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Shanmugam, Balakrishnan bid above 'guide rent' for Ridout Road state properties: SLA

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SINGAPORE — Singapore's Law and Home Affairs Minister K Shanmugam and Foreign Affairs Minister Vivian Balakrishnan bid above the 'guide rent' for state properties along Ridout Road, said the Singapore Land Authority (SLA) on Friday (May 12).

Singapore's Law and Home Affairs Minister K Shanmugam and Foreign Affairs Minister Vivian Balakrishnan bid above the"guide rent" for state properties along Ridout Road, said the Singapore Land Authority on Friday .

In its statement, SLA said that No 26 Ridout Road had been vacant for more than four years since December 2013 before it was tenanted to Mr Shanmugam in June 2018. CNA has reached out to property experts for more information on"guide rent" and how it is determined.

 

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