It was reported in the ST News that In response to media queries on the issue, the Singapore Land Authority (SLA), which manages state properties, said on May 12 that both ministers had rented the properties through a bidding process, with Mr Shanmugam the sole bidder for 26 Ridout Road and Dr Balakrishnan the highest bidder for 31 Ridout Road. So now we know that both the ministers rented the properties under direct leasing. If this is not a Conflicting Information, What is? The question is; What drove the SLA to make the conflicting and misleading information in the first place? Are there any accountability?
"The lease for 26 Ridout Road was signed by Mr Shanmugam's WIFE in June 2018. At that time, the house had been vacant for more than four years, having attracted no bids since its last occupants moved out in December 2013." "The lease for 31 Ridout Road was signed by Dr Balakrishnan's wife in October 2019." What's with these ministers' wives signing the lease agreements and not them ? Coincidence ?
@@joekerr8037 Somebody's wife accidentally drive there and accidentally found the "For Rent" Card displayed at the gate instead of from the Public News Media. Coincident Or Self-Serving Years? Singaporeans MUST and it is VITAL that Singaporeans Restore the 2 Keys System and abolish all Self-Serving Provision in 2025.
Every time you leave your house, there's a 0.0001% chance a car will hit you and you die. So, since there's doubt of your surviving if you leave the house, you will never ever leave your house, right???
Who in the freaking world will pay S$400K - S$500K on a rented property to do renovations & STILL pay S$26K a month which is not yours to own thereafter? The government DIDN'T even answer that question yet. Shouldn't SLA or whichever government department owns those Bangalow be responsible enough to fork out that money to do up at least livable conditions before renting?! On top of EVERYTHING else. IF you owned a GCB house, WHY would you want to rent out your unit to rent another if it's MORE expensive to rent the one to live in?! WTH?! The MORE they explain, the MORE we know that they're NOT FIT to be in Government. ALL No logic one! Goodness! And there's some saying that they're doing something there with those huge places. But then again it's another can of worms. That's why need to fast fast close this case lah. So that all holes are blocked & then shut up the opposition. So shameful sia! Do until like that. It's open book CHEATING! And MORE than 1 person involved to cover up. Sian. MORE Singaporeans NEED to wake up & KNOW that their vote DOES count & make a difference.
23,000 sqm only pays 9000sqm of "livable space"? In HDB where common Singaporeans live, even the external AC ledges exceeding 1.0m in width are included as chargeable GFA.
Opposition could not bite on to the question and get a good answer. So, it's not they have no bullets to use. It's their lack of shan'ability. Even Laywer PS could not take him down. That speaks a lot about him
Think u need to go study or meet cpib so that u can sleep well. Noted many of your posts on same, and it appeared u r blur or stir. Relax, go work harder, then if lucky u may stay nearer Ridout... There is no reason to be upset. It's abt other people capability.
So many man hours, resources spent in this parliamentary session just because the two senior ministers chose to disregard bad optics and prioritise material comfort.
You never ask how many private property Leong has? pap ministers RENTING only lah, goondu. They doing more national service by giving their high pay back to govt. You leh? How much income tax and property tax you pay?
@@scbchong6964 Goondu. Why you never also ask how many properties these ministers own and ask PM why dare not reveal Ho Ching's salary and remuneration? Lol!
Empty Factory space 17k sqft rental is 30k monthly at Jurong/Kranji Ridout road bungalow renovated 248,335sqft rental $26,500. Sigh don’t know what to say 😢
@@johnlim1678 Doesn't it show that if Opposition come into power, they will confiscate your property at their whim and fancy using false accusations and lies?
Minister Teo, anymore 0.11 cents/sqft/month for 23,000 sqm Good Class Bungalow for Singaporeans to rent or not? I am sure many Singaporeans want to rent for 3 X 3 X 3 X 3 years "special" contract, no need re-tender type. In HDB, even the aircon ledge exceeding 1m width is counted as chargeable GFA space. Maybe Singaporeans should tell the HDB the aircon ledge is non "livable space"?
We can combine a few hundred people to pool together a fund to rent the place. The land is large enough to house a few hundred in makeshift huts or tentS. Wah! 0.11 cents/ psf so cheap!!!
The cheapest area to rent a 5-room flat was Sembawang at $2,850 monthly. And it is about 1,100 to 1,200 square feet, a rental HDB is does not comes with a lawn where no living can be done unless you like the nature too much, but I digress
@@LonganLee Fun fact: Branson has thambi blood in him. One of his ancestors was a thambi, and three (?) generations of his ancestors lived in thambiland before returning to the UK.
23,000 sqm only pays 9000sqm of "livable space"? Do you think Common Singaporeans ever enjoyed such "Extra treatment" before? By the way, is the SLA under the Ministry?
"The lease for 26 Ridout Road was signed by Mr Shanmugam's WIFE in June 2018. At that time, the house had been vacant for more than four years, having attracted no bids since its last occupants moved out in December 2013." "The lease for 31 Ridout Road was signed by Dr Balakrishnan's wife in October 2019." What's with these ministers' wives signing the lease agreements and not them ? Coincidence ?
If it is not brought up now. After few years, the option to buy may materialise n who knows what the price may become. Towards that time it may not be known or perhaps it becomes a concrete stone much harder to break. Such case like this Founder LKY shall not let this happens. Don't touch it.
As a comparison , It is so much Cheaper than Office Space Rental Rate at the Prime Landed Area. The Question is How did he managed to Extend the lease without a Re-Tender? Many Singaporeans could have rented the space as Office space since it is so much cheaper at $26,500 per month for 249,335 sqft with swimming pool and "Class". According to a recent listing on PropertyGuru, one estate at Ridout Road with a land size of 8,758 sqft was advertised at S$65,000 a month. How would common Singaporeans ascribe such "treatment" if it is not "preferential treatment"? Or how would you? Do you know why I said Mandate is Unwise?
Do you understand 3 + 3 + 3? It's an option to extend. Same as for JTC leases. Option will be executed at prevailing market rent based on other comparable properties
@@amancalledfroggy Is SLA under the Ministry? or is it a nominal practice enjoyed by All Singaporeans? Who drafted the Contract? When was the Contract drafted. And that is why We need the new President to call for a COI [Commission Not Committee of Inquiry under the INQUIRIES ACT 2007] on the Ridout case. Even Coffee Shop lease Tender must be re-tender. Renewal clauses like This is a Tender, the lease is not subjected to be renewed? At 11 cents per sqft per month? Please answer those questions; Is SLA under the Ministry? or is it a nominal practice enjoyed by All Singaporeans? Who drafted the Contract? When was the Contract drafted. Oh by the way, I am a Pro PAP but still have to ask those questions.
@@amancalledfroggyOption to extend at prevailing mkt rates has to be mutually agreed by both tenant n landlord. In this case as landlord is SLA, it would had been wiser if they had gone for a re-tender for better transparency and accountability since taxpayers funds are involved.
Behind the scenes, these two millionaire ministers have become a liability because of their lapse of good judgement. And they know it. The real question is why are LW, CCS, HSK, OYK and the younger ministers so quiet sitting on the kiddie table ?
Should not have gotten into this mess. It is either bad judgement, or there ought to be a better way of doing it, given how much we priced our intelligence.
