Well these 2 ministers will face lots and lots of misfortune LHY father LKY is watching. Karma will strike these 2 ministers not now but in the near future.
honestly is actually quite shiok to see these people suing one another, i suggest they donate their compensation to charity during the presidential charity show.
KARMA works Both Ways … Did You not happen to Notice Not even One LKY General Bothered to Intervene to Rescue LKY’s Reckless Kids in Lee Family Circus 🎪 & Again when Sitting PM’s Sibling Sued by Subordinates? … What’s this mean?… I believe The Lee Family Political Dynasty is being put to Rest … 😊
People living in black and white bungalows built for plantation owners and colonial officials are behaving badly and using the defamation laws to silence their critics. The fate of previous residents of such bungalows is a warning to those entitled to such luxury. Without a horde of domestic servants and gardeners , such homes are not a symbol of class but rather a symbol of authority. What authority? A autocratic ruler who has the power to institute monetary penalties and impose draconian laws to curb criticism and favouritism. Capitalist attitude to the punishment anyone who has spoken or questioned the need for such punishment. What is the penalty for freedom of expression and vocation???
I wont directly respond out of fear. But what i could say is, i dont think pap has anyone more powerful than them in terms of linguistic abilities. If they are no more, l think LW can find another job. Lets see if i am right
@@LonganLeeIf Linguistics Matter , then how did Obedient Alimah Win Scandalous PE17 ? 😂… What matters is sitting PM was Helpless when Sibling was Sued by Subordinates … This KARMA at its Finest 😂🎉❤
Ive lost trust in PAP. money money n more money. Lky used to sue now karma PAP minister sue LKY son. What go around comes around. 88 million alot of money.
@@Hs5687A sovereign wealth fund to support the economy and development of infrastructure and information technology. A well connected network of supply chains and financial demands for resources and commodities.
unfortunately 60% dont think so and it is getting difficult for opposition to get support, with 23000 new citizen every year, in 2 to 3 GE to come, that is going to create a big impact.
Both not only Successfully SUED a Lee Family Member But believe is a BIG Insult to sitting PM to watch Helplessly Sibling Sued by Subordinates … This is KARMA … Not the Work of Joker or Clown 😂🎉❤
Hey folks, Ah Loong Could Only Watch His Younger Brother Being Whack By His Own Staff ' Own Cabinet Kaki Nang'... Ah Loong Forgotten Who's Ah Hsien , ' BLOOD Is Thicker Than Water.'
What has this got to do with CECA? If you can see a connection, it is a racist one. Please don't drag CECA into this. Are you also an FT? Half the people screaming CECA are themselves FTs from a neighbouring country.
VTO the Opposition WP. For 15 years now nothing better delivered in Aljunied and Hougang. Each Opposition MP earns $17k per month for "check n balance" rhetoric. Best job in SG, hor.
@@Hs5687 Got to court need to have proof. It is difficult to get because the government is not open and transparent. How to prove abuse of power? Withholding info is not a crime if there is no law that requires its disclosure. How to prove gerrymandering if the report if the EBRC is not made public? Lose in court means have to pay legal fees of winner.
@@scbchong6964 Yayaya, then prove it lah. He is a politician and we have the rights to know. If he’s clean, he has nothing to be afraid of and clear his name.
@@scbchong6964 are you one of his siblings? He is one of the MP & politicians. We have the rights to suspect and have strict monitoring. I don’t know him as he’s not even my friend. PAP can even have a F1 Brompton case. Thus, nothing is certain. We are just trying to have our Government to be as clean as possible. If trusting him as by what were published, that’s just pure naive.
@@alanloo What makes you think the person running the youtube channel and making the accusation and finger pointing is so honest and truthful? All Opposition supporters are more honest, considerate, kind, courteous and never tell lies or BS? Opposition never spew propaganda? btw I am not one of his siblings, and I also have a right to point out Opposition hate speech, lies, false accusations and misinformation. Freedom of speech runs both ways. I have a right to point out all the Opposition lies.
Innocent until proven guilty. No, wait. Since he will not be on trial forever, he will remain innocent forever. He's a lawyer himself and a bloody good one. Who in the world can bring him to trial?
