions
    • Breastfeeding & Formula
    • Child Safety
    • Health
    • Diseases-Injuries
  • Lifestyle
    • Home
    • Money
    • Feeding & Nutrition
    • Diet & Weightloss
  • Normal Delivery
    • Cesarean Delivery
    • Behaviour
    • Secondary School
    • Formula Feeding
  • Ages & Stages
    • Latching & Concerns
    • Festivals & Holidays
    • Education
    • Pre-teen & Teen
  • More
    • TAP Community
    • Advertise With Us
    • Contact Us
    • Become a Contributor


  • Singapore flag Singapore
  • Thailand flag Thailand
  • Indonesia flag Indonesia
  • Philippines flag Philippines
  • Malaysia flag Malaysia
  • Sri-Lanka flag Sri Lanka
  • India flag India
  • Vietnam flag Vietnam
  • Australia flag Australia
  • Japan flag Japan
  • Nigeria flag Nigeria
  • Kenya flag Kenya
© Copyright theAsianparent 2023. All rights reserved
About Us|Team|Privacy Policy|Terms of Use |Sitemap HTML
  • Tools
  • Articles
  • Feed
  • Poll

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

theAsianparent heart icon
We’d like to send you notifications for the latest news and lifestyle updates.