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2023 Ridout Road rentals parliamentary review: Difference between revisions
2023 Ridout Road rentals parliamentary review (view source)
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These properties, managed by the Singapore Land Authority (SLA), had attracted public scrutiny, necessitating investigations by the Corrupt Practices Investigation Bureau (CPIB) and an independent review led by Senior Minister Teo. | These properties, managed by the Singapore Land Authority (SLA), had attracted public scrutiny, necessitating investigations by the Corrupt Practices Investigation Bureau (CPIB) and an independent review led by Senior Minister Teo. | ||
[[File:Four-ministers.webp|center|thumb|Vivian Balakrishnan, Teo Chee Hean, K Shanmugam and Edwin Tong]] | |||
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=== '''Second Minister for Law Edwin Tong''' === | === '''Second Minister for Law Edwin Tong''' === | ||
Minister Edwin Tong addressed broader questions about SLA’s policies, valuation methods, and tenant selection processes. He provided a detailed overview of SLA’s mandate and approach to managing black-and-white bungalows. | Minister Edwin Tong addressed broader questions about SLA’s policies, valuation methods, and tenant selection processes. | ||
He provided a detailed overview of SLA’s mandate and approach to managing black-and-white bungalows.<ref>https://sprs.parl.gov.sg/search/#/sprs3topic?reportid=ministerial-statement-2198</ref> | |||
'''SLA’s Policy Objectives'''<blockquote>“The SLA manages a portfolio of state properties, including heritage bungalows. Our aim is to optimise their usage while preserving their historical and architectural value. Black-and-white bungalows are a unique subset, subject to stringent conservation requirements.”</blockquote>Tong explained that these properties often required substantial investment in maintenance and repairs, making them less attractive to prospective tenants. He noted that SLA grants longer tenancies to encourage tenants to invest in improvements. | '''SLA’s Policy Objectives'''<blockquote>“The SLA manages a portfolio of state properties, including heritage bungalows. Our aim is to optimise their usage while preserving their historical and architectural value. Black-and-white bungalows are a unique subset, subject to stringent conservation requirements.”</blockquote>Tong explained that these properties often required substantial investment in maintenance and repairs, making them less attractive to prospective tenants. He noted that SLA grants longer tenancies to encourage tenants to invest in improvements. | ||