Media response
Response to media queries regarding Kenneth Jeyaretnam’s social media posts on the rental of No. 26 and 31 Ridout Road
12 May 2023
The rentals of SLA properties at No 26 and No 31 Ridout Road were performed in full compliance with the relevant SLA procedures.
2 26 Ridout Road had been vacant for more than 4 years since December 2013 before it was tenanted to Mr K Shanmugam in June 2018. Mr Shanmugam was the only bidder for this property. His offer, made through an agent, was higher than the Guide Rent, which was not disclosed to him. Mr Shanmugam notified a senior Cabinet colleague that he was making a bid for the property. Mr Shanmugam renewed the tenancy for this property in June 2021 for another 3 years.
3 31 Ridout Road had been vacant for more than 6 years since July 2013 before it was tenanted to Dr Vivian Balakrishnan. Dr Vivian put in a bid in November 2018 that was above the Guide Rent, which was not disclosed to him. He was the highest bidder. Tenancy was granted with effect from Oct 2019. Dr Vivian renewed his tenancy in Oct 2022.
4 More details on this issue will be provided during the next Parliamentary session in July 2023.
Issued by:
Singapore Land Authority
12 May 2023