The Singapore Land Authority says the rentals of No 26 and No 31 Ridout Road were 'performed in full compliance with relevant' procedures.
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 on Friday .
Citing the prime location of the area and his assumed size of the properties, he said: "It is difficult to see how could afford to pay the market rent for such a pricey property." It also said that Mr Shanmugam was the only bidder and his offer, made through an agent, was higher than the guide rent - which was not disclosed to him.
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