SINGAPORE — The two Cabinet ministers who were tenants of properties at Ridout Road conducted themselves properly in rental transactions and took appropriate steps to avoid any conflict of interest, Senior Minister Teo Chee Hean said in a report to the Prime Minister released on Wednesday (June 28) ahead of
In early May, questions arose over the black-and-white colonial bungalows at 26 and 31 Ridout Road of which
Prime Minister Lee Hsien Loong directed the Corrupt Practices Investigation Bureau to investigate any potential corruption or criminal wrongdoing.in order to address wider potential process or policy issues. Minister Shanmugam had thus recognised the potential conflict of interest, duly declared it to Senior Minister Teo, and taken effective steps to eliminate this potential conflict and to prevent any actual conflict from arising.
The review further compared the rentals paid for No 26 Ridout Road and No 31 Ridout Road with other properties in the area at the material time of 2018/2019 and confirmed that the rentals paid were in line with these other properties.""The review established that the tenancy terms and renewal of both properties were in accordance with the general policies guiding tenancy, and renewal of tenancies for residential properties managed by SLA.
In the case of No 26 Ridout Road, SLA granted a tenancy of 3+3+3 years because Mrs Shanmugam had committed to undertake improvement works at a cost in excess of S$400,000. In the case of No 31 Ridout Road, SLA had granted a tenancy of 3+2+2 upfront as Mrs Balakrishnan had committed to undertake improvement works totalling over S$200,000. At the first renewal, Mrs Balakrishnan requested for and SLA agreed to an extension of 3+2 years.
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