In his speech to Parliament, Shanmugam shared that he reviewed his finances in 2016 as he was approaching his sixties. READ:
Law and Home Affairs Minister K Shanmugam rented a state property at Ridout Road after deciding to put his Good Class Bungalow family home up for sale, Parliament heard on Monday .
“I was advised that it would be wiser not to have most of your savings in one asset. So I decided to put [it] for sale.”“I also do not regret having forgone my previous earnings as a Senior Counsel. It’s a privilege to be in public service.‘I liked black-and-white bungalows’: Shanmugam The minister added that he initially offered $25,000 after his agent advised that it would be “fair”.‘Net deficit’ when paying for 26 Ridout Road rent
“I am in essence, using my previous lawyer’s income to pay for the rental of 26 Ridout Road,” Shanmugam said.Adding that he spent more than $500,000 of his own money on improvements to the black-and-white house, Shanmugam shared that he “knew that he would not benefit from them” once the lease was over.Shanmugam ‘happy’ to give up additional land
The minister said that his concerns “are not theoretical”, highlighting a past incident where a woman died after a tree – previously inspected and assessed to be healthy – fell on her at the Botanic Gardens in 2017.
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Shanmugam refutes claim that he fled community event due to Ridout Road questions - Singapore NewsMr Shanmugam said he had to attend four events in Chong Pang.
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Ridout Road parliamentary debate: Shanmugam, Balakrishnan explain why they rented bungalows, undertook major renovation worksSINGAPORE — Law and Home Affairs Minister K Shanmugam had decided to rent the black-and-white bungalow at 26 Ridout Road as he was putting his family home up for sale, he told Parliament on Monday (July 3), adding that he was not making money from the arrangement.
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Watch live: Parliament debate on ministers' rental of Ridout Road bungalowsParliamentary questions have been filed on the two state properties rented by Foreign Affairs Minister Vivian Balakrishnan and Law and Home Affairs Minister K Shanmugam.
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Live: Ridout Road bungalows parliamentary debate — speeches by MinistersIn Parliament today (July 3), the black and white bungalows at Ridout Road take the spotlight as four ministers deliver speeches on this topic.
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Ridout Road bungalows case an example for public officers to act with integrity, says SM Teo Chee HeanThe Ridout Road bungalow case will be used by the Public Service as an 'additional example' to reinforce the importance for public officers to act with integrity, said Senior Minister Teo Chee Hean in Parliament on Monday (July 3). Teo was giving a ministerial statement regarding the two state properties at Ridout Road rented by Minister K Shanmugam and Minister...
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