The ministerial statements did not conclusively determine KS and VB innocence. Instead, it had brought up more questions in the minds of the public and even surfaced incriminating evidence to their crimes. In KS's speech, he affirmed that CPIB only " look through" his phone and did not find any relevant information because he had his phone set to "delete messages". This might have shown KS's intent to obstruct justice by destroying key evidence to all his alleged crimes. I am urging PM Lee to reopen the criminal investigation into KS and VB citing the new revelation. CPIB must raid KS and VB to detain and use digital forensic technologies to retrieve all deleted files as soon as possible before all data are lost permanently. If the two ministers are found to have committed crimes, they must be trialed and punished with the full force of the law. If PM Lee refuses to reopen the criminal investigation, then the public must conclude that the PAP in no longer incorruptible. This will mean devastating consequences for the PAP in the upcoming general election.
They forgot they are heads of civil servants... ... ... If Lee Kuan Yew be around, and is still PM, these two will be axed. That'd be high degree of integrity. All these brainless talks... ... ... Sigh~ Loong wants such mess to go on, or he still thinks he or the next PM can handle? Hahahahahahaha... ... Come on~
CPIB already investigated and found no wrongdoing. And u wanted our PM to misuse his power to reopen the case because you are not happy with CPIB investigation reports. My advice to you is you file a police report and let the police investigate your so called “criminal case”
All those Opposition politicians and supporters who are pointing finger are the real concern. If they come into power, your private property will be subject to confiscation at their whim and fancy and false allegations, eh.
Can u share with us who did he sent the messages to? Even he deleted all messages in his phone, he cannot and has no way to delete all messages in other people’s phones he has send to. How I know? I tried very hard to delete my messages to my wife in my wife’s phone
At the end of day come GE, singaporeans shall vote in law minister and foreign minister moving forward or not , we all shall see the perception anf feelings
Vivian Case Mr Singh considered Mr Balakrishnan’s lease less contentious. As the SLA doesn’t fall under his ministerial portfolio, Mr Singh suggested it was highly unlikely for his duties to overlap with the SLA’s functions and responsibilities. Mr Singh went on to assert that there was no evidence that could “arouse suspicion” under clause 3.1(b) of the Code that the minister used special knowledge acquired in his role to benefit himself. “There is no evidence presently available of this, and it would be impermissible to come to this conclusion,” he declared, concluding that the lease at 31 Ridout Road didn’t appear to violate the Code. However, Mr Singh urged the government to clarify whether it intends to maintain the Code’s strict prohibitions. He stated, “If the current strictures in the Code are being loosened, the government should explain why strict standards which have been in place for decades are being adjusted.”
WP performance is seriously cannot make it. He should ask the law minister to resign. They are so many GCB to rent why must the law minister die die want to rent from own ministry.
@@ravipravip2180 u must be a licking dog og WP. Look at their performance on ridout you already know, next time they will sure love conflict of interest and maybe corruption.
20k in rent is for the rent. Cannot say the 20k rent is sufficient to cover the extra costs spent , recovered over the lease years. Yes, there is income but then if only use the rent to cover the repairs, the income of rent is gone to cover the repairs so where is the rent income thats supposed to be earned?
Not everything is profitable, but there are cost benefits analysis, beats leaving it vacant? As a landlord, sometimes u have to replace something at a loss to make it livable for thr tenant
Because snake sham sought his clearance and dragged him into it. Really Teo Chee Hean - how can you even fairly review it as you are the one who gave the go ahead for Snake sham to rent.
There are no VIP treatments on paper. Simple example, if they need to see a specialist in a government hospital, do you think they need to wait 3-6 months like all the peasants? When certain names appear, the people will know what to do to keep their bosses happy and protect their own rice bowl.
Yawnz tell me which country dun pratice what u r saying dun be naive and dun pick on these kind of things to overturn government be diligent and find what the givernment is actually doing ifnpolicy are harmful and no improvement then raise it up dun always find these kind of fault which really wont make a difference coz this will also continue is the same what when in army whenever there afe high ranking officer coming will always do extra things to make it orwsentable
Well, let me illustrate to you another perspective on this. So these individuals are the people governing our nation and making the big decisions for our country's future and what-not. If they were somewhat ill and if that might impair their abilities to work in their hired capacities, would you not want them treated ASAP? Or would you rather they quit and a new hire be found? If they were only a rank and file employee in roles that readily have many capable candidates, sure. But do you think it would be easy to find a replacement of a similar qualification, capability and experience in a short period of time? I would put it to you that in the amount of time needed to find such a replacement, the incumbent would have already seen the medical specialist, started on their treatment, and back in their jobs, versus the new hire who would still be finding his feet in his new job, provided you can actually find someone in that short span of time. So priority for members of the govt, sure I can accept that. But where I would draw the line is excessive "discounts" for products and services etc. Like some minister's rumoured $8 heart surgery.
Actually the question is quite simple - if I want to rent the same place today and submit a bit slightly higher, can I win? If yes then I have no issues with it.
I believe in the integrity of our government, in both cases there was NOT conflict of interest, I don’t understand what Mr Leong MW is asking, his lack of information in display is just mind blowing. If you are going to the Parliament not doing your job and not getting fact … you are just warming up a seat.
Next door enbloc the Holland Tower everyday gawking at a landplot that is 12 times the size of their condo land. His rented GCB the space make other GCB people jealous, that is how big it is. 23,000sqm, you from the main road cannot see the house.
Mr Leong Mun Wai. Don't waste your time in parliment. We want an oppositon to do somethings better for Singaporean life. Why waste time debating just because the Ministers wanted to rent a house. This is the Minister's private affairs. Leong Mun Wau must tell the PAP govt and show them how you can do better to improve the life for Singaporean. This is more important...
Their 'fair' assessment is already very 'well known'. Market rate by SLA... ... Hehehehehe~ Sorry, as a member of public, hence my public opinion... ... this is my public opinion. Hahahahahahahahahahaha... ... Hahahahahahahahahahahahahahaha... ...
@@bobafett5757 Grants? I sell you chicken wings now $1000 a piece, and offer a grant of $500, then I tell you I offer $50 more to be $550 for grants... ... How about that? This lease thing... ... ... You know this is a lease, right? Hehehehehehehe~ And you know flats are for who, right? Rich people can buy bungalows... ... now every citizen must be millionaires soon to afford flats... ... leases. Hahahahahahahahahahahaha... ... Hahahahahahahahahahahaha... ... Grants? Who needs grants when you can offer reasonable priced accomodations?
@@logicrule Regarding fixing old buildings... ... Have people actually look at the quotations, or taxpayers' money to the 'chosen' contractors? Hehehehehe~ Have fun.
You never ask how many private property Leong has? pap ministers RENTING only lah, goondu. They doing more national service by giving their high pay back to govt. You leh? How much income tax and property tax you pay?
This is not a chalet booking from public, spent 500K to reinstate as per SM Teo mentioned, if my HDB could rent for 3K, will I spent 60K to renovate it? Think about it, no one is stupid, if there’s any potential conflict of interest, i rather don’t touch it!
PM Lee tasked SM TCH to do the investigation. By the end of the day, SM TCH just read out the CPIB investigation. Never stated his own finding. In the parliament, LHL should read out the CPIB and TCH should read out his.
