[cheekopekman]

These statements by CPIB is damn interesting (see extracts below highlighted)....

1) Firstly, although Shan had offered and paid for extension renovations beyond his boundary area, why was the land size increased from 9,350 sqm to 23,164 sqm with fencing while the rental remains the same? 

Wah knn so good ah, If tenant is supposed to rent a 9,350 sqm area but if he offered to pay for renovations at adjacent land due to 'safety concerns' at more than twice his original area size, then he is entitled with access to the whole area with fencing at same rent? Adjacent land no need to pay extra rental? How much to pay for reno than can have such special arrangement? Isn't this preferential treatment? Commoner can have such arrangement or not? LOL. 

Can SLA be clear about their guidelines and the law regarding such a special tokong arrangement? *Wink

2) Clause 15 mentions that 'Minister Shanmugam and his agent were not aware of the Guide Rent. But final negotiated amount is $26,500. Next, at clause 23 finally mentioned that initial Guide Rent to be $24,500, then intended to charge tenant another $2000 to 'recover the amortized costs of works' which totals up to match exactly $26,500, LOL. 

WTF is happening? Really satki report findings with so many questionable points appearing technically legal but so coincidental like a freaking elephant in the room..LOL 





https://onecms-res.cloudinary.com/raw/up...0(002).pdf

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NBPCB, next GE better vote them out la. How long is the kum gong 61% going to be hookwinked by these 'legal' antics? LMAO.

So much land wasted leh!  Can be converted into many HDB estates leh!

[RichDad]

Where's Ridout Road leh?   Can we visit them or not leh?

Off Holland road and just behind the Ridout McDonald's on Queensway. Of course can visit. All ang moh chu.

[cheekopekman]

Off Holland road and just behind the Ridout McDonald's on Queensway. Of course can visit. All ang moh chu.

OK lah! Thanks!  Today is public holiday later go for picnic there lah!

[SGSeniorCitizen1952]

All Singaporeans, 

We are treated like idiots as CCS branded us.

This conclusion is so disingenuous and farcical.

Tragic. This country is finished.

[Scythian]

..

From a distance, not only Biden but the whole world's leaders all shaking their heads..

Lol   a joke

[Bigiron]

Where's Ridout Road leh?   Can we visit them or not leh?

look for ridout garden or mcd at ridout garden . it is near there

[Sentinel]

Paid by u lah. U forgot liao meh?

It's $400k of renovation cost leh

You think I hv no accountability ah? You think I like you or Shan or Vivi, is it? 

IS IT??

[Bigiron]

增建游泳池属于小型工程 无需当局批准

https://sgtalk.net/Thread-%E5%A2%9E%E5%B...9%E5%87%86

using state money $50K for repair work 

[winbig]

It's $400k of renovation cost leh

You think I hv no accountability ah? You think I like you or Shan or Vivi, is it? 

IS IT??

I thought u r very rich. 400k of peanuts also need accountability?

[jameslee58@hotmail.com]

The reason nobody want to rent is because the rent is high

But if got people rent, the rental goes to government

[Sentinel]

The reason nobody want to rent is because the rent is high

But if got people rent, the rental goes to government

Just so to get the facts right, the govt does not and cannot own money

All money generated belongs to the people of Sinkiepoor

The govt is paid its salaries and perks and bonuses, but they do not own the banks or the reserves

[Sentinel]

I thought u r very rich. 400k of peanuts also need accountability?

True, very true

[lioncityftw]

.
Why CPIB becomes a " Rubber Stamp "?

CPIB is a agency placed by the PAP-Gov under Prime Ministers Office (PMO). So this is not unexpected.


https://www.cpib.gov.sg/about-corruption...ependently.

[lioncityftw]

[RichDad]

All Singaporeans, 

We are treated like idiots as CCS branded us.

This conclusion is so disingenuous and farcical.

Tragic. This country is finished.

That's the problem with absolute power.

Must deny them a majority in parliament come 2025. Otherwise expect more of the same....

[K88 shu shu]

That's the problem with absolute power.

Must deny them a majority in parliament come 2025. Otherwise expect more of the same....

they will give low ses poor peasant sinkies CDC vouchers before erection, sure win.

[FangFang]

The next step is move on,,, don't waste SG money anymore

[forum456]

next is to see if WP and PSP will investigate further in the parliament.

if they just ask simple questions, we will need new opposition party in parliament.

SM Teo should not lead the investigation because he is aware of the rental from day one.

SLA is too generous with the renovation and rental

who paid for the swimming pool ?

[lioncityftw]

https://www.theonlinecitizen.com/2023/06...efensible/

The recent revelations from reviews conducted by Senior Minister (SM) Teo Chee Hean and the Corrupt Practices Investigation Bureau (CPIB) concerning the rental of state properties on Ridout Road by Ministers K Shanmugam and Vivian Balakrishnan have ignited intense debates across Singapore.

Despite these reports finding no evidence of corruption, criminal wrongdoing, or conflict of interest, they nonetheless expose a captivating financial puzzle within the operations of the Singapore Land Authority (SLA).

The SLA, responsible for managing Singapore’s state properties, finds itself in the spotlight due to its management of these rentals.

The reports reveal that the SLA spent a hefty S$515,400 to refurbish 26 Ridout Road, a property rented by Minister K Shanmugam, who also supervises the SLA in his role as Minister for Law.

