SINGAPORE — A new standard declaration requirement will be introduced for selected groups of public officers who have access to or are involved in, the leasing and valuation matters of various commercial and residential state properties, said Senior Minister Teo Chee Hean in Parliament on Monday (July 3).
Mr Teo, who said this during his ministerial statement on the rental of state properties at Ridout Road by Law and Home Affairs Minister K Shanmugam and Foreign Affairs Minister Vivian Balakrishnan, said the Public Service Division will work with relevant ministries and statutory boards including the Housing Development Board, National Environment AgencyOfficers who have access to privileged information and can influence the outcome of decisions related to such properties will have to make this...
Mr Teo had been tasked by Prime Minister Lee Hsien Loong earlier in May to review and establish if proper processes had been followed by agencies and ministries in the rental of these properties, and if there had been any wrongdoing.on June 28, Mr Teo found that both Mr Shanmugam and Dr Balakrishnan conducted themselves properly in rental transactions and took appropriate steps to avoid any conflict of interest.
The review established that the rental rates paid by both Ministers were at fair market value, he said. However, the rental of S$23.05 per sqm per month was comparable to other properties of “average” condition at that time, he said. However, the Corrupt Practices Investigation Bureau , which conducted a separate investigation on potential corruption, discovered that there was a lack of precision in the Singapore Land Authority's use of the term “Guide Rent” for No 26 Ridout Road.
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