Leong in parliment said Vivian initial tenancy 22% discount is base on built up n not land! Average rent that time is 29.6 psf built up n 31 ridout road is 23.05 psf base on built up!It is so serious because the leong said vivian initial tenancy 22% discount is base on built up n not land! Average rent that time is 29.6 psf built up n 31 ridout road is 23.05 psf base on built up!
i am a single who have served 20 years meritorious service in public service but can only buy 2 room bto in a far flung place...can singles buy new 5 room too if we have money
What leong mun wai says is that ministers should not end up transacting with government to avoid conflict of interest. Totally impossible. Must as well outsource our politicians to another country, and these politicians barred from buying anything in singapore. Zero conflict of interest then.
You mistaken. I interpreted what LMW said as for this specific case only, where the Tennant is the Chief of the SLA which is the entity leasing to the Chief of SLA.
@@LonganLeei know what leong said in his ramble, but what he is suggesting is that ministers can’t transact with government that they control. As sm said, what about PM? Even with cpib findings, Leong is still trying to throw shades, cast doubt.
Paying them million salary and renting so cheap,,,,,that is really somebody,,,,if not those billions business company can take over all this cheap and special renting,,,,,why stay in those hotel ,,,,really somebody very special....
Gan Swee Leong, a seasoned public policy educator and a former political columnist for The Straits Times, has put forward some critical arguments. has also held a senior position in the government’s policy formulation department, underscored the potential for a perceived conflict of interest because the government’s landlord, the Singapore Land Authority (SLA), reports to the Ministry of Law. He argued that there is arguably a breach of the Minister’s Code of Conduct, which demands that Ministers avoid any actual or apparent conflict of interest. He stated that mainstream media reported the Minister’s request to the SLA for “a list of properties available to the public for rent, AND THEN VISITED some of these (highlighted) properties” without any official reason, suggesting this could be viewed as a personal request and a potential abuse of power.
Mr Teo - they rented at mkt rates. Question : why was floor area and not land area used for the landed properties calculation of rent amount as in all fenced up landed properties in Singapore? So the corollary is - did they got the land FOC?
Basically why can’t you put in place a law that all ministers are not allowed to rent out any properties. I mean eventually you can’t blame Singaporeans to think negatively. Look at what is happening now. Is it worth the effort and time? When I am sure there is much more important thing to attend to.
He is must be very close to your heart, his coming holiday you can have wonderful place that so BIG......good that your are his real friend. Million salary paying so little for that place.... Whether any place so big are put for rental.....can you ask him.....thank alot
Really not sure why is 26k a month for a gcb equivalent house is consider market rate. Just do a search and the rental rate for half the size gcb is around 65k. Hope our minister can provide more data to back this up.
Why would a minister rent another bungalow when they already owns one ? Tax n expense write off? In Canada, elected officials came from all over the Provinces n rent a house or condo in Ottawa n they claim allowable rental expenses
The question should be if an ordinary citizen were to rent these bungalows will the government do the same to spend 1 million to ensure these bungalows are so called livable???? Why no MPs ask this simple questions and that will shed more light into this matter that there isnt a standard for Ministers and another standard for the common joe......
Watching this out of curiosity after watching the Daily Ketchup podcast. However, I can't help noticing Mr Maliki Osman on the left screen. He looks unwell. Maybe he just very tired. I hope he is alright.
On what basis mr teo is basing on the rights or wrongs in this issue,mr shamugan say he will defend himself right?And repeating the procedures doesn't mean there is no fault in this situation
Great issue to bite on, most people will simply ignore the differences between renting vs leasing/owning, and come up with all sorts of math to compare between the 2 based on $ per PSF, which is lol. Renting is straight up burning money, you can't ever get it back, while in a relatively stable property market here, buying a property (even though you technically do not own it for life) allows you sell it later on, most likely for a profit too. These 2 ministers fronting parts of the repair, and paying rent for these obviously very hard to rent out state owned properties (who the hell wants to live with wild poisonous snakes around) can easily be seen as putting money back into the government's coffers for other uses, seems quite a good thing.
the state should have done more to make it inhabitable instead of leaving it vacant on the market for 5 years which is a waste of our land. in fact all bw properties are too big and inefficient use of land. they should all be demolished. we have lack of land already as it is . want to live in big plots of land with big houses buy a retirement home in New Zealand or something -.- doesn't make sense to put lease/own in the same phrase. completely different things. hdb is effectively a 99 year rental agreement paid in lump sum not monthly that's all , don't see the difference.
@@taeyeonist1462 agree, not clear why we need to keep these B&W existing rather than using the land more productively. here's how i see rent v lease v own: rent = never getting back your money lease = some industries commonly work off lease to own schemes, buy over later and own, so thats i think where i was coming from own = ultimately hdb is marketed as own due to the long span which isn't accurate, but the reality is it is something you can sell back for money, it belongs in this category, because most would buy and sell multiple times in their lifetime
@@swellgr1 disagree. lease means the ownership lies with the state. if the government so chooses, it has the power to kick people out of their hdbs and rebuild it into something else. land acquisition act or whatever. it’s just that they use a special purpose agreement with an extra clause that allows you sell it in the market for leaseholds with conditions attached. hdb can decided to change the rules and ban sales tmr, but it won’t, doesn’t mean you own the property. i’m not saying we should be allowed to own hdbs, we do lack land. but call a spade a spade. long term leases != ownership.
sure, but the reality is most everyone gets to sell their HDB to recoup their past payments as of now and in the near future, renting is a 100% dead end you ain’t getting your money back. so who cares if these MPs are renting and burning their money on property that basically no one wants to rent? there’s no profit for the MP, but there is profit for the state.
@@swellgr1 that's just based on currently available information. the fact is there is very little precedent for what happens when a 99 years lease ends. and the public housing property market is getting way out of hands. you'd be able to sell a 10 year old bto sure what about those 80 year old flats? it does not change the underlying reality that a lease is not as good as ownership. fully owned properties go up in value over time. hdb housing depreciates over time. it may not depreciate at 10 years old but try 80 years
The Great Asia has been calling them PAP fat cats for over two decades. I'm not surprised to see them living like our ex-colonial masters. The Great Asia has also been calling PAP the medieval church. So can someone please tell PAP priests the population density is around 10,000 per sqkm for majority of Singaporeans. Ha ha ha!
Erm you are correct about our crazy population density. It average out at about 7.6k per sqkm. But the reality is....
Choa Chu Kang, Resident Population=189000, Geographical Size (km²)=6.12, Population Density (km²)=31000 Sengkang, Resident Population=252730, Geographical Size (km²)=10.6, Population Density (km²)=23800 Punggol, Resident Population=185810, Geographical Size (km²)=9.23, Population Density (km²)=20100 Woodlands, Resident Population=252190, Geographical Size (km²)=13.57, Population Density (km²)=18600 Jurong West, Resident Population=258240, Geographical Size (km²)=14.68, Population Density (km²)=17600
@@gnaleinad Yeah, the toilets in your BTO flats are fitted with water saving features. This is to allow PAP fat cats to swim in private pools and play in bathtubs. Ha ha ha!
So if Opposition can solve all your problems, why those in Hougang and Aljunied still complaining and unhappy after 15 years now? WP been in power in Hougang so long but still nothing better delivered. Are you working or still in school?
