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Ridout Road rentals: Difference between revisions
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The properties, located at 26 and 31 Ridout Road, were rented following processes managed by the '''Singapore Land Authority (SLA)''', which oversees government-owned properties. | The properties, located at 26 and 31 Ridout Road, were rented following processes managed by the '''Singapore Land Authority (SLA)''', which oversees government-owned properties. | ||
The investigation, launched by the '''Corrupt Practices Investigation Bureau (CPIB)''' under the direction of Prime Minister '''Lee Hsien Loong''', aimed to determine if there was any abuse of power or conflict of interest. | The investigation<ref>https://www.pmo.gov.sg/-/media/PMO/PDF/20230628-Ridout-Road-Report-pdf.ashx</ref>, launched by the '''Corrupt Practices Investigation Bureau (CPIB)''' under the direction of Prime Minister '''Lee Hsien Loong''', aimed to determine if there was any abuse of power or conflict of interest. | ||
An independent review, led by Senior Minister '''Teo Chee Hean''', was also conducted. Both the CPIB and Teo concluded that there was no evidence of wrongdoing or undue benefit. | An independent review, led by Senior Minister '''Teo Chee Hean''', was also conducted. Both the CPIB and Teo concluded that there was no evidence of wrongdoing or undue benefit. | ||
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* Vacant since December 2013. | * Vacant since December 2013. | ||
* Prevailing Guide Rent is at S$26,500. | * Prevailing Guide Rent is at S$26,500. | ||
* Tenancy agreement signed by Mrs Shanmugam. | |||
* The property was rented in June 2018 for S$26,500 per month, with the lease renewed in 2021 at the same rate. The lease was renewed again in 2024, but the revised rental amount is unknown. | * The property was rented in June 2018 for S$26,500 per month, with the lease renewed in 2021 at the same rate. The lease was renewed again in 2024, but the revised rental amount is unknown. | ||
* Shanmugam paid over '''S$400,000''' for renovations, including '''S$61,400''' for a car porch. | * Shanmugam paid over '''S$400,000''' for renovations, including '''S$61,400''' for a car porch. | ||
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* The clearance cost of '''S$172,000''' was initially paid by the SLA but recovered through Shanmugam’s rent. Shanmugam also allegedly said to borne the maintenance of the adjacent land at the cost of approximately '''S$25,000'''. | * The clearance cost of '''S$172,000''' was initially paid by the SLA but recovered through Shanmugam’s rent. Shanmugam also allegedly said to borne the maintenance of the adjacent land at the cost of approximately '''S$25,000'''. | ||
[[File:Satellite 26 Ridout Road 2018.png|center|thumb|Satellite of 26 Ridout Road in 2018 before Shanmugam rented the place]] | |||
[[File:Satellite 26 Ridout Road.png|center|thumb|Construction of a large swimming pool and car porch, as well as the cutting down of large swathes of trees. (Google Earth satellite in September 2019)]] | [[File:Satellite 26 Ridout Road.png|center|thumb|Construction of a large swimming pool and car porch, as well as the cutting down of large swathes of trees. (Google Earth satellite in September 2019)]] | ||
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* Prevailing Guide Rent, which was $18,800 | * Prevailing Guide Rent, which was $18,800 | ||
* The SLA incurred '''S$570,500''' for essential repairs. | * The SLA incurred '''S$570,500''' for essential repairs. | ||
* Tenancy agreement signed by Mrs Balakrishnan. | |||
* Rented in '''October 2019''' for '''S$19,000 per month''', revised to '''S$20,000''' in 2022 upon lease renewal. | * Rented in '''October 2019''' for '''S$19,000 per month''', revised to '''S$20,000''' in 2022 upon lease renewal. | ||
* Balakrishnan spent over '''S$200,000''' on renovations. | * Balakrishnan spent over '''S$200,000''' on renovations. | ||