RIDOUT ROAD Qualities Lease
Additionally, Mr. Tong described SLA’s policy goals, the procedure for renting out the black-and-white houses, and whether the two ministers’ leases of 26 and 31 Ridout Road deviated from the norm.
First 1900s cottages at 26 and 31 Ridout Road were gazetted as preservation properties in 1992. This rank imposes commitments on the property owner, such as paying attention to the properties’ essential components.
A” judicious balance”& nbsp, according to Mr. Tong, is required between protecting heritage properties and completely redeveloping them. Some houses in black and white have been transformed, such as 5 Gallop Road into the Forest Discovery Centre at the” Gallop Extension” of the Singapore Botanic Gardens.
He claimed that removing black and white people from an area that is zoned for landed components, such as Ridout Road or Nassim Road, or redeveloping them and the area around them would certainly significantly alter the area.
” The cleared area is just then be used for lower power development in a similar manner.” Different uses for the page, including commercial and social functions, would not be possible, he added.
Therefore, learn planning considerations, taking into account each property’s unique circumstances such as history price, place and potential uses, and being vulnerable to the surrounding area, he said, are what drive development plans for black and white bungalows.
Mr. Tong reiterated the conclusions of the CPIB analysis and Mr Teo’s review as he turned to the rental method for 26 and 31 Ridout Road.
” SLA could have entered into those transactions on any reasonable, commercial basis ,” according to the statement. Both leases had common terms that didn’t include any strange clauses. They were completely at arm’s length and followed standard procedures, he claimed.
The same managing agent oversaw both properties: Colliers International Consultancy & amp, Valuation from April 1, 2018, as well as DTZ Facilities, Engineering, up until March 31, 2018.
Only 31 Ridout Road was listed on the State Property Information Online ( SPIO ) portal because SLA and the managing agents had the discretion to choose how to market the properties.
SLA mandated that all domestic state properties that were available for rent be listed on SPIO in August 2022 as the market recovered.
After the house had been unoccupied for more than four decades, Mr. Shanmugam’s wife signed the contract in June 2018. With a tenancy of 3 3 3, the monthly rent was S$ 26, 500 ( US$ 19, 590 ).
After being unoccupied for more than six decades, Dr. Balakrishnan’s woman signed the contract for 31 Ridout Road in October 2019. The monthly fee was Southward$ 19, 000 and had a three-plus-two-year rental.