Ridout is one kacang puteh issue that is of no material interest and inconsequential to the public at large! It also has no bearing on the integrity of the government nor Shamugam & Vivian! If at all, both ministers should be commended for their low profile, down to earth, unassuming, free, and easy orientations, and paying exorbitant rents which are way above market rate for, OMG, such skeletar brick and mortar over exaggerated house, just to live with 12ft, 16ft, and 18ft pythons, king cobra, 5 ft monitor lizard and monkeys! There are plenty such houses near sembawang at queens Ave ( stayed there 11 years ), kings ave, etc which were vacant for umpteen years!! Singaporeans should thank them for generously contributing to Singapore treasury! Misinfo & disinfo, and witch hunting will not turn you from zero to hero! BUT, if you can come out with a proposal & justification addressing the kacang puteh COL and seniors special bonus payout, and if you could convince the government, you will be hero! SO PLEASE TALK KACANG PUTEH OF A DIFFERENT KIND RELEVANT TO THE PUBLIC AT LARGE! BTW, mr. Leong have you ever stayed in a black white house? I stayed for 35years from seletar to sembawang to changi!
you very close to pm, can help me ask him still have $0.11 psf base on land, landed house to rent? i cant find this on sla website, they are 1-2 psf base on land
"Anyone Has Land In Ridout Road To Rent At $0.11psf?For Planting Durian Trees-Mao Shan Wang". $26,500 per month for 249,335 sqft with swimming pool and "Class"? About 11 cents/psf/mth. I want to laugh.
Chee Hean didn't hit the integrity issue. Well, if so... ... same for the reserves, just take out lah... ... Oh, bitcoin seeming making HUGE returns, best take out with someone in position thinking like that and just get BIG returns... ... General rule... ... Ministers vs SLA handling state assets... ... if Ministers can do that to that assets, such an example is from top to bottom to other state assets... ... This is not right. And very bad example. As if I am the CEO, I go to accounts department let them value a golden tap at $1 or something else, and shareholders found out, I say, why not... ... why let the golden tap rust or decay and left there since no one bought it... ... why not I use it, better for the company, at least you got $1 or $1000 and the tap can be utilized... ... Chee Hean... ... in my view, Chee Hean should be way smarter. It is not about cheap or not. Come on... ...
When are the Opp going to stop this nagging of Ridout Road issue and focus on the lives of Singaporeans in stead or personal arguments over personal matters that brings us to nowhere! Is that all the Opp can do? We expect our Opp to be able to contribute positively instead of just catfighting in parliament
This proves that the monthly salary of each senior minister and minister of state, is so affordable to pay for such hefty and high rent extravagantly for a house he or she desires to reside in it….renting for S$26,000 or S$20,000 per month is actually a normal junior worker’s annual salary package !😮
@@garrytan9521 even hdb these days are 5 to 6K in prime areas. The rent is pretty low for the size and location because conservation houses come with limitations. A 2 bedroom condo in Orchard is over 7K now. Not high at all.
No matter what questions you ask, they will just deny all the way
True...all very free
It was reported in the ST News that In response to media queries on the issue, the Singapore Land Authority (SLA), which manages state properties, said on May 12 that both ministers had rented the properties through a bidding process, with Mr Shanmugam the sole bidder for 26 Ridout Road and Dr Balakrishnan the highest bidder for 31 Ridout Road.
So now we know that both the ministers rented the properties under direct leasing.
If this is not a Conflicting Information, What is? The question is; What drove the SLA to make the conflicting and misleading information in the first place?
Are there any accountability?
This should have been questioned by oppies in parliament. Clarification is needed
now they distract everyone with adultery news, to side track. and make everyone forget
"The lease for 26 Ridout Road was signed by Mr Shanmugam's WIFE in June 2018. At that time, the house had been vacant for more than four years, having attracted no bids since its last occupants moved out in December 2013."
"The lease for 31 Ridout Road was signed by Dr Balakrishnan's wife in October 2019."
What's with these ministers' wives signing the lease agreements and not them ?
Coincidence ?
@@joekerr8037 Somebody's wife accidentally drive there and accidentally found the "For Rent" Card displayed at the gate instead of from the Public News Media. Coincident Or Self-Serving Years?
Singaporeans MUST and it is VITAL that Singaporeans Restore the 2 Keys System and abolish all Self-Serving Provision in 2025.
'When in doubt, don't touch...' Well said LMW.
Wisdom👍
And boy did they TOUCH
Every time you leave your house, there's a 0.0001% chance a car will hit you and you die.
So, since there's doubt of your surviving if you leave the house, you will never ever leave your house, right???
@@andrewrollout1657 Sure, if you are that silly 😜
*LMY is spot on and hes making great sense here in general hes logical*
He is a hopeless antagonist.
He knows nothing about his work.
@@fiost1489Do you know that such Collonial house was built way back during 1900s and dont that sound haunting to you ?
Are you the same boba??
Suddenly swaying toward the opposition??
Aren't you always supporting pap??
@@fiost1489 Why so worried? He never sia suay anyone lah....He rather bite the bullet.🤣🤣
it will be appropriate to use independent investigating team or at least include 1 or 2 opposition members into the investigating team.
By the PAP argument, if 23,000 sqm only need to pay 1000 sqm, then it can be better seen to be paying well above "market rate"?
Who in the freaking world will pay S$400K - S$500K on a rented property to do renovations & STILL pay S$26K a month which is not yours to own thereafter? The government DIDN'T even answer that question yet. Shouldn't SLA or whichever government department owns those Bangalow be responsible enough to fork out that money to do up at least livable conditions before renting?!
On top of EVERYTHING else. IF you owned a GCB house, WHY would you want to rent out your unit to rent another if it's MORE expensive to rent the one to live in?! WTH?! The MORE they explain, the MORE we know that they're NOT FIT to be in Government. ALL No logic one! Goodness!
And there's some saying that they're doing something there with those huge places. But then again it's another can of worms. That's why need to fast fast close this case lah. So that all holes are blocked & then shut up the opposition. So shameful sia! Do until like that. It's open book CHEATING! And MORE than 1 person involved to cover up. Sian. MORE Singaporeans NEED to wake up & KNOW that their vote DOES count & make a difference.
You do not know what rent they are getting for their GCB.
what is your conspiracy theory then?
23,000 sqm only pays 9000sqm of "livable space"? In HDB where common Singaporeans live, even the external AC ledges exceeding 1.0m in width are included as chargeable GFA.
Opposition could not bite on to the question and get a good answer. So, it's not they have no bullets to use. It's their lack of shan'ability. Even Laywer PS could not take him down. That speaks a lot about him
Think u need to go study or meet cpib so that u can sleep well. Noted many of your posts on same, and it appeared u r blur or stir. Relax, go work harder, then if lucky u may stay nearer Ridout...
There is no reason to be upset. It's abt other people capability.
@@leanne2330 rental not bought....
We arent voting in good Oppies who can ask the right questions like KJ and LT
@@leanne2330 You too, better retire to yr kennel, it's bone time.
So many man hours, resources spent in this parliamentary session just because the two senior ministers chose to disregard bad optics and prioritise material comfort.
Applaud Leong Mun Wai for asking very good questions.
You never ask how many private property Leong has? pap ministers RENTING only lah, goondu. They doing more national service by giving their high pay back to govt. You leh? How much income tax and property tax you pay?
@@scbchong6964 Goondu. Why you never also ask how many properties these ministers own and ask PM why dare not reveal Ho Ching's salary and remuneration? Lol!
@@scbchong6964 doggy chong come out to play? defending your masters again? woof woof have a biscuit
@@scbchong6964 Leong is from RI
@@scbchong6964 Goondu. Why you never ask how many opposition MPs stay in B&W bungalows and are paid million-dollar salaries?
Actually the rent at $26000 per month for such a huge bungalow is quite cheap.
