Law and Home Affairs Minister K. Shanmugam told Parliament that he had rented the bungalow at 26 Ridout Road after making the decision to sell his previous family home in 2018.
SINGAPORE —
"I am, in essence, using my previous lawyer's income to pay for the rental for 26 Ridout Road," he said. "I pay for the rental of 26 Ridout Road, mostly from renting out my family home. But taking into account property tax, because the family home is now non-owner-occupied, and two, income tax on the rental proceeds, there is a net deficit. I top up the deficit."
Furthermore, Shanmugam clarified that his choice to sell his family home did not stem from regret or financial necessity, stating, "It is a privilege to be in public service. And if I am asked, I will make the same choice again."Regarding the expenses incurred for the property, Shanmugam disclosed that extensive renovation work was needed, and he estimated spending over $500,000 on improvements.
Minister Shanmugam defends himself and his son against false allegations, questioning the credibility of the claims and emphasising the thorough investigation conducted by the Corrupt Practices Investigation Bureau . Shanmugam also vehemently refuted online allegations suggesting that a company led by his son had received preferential treatment in being awarded a contract for renovation works at his Ridout Road rental property. He condemned these claims as "utterly false and defamatory.
Second Minister for Law Edwin Tong categorically dismissed the accusations, labelling them as "completely scurrilous and unwarranted."
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