The spending didn’t end there – the SLA expended an additional S$172,000 for site clearance, greenery replanting, and fencing, bringing the total expenditure to S$687,400.

In addition, the SLA spent S$570,500 to repair 31 Ridout Road. However, the report does not specify the cost of greenery clearance for the property, although satellite imagery shows extensive clearing when the Minister for Foreign Affairs began his tenancy.

These costs far exceed two years’ worth of rent collected from Mr Shanmugam, who pays a monthly rent of S$26,500 for a nine-year lease, and Dr Balakrishnan, who pays roughly S$20,000 monthly for an eight-year lease.

The situation grows more complex considering the properties’ land sizes, particularly for 26 Ridout Road. Initially spanning 9,350 sqm, the property expanded to 23,164 sqm after Mr Shanmugam offered to maintain the adjacent land.


Flourish logoInteractive content by Flourish


Flourish logoInteractive content by Flourish

The report argues that the rent for 26 and 31 Ridout Road is consistent with other black-and-white houses in the vicinity.

However, it fails to provide a detailed comparison of land sizes, particularly given that 26 and 31 Ridout Road overshadow many SLA-maintained black-and-white bungalows.

Moreover, it notably omits the rental details of comparable properties, thereby hindering public examination of the comparisons’ validity and appropriateness.



Table from report on rental of Ridout estates by the two ministers

The report justifies this rental agreement by claiming that the 26 Ridout had been vacant since 2013 before Shanmugam decided to rent it in 2018 and that 31 Ridout had been vacant for five years before two unsuccessful bids were made below the prevailing Guide Rent.

This assertion raises two significant issues.

First, it suggests SLA’s failure in maintaining the properties, resulting in an inability to lease the space or fetch a price above the guideline as the state of the property does not justify the guideline rent.

Second, it prompts questions about whether the SLA would have launched such considerable refurbishment efforts for an average tenant.

How would an average tenant, evaluating the state of the properties, anticipate that the SLA would spend over half a million dollars refurbishing the property for them upon signing the lease? Particularly since these tenants, who are expats, would probably rent on a two years + two years extension arrangement in most cases.

Can the SLA provide any examples where it has spent as much as it did on the two Ministers’ rented properties for the other estates it manages?

The CPIB highlighted a lack of precision in the SLA’s usage of the term “Guide Rent”, which led to the misconception that Mr Shanmugam’s offer exceeded the Guide Rent. In truth, his rental payment of S$26,500 matched the correct Guide Rent for the property.

The odds of a person making an exact bid on the Guide Rent, including the S$2,000 for additional refurbishment costs, have been likened by some netizens to winning the lottery.

Furthermore, while average citizens experience rental fee increases of as much as 70%, as reported recently by Reuters, Mr Shanmugam’s rental appears to be locked in for a nine-year period, and Dr Balakrishnan’s rent doesn’t seem to reflect market trends, implying potential economic losses in a rapidly inflating rental market.

Just a brief walk from 26 Ridout Road is a 28 times smaller estate listed on PropertyGuru, that commands a monthly rent of S$65,000. How does this align with market norms?

While SM Teo’s report seeks to absolve the ministers from any allegations of misconduct, it unintentionally raises more questions about the arrangement’s origins and financial viability.

Moreover, it brings into question whether these arrangements comply with the spirit of the Ministers’ Code of Conduct, introduced in 1954, which mandates that “a minister must scrupulously avoid any actual or apparent conflict of interest between his official responsibilities and his private financial interests”.

The forthcoming parliamentary session next week, where these issues will be addressed, is keenly awaited as the public eagerly anticipates the ministers’ responses.

----------------

[lioncityftw]

Satki 'no preferential treatment'...



Really Champion..

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To samurai...
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[Bigiron]

next is to see if WP and PSP will investigate further in the parliament.

if they just ask simple questions, we will need new opposition party in parliament.

SM Teo should not lead the investigation because he is aware of the rental from day one.

SLA is too generous with the renovation and rental

who paid for the swimming pool ?

Total spend $500k hor tax payers money

[Bigiron]

Satki 'no preferential treatment'...



Really Champion..

Power Sia makan other places to increase it

[RichDad]

All because of a weak PM.

[p1acebo]

All because of a weak PM.

Got strong one behind... Wearing skirt

[lioncityftw]

[RichDad]

Got strong one behind... Wearing skirt

Haha, wearing sandals and slippers too.

If there is a strong PM, all these potential or perceived conflict of interest thingy won't even happen.

And SLA will be revamped. Obviously they are doing a shitty job leaving so many B&W bungalows empty and losing revenue.

[K88 shu shu]

印度神话.

[ODA TETSURO]

Shanmugam informed SM Teo Chee Hean. so SM Teo was involved in the rental.

SM Teo should not lead the investigation because it will be a conflict of interest when he is investigating a case which he was aware about the rental.

PM Lee should appoint another minister who is not aware or involved in the rental.

it become a conflict of interest when SM Teo leads the investigation.

Lee Hsien Loong head of CPIB, simi conflict of interests?

[Buffybuffy]

好戏在后头lah。
They are not judge, they cannot make verdict.
不然要法官来做什么？

[Buffybuffy]

印度神话.