Not quite but very dirt cheap
Empty Factory space 17k sqft rental is 30k monthly at Jurong/Kranji
Ridout road bungalow renovated 248,335sqft rental $26,500. Sigh don’t know what to say 😢
The tenant at Ridout cannot put machinery or build anything on the extra land, hor, stupid.
Not so sure how big is LKY's house !
👍👍👍👍👍
@@johnlim1678 Doesn't it show that if Opposition come into power, they will confiscate your property at their whim and fancy using false accusations and lies?
Minister Teo, anymore 0.11 cents/sqft/month for 23,000 sqm Good Class Bungalow for Singaporeans to rent or not? I am sure many Singaporeans want to rent for 3 X 3 X 3 X 3 years "special" contract, no need re-tender type. In HDB, even the aircon ledge exceeding 1m width is counted as chargeable GFA space. Maybe Singaporeans should tell the HDB the aircon ledge is non "livable space"?
An insult to our intelligence
You go rent lorh, its up to the public to bid
go and rent la but make sure you can afford the maintenance
We can combine a few hundred people to pool together a fund to rent the place. The land is large enough to house a few hundred in makeshift huts or tentS. Wah! 0.11 cents/ psf so cheap!!!
The cheapest area to rent a 5-room flat was Sembawang at $2,850 monthly. And it is about 1,100 to 1,200 square feet, a rental HDB is does not comes with a lawn where no living can be done unless you like the nature too much, but I digress
Now its much higher. Rent has skyrocketed recently
No wonder Billionaire Richie Branson dare not take up the debate on Death Sentence in Singapore. Would he debate if held outside SG?😅
Why would they even asked him to debate. Fellas not even trained. They should debate on someone trained in that matter.
@@khaosmue2114 he is rich. Can get lawyers guide him and provide all the roti prata for him to use in debate
@@LonganLee Fun fact: Branson has thambi blood in him. One of his ancestors was a thambi, and three (?) generations of his ancestors lived in thambiland before returning to the UK.
@@JacobNightingale noted.
23,000 sqm only pays 9000sqm of "livable space"? Do you think Common Singaporeans ever enjoyed such "Extra treatment" before? By the way, is the SLA under the Ministry?
Erm isn't the livable space 856.5 sqm at 26 Ridout Rd?
What I heard SLA is under Ministry of Home Affairs which KS is the Minister. Is this true?
"The lease for 26 Ridout Road was signed by Mr Shanmugam's WIFE in June 2018. At that time, the house had been vacant for more than four years, having attracted no bids since its last occupants moved out in December 2013."
"The lease for 31 Ridout Road was signed by Dr Balakrishnan's wife in October 2019."
What's with these ministers' wives signing the lease agreements and not them ?
Coincidence ?
*CNA pls upload PS and Sylvia speech or commentary cos many want to hear from this 2 astute lawyers*
Maybe waiting for approval. PS, please upload in your site.
It's good to have Mr Singh around
But is this a meaningful question?
Cant as they exposed these clowns who are their indirect pay masters
@@adamlau194 no lah, majority believe them and in terms of elections or democracy that's all that matters
*LMW is getting better in addressing the concerns so keep it up*
@bannedagain-dt1oj Its LMW all the while and is your eyes playing trick on you ?
Can their rental rate be even cheaper than HDB unit rate pro-rated to $/sqft/month?
Sorry, no MP asked that for you
Cost Per square feet is inversely proportional to size of development. Go ask housing agent.
What do you think?
If it is not brought up now. After few years, the option to buy may materialise n who knows what the price may become. Towards that time it may not be known or perhaps it becomes a concrete stone much harder to break.
Such case like this Founder LKY shall not let this happens.
Don't touch it.
Rideout rentals are a waste of land that can be use to build hdb
As a comparison , It is so much Cheaper than Office Space Rental Rate at the Prime Landed Area. The Question is How did he managed to Extend the lease without a Re-Tender? Many Singaporeans could have rented the space as Office space since it is so much cheaper at $26,500 per month for 249,335 sqft with swimming pool and "Class". According to a recent listing on PropertyGuru, one estate at Ridout Road with a land size of 8,758 sqft was advertised at S$65,000 a month.
How would common Singaporeans ascribe such "treatment" if it is not "preferential treatment"? Or how would you?
Do you know why I said Mandate is Unwise?
Do you understand 3 + 3 + 3? It's an option to extend. Same as for JTC leases. Option will be executed at prevailing market rent based on other comparable properties
@@amancalledfroggy Is SLA under the Ministry? or is it a nominal practice enjoyed by All Singaporeans? Who drafted the Contract? When was the Contract drafted. And that is why We need the new President to call for a COI [Commission Not Committee of Inquiry under the INQUIRIES ACT 2007] on the Ridout case. Even Coffee Shop lease Tender must be re-tender. Renewal clauses like This is a Tender, the lease is not subjected to be renewed? At 11 cents per sqft per month? Please answer those questions;
Is SLA under the Ministry? or is it a nominal practice enjoyed by All Singaporeans? Who drafted the Contract? When was the Contract drafted. Oh by the way, I am a Pro PAP but still have to ask those questions.
@@amancalledfroggyOption to extend at prevailing mkt rates has to be mutually agreed by both tenant n landlord. In this case as landlord is SLA, it would had been wiser if they had gone for a re-tender for better transparency and accountability since taxpayers funds are involved.
Behind the scenes, these two millionaire ministers have become a liability because of their lapse of good judgement.
And they know it.
The real question is why are LW, CCS, HSK, OYK and the younger ministers so quiet sitting on the kiddie table ?
Thats because big daddy SM Teo is doing all the answering.........
@@evolution8662
So true... and they want the Singaporeans to have confidence on the kiddies table.
Ka-ki-nang..haha
@@richardtan4179
All come from the same breed.
Should not have gotten into this mess. It is either bad judgement, or there ought to be a better way of doing it, given how much we priced our intelligence.
Would someone else get the same rent and treatment? ...
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The ministerial statements did not conclusively determine KS and VB innocence. Instead, it had brought up more questions in the minds of the public and even surfaced incriminating evidence to their crimes. In KS's speech, he affirmed that CPIB only " look through" his phone and did not find any relevant information because he had his phone set to "delete messages". This might have shown KS's intent to obstruct justice by destroying key evidence to all his alleged crimes. I am urging PM Lee to reopen the criminal investigation into KS and VB citing the new revelation. CPIB must raid KS and VB to detain and use digital forensic technologies to retrieve all deleted files as soon as possible before all data are lost permanently. If the two ministers are found to have committed crimes, they must be trialed and punished with the full force of the law. If PM Lee refuses to reopen the criminal investigation, then the public must conclude that the PAP in no longer incorruptible. This will mean devastating consequences for the PAP in the upcoming general election.
They forgot they are heads of civil servants... ... ...
If Lee Kuan Yew be around, and is still PM, these two will be axed.
That'd be high degree of integrity.
All these brainless talks... ... ... Sigh~
Loong wants such mess to go on, or he still thinks he or the next PM can handle? Hahahahahahaha... ...
Come on~
CPIB already investigated and found no wrongdoing. And u wanted our PM to misuse his power to reopen the case because you are not happy with CPIB investigation reports. My advice to you is you file a police report and let the police investigate your so called “criminal case”
All those Opposition politicians and supporters who are pointing finger are the real concern. If they come into power, your private property will be subject to confiscation at their whim and fancy and false allegations, eh.
Can u share with us who did he sent the messages to? Even he deleted all messages in his phone, he cannot and has no way to delete all messages in other people’s phones he has send to. How I know? I tried very hard to delete my messages to my wife in my wife’s phone
They have multiple hp.
LMW best performance so far in his career: the ridout backlash
Property guru show GCB rental is averaging sgd65k to 95k per month
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At the end of day come GE, singaporeans shall vote in law minister and foreign minister moving forward or not , we all shall see the perception anf feelings
Precisely SM teo! Who is going to believe that our PM will not get any privileges in whatever he does in Singapore alone?? Because he is the PM!
$1mil tax payer monies spent on the BW bungalows before the tenants move in?????? Sure? Wow…😮
Vivian Case
Mr Singh considered Mr Balakrishnan’s lease less contentious. As the SLA doesn’t fall under his ministerial portfolio, Mr Singh suggested it was highly unlikely for his duties to overlap with the SLA’s functions and responsibilities.
Mr Singh went on to assert that there was no evidence that could “arouse suspicion” under clause 3.1(b) of the Code that the minister used special knowledge acquired in his role to benefit himself. “There is no evidence presently available of this, and it would be impermissible to come to this conclusion,” he declared, concluding that the lease at 31 Ridout Road didn’t appear to violate the Code.
However, Mr Singh urged the government to clarify whether it intends to maintain the Code’s strict prohibitions.
He stated, “If the current strictures in the Code are being loosened, the government should explain why strict standards which have been in place for decades are being adjusted.”
WP performance is seriously cannot make it. He should ask the law minister to resign. They are so many GCB to rent why must the law minister die die want to rent from own ministry.
@@1965Singaporeanis PS afraid of the TC case he is involved?
@@LonganLee maybe hor. WP is seriously PAP lite. Iike that vote PAP better, at least can ask for traffic fine and point waiver. Lol.
WP is a respectable party and need not be a party to those with their own hidden agenda who should stand up themselves and be counted.
😊❤
@@ravipravip2180 u must be a licking dog og WP. Look at their performance on ridout you already know, next time they will sure love conflict of interest and maybe corruption.
20k in rent is for the rent. Cannot say the 20k rent is sufficient to cover the extra costs spent , recovered over the lease years. Yes, there is income but then if only use the rent to cover the repairs, the income of rent is gone to cover the repairs so where is the rent income thats supposed to be earned?
Not everything is profitable, but there are cost benefits analysis, beats leaving it vacant? As a landlord, sometimes u have to replace something at a loss to make it livable for thr tenant
@@logicrule
Not in Singapore
@@SK-lt1so how so?
@@logicrule
Every transaction I've ever seen in Singapore is "take it or leave it".
@@SK-lt1so how many transactions have u seen to conclude for the entire sg?
It’s very conflicted situation indeed. No matter how it’s said and painted. It’s still odd conflicted situations.
Of course, don't make a storm in a teacup
@@baniabdullahwong3206
Singaporeans must wake up ! VTO PAP , the only solution ! Talk is useless !
I thought TCH was tasked to do investigation, how come he appears like a defend lawyer instead 😂.
Because snake sham sought his clearance and dragged him into it. Really Teo Chee Hean - how can you even fairly review it as you are the one who gave the go ahead for Snake sham to rent.
It's the norm to puppies, indian can become maley
Must defend lah or else the whole PAP's system will collapse like a pack of cards.
There are no VIP treatments on paper. Simple example, if they need to see a specialist in a government hospital, do you think they need to wait 3-6 months like all the peasants? When certain names appear, the people will know what to do to keep their bosses happy and protect their own rice bowl.
Yawnz tell me which country dun pratice what u r saying dun be naive and dun pick on these kind of things to overturn government be diligent and find what the givernment is actually doing ifnpolicy are harmful and no improvement then raise it up dun always find these kind of fault which really wont make a difference coz this will also continue is the same what when in army whenever there afe high ranking officer coming will always do extra things to make it orwsentable
@@michaelling6352 Exactly. This is how the world works. He is the one declaring with a straight face that everyone is treated equally.
Well, let me illustrate to you another perspective on this. So these individuals are the people governing our nation and making the big decisions for our country's future and what-not. If they were somewhat ill and if that might impair their abilities to work in their hired capacities, would you not want them treated ASAP? Or would you rather they quit and a new hire be found? If they were only a rank and file employee in roles that readily have many capable candidates, sure. But do you think it would be easy to find a replacement of a similar qualification, capability and experience in a short period of time? I would put it to you that in the amount of time needed to find such a replacement, the incumbent would have already seen the medical specialist, started on their treatment, and back in their jobs, versus the new hire who would still be finding his feet in his new job, provided you can actually find someone in that short span of time. So priority for members of the govt, sure I can accept that. But where I would draw the line is excessive "discounts" for products and services etc. Like some minister's rumoured $8 heart surgery.
I not saying too clearly, one guy took photo, the authorities issued letter and hand delivered to door very fast. Cannot say too much. Not sure why
Why would they need to see public subsidised medical services? U all would be jumping and crying lo.😅😅😅😅😅😅😅
Actually the question is quite simple - if I want to rent the same place today and submit a bit slightly higher, can I win?
If yes then I have no issues with it.
Why not?
The answer is yes. Unless the house is not vacant.
@@oyu7505 that means I can also rent the place at a similar price - i.e. they are just doing something that any Singaporean who can afford it can do
🤣🤣🤣 Again no subsidized for you hor. What do you think"😅😅😅
I believe in the integrity of our government, in both cases there was NOT conflict of interest, I don’t understand what Mr Leong MW is asking, his lack of information in display is just mind blowing.
If you are going to the Parliament not doing your job and not getting fact … you are just warming up a seat.
sm TEO IS NOT ELOQUENT NOR HAD HIS POINTS!!
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Next door enbloc the Holland Tower everyday gawking at a landplot that is 12 times the size of their condo land. His rented GCB the space make other GCB people jealous, that is how big it is. 23,000sqm, you from the main road cannot see the house.
Mr Leong Mun Wai. Don't waste your time in parliment. We want an oppositon to do somethings better for Singaporean life. Why waste time debating just because the Ministers wanted to rent a house. This is the Minister's private affairs. Leong Mun Wau must tell the PAP govt and show them how you can do better to improve the life for Singaporean. This is more important...
Rental got no land cost but we lessee pay for land cost for HDB flats? What do you think?🤣🤣🤣🤣
Their 'fair' assessment is already very 'well known'.
Market rate by SLA... ... Hehehehehe~
Sorry, as a member of public, hence my public opinion... ... this is my public opinion. Hahahahahahahahahahaha... ...
Hahahahahahahahahahahahahahaha... ...
But we got grant when buying flats right ?
@@bobafett5757 Grants?
I sell you chicken wings now $1000 a piece, and offer a grant of $500, then I tell you I offer $50 more to be $550 for grants... ...
How about that?
This lease thing... ... ...
You know this is a lease, right? Hehehehehehehe~
And you know flats are for who, right?
Rich people can buy bungalows... ... now every citizen must be millionaires soon to afford flats... ... leases. Hahahahahahahahahahahaha... ...
Hahahahahahahahahahahaha... ...
Grants?
Who needs grants when you can offer reasonable priced accomodations?
So we need grants for BW flats too? And subsidy for Singaporeans? HDB lift failing, HDB should not fix it or repaint the old buildings
@@logicrule Regarding fixing old buildings... ...
Have people actually look at the quotations, or taxpayers' money to the 'chosen' contractors? Hehehehehe~
Have fun.
well said sir mr Leong catch them all cant answer or not answering his questions haa.. jit pai cham liao..
You never ask how many private property Leong has? pap ministers RENTING only lah, goondu. They doing more national service by giving their high pay back to govt. You leh? How much income tax and property tax you pay?
This is not a chalet booking from public, spent 500K to reinstate as per SM Teo mentioned, if my HDB could rent for 3K, will I spent 60K to renovate it? Think about it, no one is stupid, if there’s any potential conflict of interest, i rather don’t touch it!
Every potential tenant will be treated equally BUT ……. some people , as we all know, are “MORE EQUAL” than others.
PM Lee tasked SM TCH to do the investigation. By the end of the day, SM TCH just read out the CPIB investigation. Never stated his own finding. In the parliament, LHL should read out the CPIB and TCH should read out his.
lol
Lol
I think tch don't look into the ride out case whole heartedly,wait for one report is saved
It seems like a rojak or chap chai investigation amongst the CPIB, SM, PM, MNSTRS, etc., which Singaporeans perceive it as being inconclusive.
Leong in parliment said Vivian initial tenancy 22% discount is base on built up n not land! Average rent that time is 29.6 psf built up n 31 ridout road is 23.05 psf base on built up!It is so serious because the leong said vivian initial tenancy 22% discount is base on built up n not land! Average rent that time is 29.6 psf built up n 31 ridout road is 23.05 psf base on built up!
i am a single who have served 20 years meritorious service in public service but can only buy 2 room bto in a far flung place...can singles buy new 5 room too if we have money
So concidence both rent side by side.. 😊
Of corse
SLA will obviously say no VVIP track.
What leong mun wai says is that ministers should not end up transacting with government to avoid conflict of interest. Totally impossible. Must as well outsource our politicians to another country, and these politicians barred from buying anything in singapore. Zero conflict of interest then.
you are such a clown honestly...... only impossible in SG.
You mistaken. I interpreted what LMW said as for this specific case only, where the Tennant is the Chief of the SLA which is the entity leasing to the Chief of SLA.
@@LonganLeei know what leong said in his ramble, but what he is suggesting is that ministers can’t transact with government that they control. As sm said, what about PM? Even with cpib findings, Leong is still trying to throw shades, cast doubt.
@@DanC-vv7cl good. Hope all MPs do what they do
Paying them million salary and renting so cheap,,,,,that is really somebody,,,,if not those billions business company can take over all this cheap and special renting,,,,,why stay in those hotel ,,,,really somebody very special....
You just said the truth, that the PM does have power over everything :).
No one dared to ask who did the renovations. LOL
Why no one asking
@@bjkaur3908 HIS SON HANDLE THE RENOVATION LOR
Livspace right?
What to do, Rose grow in wild bushes, who can see it grows
SM Teo is trying to bullsht all the way by saying it is a "perceived conflict of interest"
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Gan Swee Leong, a seasoned public policy educator and a former political columnist for The Straits Times, has put forward some critical arguments.
has also held a senior position in the government’s policy formulation department, underscored the potential for a perceived conflict of interest because the government’s landlord, the Singapore Land Authority (SLA), reports to the Ministry of Law.
He argued that there is arguably a breach of the Minister’s Code of Conduct, which demands that Ministers avoid any actual or apparent conflict of interest.
He stated that mainstream media reported the Minister’s request to the SLA for “a list of properties available to the public for rent, AND THEN VISITED some of these (highlighted) properties” without any official reason, suggesting this could be viewed as a personal request and a potential abuse of power.
Mr Teo - they rented at mkt rates. Question : why was floor area and not land area used for the landed properties calculation of rent amount as in all fenced up landed properties in Singapore?
So the corollary is - did they got the land FOC?
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BMW is high gear .I am impressed. Very smooth now
Basically why can’t you put in place a law that all ministers are not allowed to rent out any properties. I mean eventually you can’t blame Singaporeans to think negatively. Look at what is happening now. Is it worth the effort and time? When I am sure there is much more important thing to attend to.
Minister is struggling, it is unbearable to watch him suffer
Which minister??
He is must be very close to your heart, his coming holiday you can have wonderful place that so BIG......good that your are his real friend. Million salary paying so little for that place....
Whether any place so big are put for rental.....can you ask him.....thank alot
Suffer?
Really not sure why is 26k a month for a gcb equivalent house is consider market rate. Just do a search and the rental rate for half the size gcb is around 65k.
Hope our minister can provide more data to back this up.
Why would a minister rent another bungalow when they already owns one ? Tax n expense write off? In Canada, elected officials came from all over the Provinces n rent a house or condo in Ottawa n they claim allowable rental expenses
We need to rethink our conservative policy. It doesn't benefit anyone to fork out huge sums regularly to preserve ancient buildings .
Way to go Mr Leong, thank you for defying all odds, mockery and persecution to be the voice for some of us. I salute you, Sir.
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SM Teo is trying very hard to defend the indefensible.
Poor guy ! Poor us !
The question should be if an ordinary citizen were to rent these bungalows will the government do the same to spend 1 million to ensure these bungalows are so called livable???? Why no MPs ask this simple questions and that will shed more light into this matter that there isnt a standard for Ministers and another standard for the common joe......
They will never be offered to ordinary Singaporeans even if they were left hanging vacant.
No need worry too much abt Perceived Conflict of interest if confident of securing Majority support
rather be 3rd world & be happy rather then 1st world & be unequitable & unhappy
The DPM relies on the general principle that ministers should act in a honourable manner.
Saying Relatively cheaper bungalow is not saying the b&w is Cheap Bungalow. LMW should have corrected that guy
OPTICS, my dear Ministers
As you all can see, Singapura Presidente MUST NOT CHECK on the gurment😅. I am confident the Majority Agrees with 4 limbs
Watching this out of curiosity after watching the Daily Ketchup podcast. However, I can't help noticing Mr Maliki Osman on the left screen. He looks unwell. Maybe he just very tired. I hope he is alright.
The potential risk of conflict of interest could be very real despite the DPM being unable to perceive it.
clearly these 2 ministers do not understand property, construction and procurement. it is not a good look
On what basis mr teo is basing on the rights or wrongs in this issue,mr shamugan say he will defend himself right?And repeating the procedures doesn't mean there is no fault in this situation
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But i do wonder after this episode will any more ministers rent B&W bungalows............
Without Opposition in Parliament, will the People benefit?
"Follow (all) the money", including what they get for renting out their GCB.
Great issue to bite on, most people will simply ignore the differences between renting vs leasing/owning, and come up with all sorts of math to compare between the 2 based on $ per PSF, which is lol.
Renting is straight up burning money, you can't ever get it back, while in a relatively stable property market here, buying a property (even though you technically do not own it for life) allows you sell it later on, most likely for a profit too.
These 2 ministers fronting parts of the repair, and paying rent for these obviously very hard to rent out state owned properties (who the hell wants to live with wild poisonous snakes around) can easily be seen as putting money back into the government's coffers for other uses, seems quite a good thing.
the state should have done more to make it inhabitable instead of leaving it vacant on the market for 5 years which is a waste of our land.
in fact all bw properties are too big and inefficient use of land. they should all be demolished. we have lack of land already as it is . want to live in big plots of land with big houses buy a retirement home in New Zealand or something -.-
doesn't make sense to put lease/own in the same phrase. completely different things. hdb is effectively a 99 year rental agreement paid in lump sum not monthly that's all , don't see the difference.
@@taeyeonist1462 agree, not clear why we need to keep these B&W existing rather than using the land more productively.
here's how i see rent v lease v own:
rent = never getting back your money
lease = some industries commonly work off lease to own schemes, buy over later and own, so thats i think where i was coming from
own = ultimately hdb is marketed as own due to the long span which isn't accurate, but the reality is it is something you can sell back for money, it belongs in this category, because most would buy and sell multiple times in their lifetime
@@swellgr1 disagree. lease means the ownership lies with the state. if the government so chooses, it has the power to kick people out of their hdbs and rebuild it into something else. land acquisition act or whatever. it’s just that they use a special purpose agreement with an extra clause that allows you sell it in the market for leaseholds with conditions attached. hdb can decided to change the rules and ban sales tmr, but it won’t, doesn’t mean you own the property. i’m not saying we should be allowed to own hdbs, we do lack land. but call a spade a spade. long term leases != ownership.
sure, but the reality is most everyone gets to sell their HDB to recoup their past payments as of now and in the near future, renting is a 100% dead end you ain’t getting your money back.
so who cares if these MPs are renting and burning their money on property that basically no one wants to rent? there’s no profit for the MP, but there is profit for the state.
@@swellgr1 that's just based on currently available information. the fact is there is very little precedent for what happens when a 99 years lease ends. and the public housing property market is getting way out of hands. you'd be able to sell a 10 year old bto sure what about those 80 year old flats?
it does not change the underlying reality that a lease is not as good as ownership. fully owned properties go up in value over time. hdb housing depreciates over time. it may not depreciate at 10 years old but try 80 years
we need data to be published, not words
Action speech louder than words.
Ya lah, words can twist & turn, so how to settle hahh
I miss Mr. Lee KY very much nowadays.
The Great Asia has been calling them PAP fat cats for over two decades.
I'm not surprised to see them living like our ex-colonial masters.
The Great Asia has also been calling PAP the medieval church.
So can someone please tell PAP priests the population density is around 10,000 per sqkm for majority of Singaporeans.
Ha ha ha!
Erm you are correct about our crazy population density. It average out at about 7.6k per sqkm.
But the reality is....
Choa Chu Kang, Resident Population=189000, Geographical Size (km²)=6.12, Population Density (km²)=31000
Sengkang, Resident Population=252730, Geographical Size (km²)=10.6, Population Density (km²)=23800
Punggol, Resident Population=185810, Geographical Size (km²)=9.23, Population Density (km²)=20100
Woodlands, Resident Population=252190, Geographical Size (km²)=13.57, Population Density (km²)=18600
Jurong West, Resident Population=258240, Geographical Size (km²)=14.68, Population Density (km²)=17600
@@gnaleinad Yeah, the toilets in your BTO flats are fitted with water saving features. This is to allow PAP fat cats to swim in private pools and play in bathtubs.
Ha ha ha!
Really the PAP really needs to be voted the f out
So if Opposition can solve all your problems, why those in Hougang and Aljunied still complaining and unhappy after 15 years now? WP been in power in Hougang so long but still nothing better delivered. Are you working or still in school?
@@scbchong6964 Leong is from RI
public are getting more smarter.... take care my civil servant .
Just look at what political issues are debated in other countries and Singapore. Don't we have better things to do?
Leong，加油。。
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Public have to be hypocrite in most situation 😂😂
Very compflickating topic.
Ridout is one kacang puteh issue that is of no material interest and inconsequential to the public at large! It also has no bearing on the integrity of the government nor Shamugam & Vivian! If at all, both ministers should be commended for their low profile, down to earth, unassuming, free, and easy orientations, and paying exorbitant rents which are way above market rate for, OMG, such skeletar brick and mortar over exaggerated house, just to live with 12ft, 16ft, and 18ft pythons, king cobra, 5 ft monitor lizard and monkeys! There are plenty such houses near sembawang at queens Ave ( stayed there 11 years ), kings ave, etc which were vacant for umpteen years!! Singaporeans should thank them for generously contributing to Singapore treasury!
Misinfo & disinfo, and witch hunting will not turn you from zero to hero! BUT, if you can come out with a proposal & justification addressing the kacang puteh COL and seniors special bonus payout, and if you could convince the government, you will be hero! SO PLEASE TALK KACANG PUTEH OF A DIFFERENT KIND RELEVANT TO THE PUBLIC AT LARGE!
BTW, mr. Leong have you ever stayed in a black white house? I stayed for 35years from seletar to sembawang to changi!
you very close to pm, can help me ask him still have $0.11 psf base on land, landed house to rent? i cant find this on sla website, they are 1-2 psf base on land
"Anyone Has Land In Ridout Road To Rent At $0.11psf?For Planting Durian Trees-Mao Shan Wang".
$26,500 per month for 249,335 sqft with swimming pool and "Class"? About 11 cents/psf/mth.
I want to laugh.
Got so good lobang, everyone will chop. Can be vacant so long. Wait ku ku Even shopping center need to renovate otherwise ghost town.
Roti prata flip and flip and flip.... Nobody flips better than the traditional prata men
Own self check own self.
Chee Hean didn't hit the integrity issue.
Well, if so... ... same for the reserves, just take out lah... ... Oh, bitcoin seeming making HUGE returns, best take out with someone in position thinking like that and just get BIG returns... ...
General rule... ... Ministers vs SLA handling state assets... ... if Ministers can do that to that assets, such an example is from top to bottom to other state assets... ...
This is not right. And very bad example.
As if I am the CEO, I go to accounts department let them value a golden tap at $1 or something else, and shareholders found out, I say, why not... ... why let the golden tap rust or decay and left there since no one bought it... ... why not I use it, better for the company, at least you got $1 or $1000 and the tap can be utilized... ...
Chee Hean... ... in my view, Chee Hean should be way smarter.
It is not about cheap or not. Come on... ...
When are the Opp going to stop this nagging of Ridout Road issue and focus on the lives of Singaporeans in stead or personal arguments over personal matters that brings us to nowhere! Is that all the Opp can do? We expect our Opp to be able to contribute positively instead of just catfighting in parliament
Not in a state of mind,the talk is not flow smoothly like a stream
So big the house wonder how many babies the family can make
Perhaps the ministerial pay are too high that they are willing to pay that kind of rental.
It is actually not high at all for that size. Even my 2 bedroom condo in Katong can get 6K rent
This proves that the monthly salary of each senior minister and minister of state, is so affordable to pay for such hefty and high rent extravagantly for a house he or she desires to reside in it….renting for S$26,000 or S$20,000 per month is actually a normal junior worker’s annual salary package !😮
@@garrytan9521 even hdb these days are 5 to 6K in prime areas. The rent is pretty low for the size and location because conservation houses come with limitations. A 2 bedroom condo in Orchard is over 7K now. Not high at all.
I pay $1 more to rent…..😂
Technically speaking, more is more. Higher is higher😅
My perception is they are not the same PAP anymore.
Time to Re-think and See you in 2025.
You are absolutely right.
Precisely it may change
they said they are their own checks, even the EP cannot be independent and check on them. LOL
MORE THEY EXPLAIN MORE PUBLIC FEEL DISTRUST, BETTER OWN UP ADMIT APOLOGISE.