"it is time" --- long overdue for the PAP government to come clean on the issue of highly inflated salaries for the PAP PM and Ministers, many PAP MPs are holding ministerial positions, being 2nd, 3rd Minister etc. The PAP Ministers have allowed themselves in being so over-paid for more than 2 decades. They are lacking in moral courage in confessing this --- and Mr. Lawrence Wong himself is no angel either.
@@qwertypoet2386Old colonial house under SLA, he was allowed to build a 25m long swimming pool for own use. Can all BW rental houses allow other tenants doing the same ? Just curious.
@@gladysloy5780 It is said that "Most black and white houses only come with basic lighting and plumbing. Residents can install air-conditioning units, water heaters, telephone lines, internet connections and swimming pools. But to protect the architectural legacies of these houses, all these new fittings must be removed when a tenant’s lease ends."
@@gladysloy5780 A British family renting such colonial bungalow and it comes swimming pool. "We were lucky there was already a swimming pool. We just had to re-line it but all the structure was there," Hay said.
The only reason KS has not suffered the same fate as SI is because he is the law and home affair minister. You won't see the inside of an investigation room no less a jail if you're their boss.
Indeed, it is in the public interest for the Minister to issue a statement and not remain silent. Transparency, integrity and openness appears to be lacking ?
Do not fret as Amy, the Creator has already confidently claimed in her Tiktok/FB comments that she will bring down the 'untouchable', being termed by u.
Fair or not fair, Amy, the Creator already said in her Tiktok/FB comments that he lied too much and have been waited patiently for his response since years ago until today or perhaps LW, now our PM can assist her.
After all the talk and singing, I am shocked to learn that the LKY's family is one of the wealthiest in SG. Now, I know that even his ministers are so wealthy.
KS's property sale led to a whopping 12.7% CAGR. If one uses CAPM to estimate a fair risk adjusted return, while taking into consideration the local factors, it should yield about 9% compound return. There is an excess of 3.7%. How does one justify this excess return? Is the market inefficient? Perhaps, criminal elements were involved leading to persistently high excess return.
Bought at less than 8 millions and sold for 88 millions...........wow 11 times higher is like striking Toto first price 80 times...........must pay tax?
How did he own a GCB ? Law certainly pays well in this authoritarian state. The freedom to penalise and the freedom to punish is the power of the state. Why they are in the business of penalties and fines. The fine print and the small prints we don’t read when we sign what we don’t understand. They will charge a fee to help you deal with the small print and the fine lines .
Solicitors are legal experts in matters of Tax avoidance and evasion. Experts in monetary penalties and expert paid counsels for defamation and fraud. Their expertise can be paid for in the purchase of a GCB . They understand the law and experts in utilising and exercising the rule of law. Are they the exception to the rule? Definitely not 😮
It is exactly nobody is perfect, we need balance of powers to watch, check and scrutinize one another. But for it to happen there cannot be 1 near-monopolistic power. It cannot be a case whether tiny david faces giant goliath. Else we are letting a single all-powerful dominant party have such absolute powers giving higher chance of abuse (eg they write their own pay checks paying each of their min millions per year, upto 17 mths bonuses, 为所欲为,..etc)
GOVT PAP all millionaires. Making money more money. All staying in freehold house. Singaporeans 99 years lease and rhen they say its ur property. What a joke. What go up must come down. Mainland chinese asking singaporean u com e from where? What a joke
@@AlphaSorceror: Saya oleh itu akan memaklumkan kepada anda bahawa saya menyedari rakyat (yang kaya) Malaysia - serta Indonesia - yang mengeksploitasi (剝削) காசிவிஸ்வநாதன் “கா [/கே]” “bandar, bukan negara” சண்முகம் sebagai batu loncatan semata-mata untuk meneruskan (akhirnya) mendapatkan penduduk status di Australia (atau Kanada). Kesedaran tentang pendidikan kebangsaan (NE) atau “pengetahuan asas” negara seseorang adalah tidak relevan & hanya “sejarah (歷史)”, iaitu sesuatu yang TERPAKSA dipelajari dalam sistem persekolahan selama beberapa tahun & kemudian BUANG sama seperti sampah secepat mungkin (“useless knowledge”). Walau bagaimanapun, perkhidmatan negara (NS) adalah penting kerana eksploitasi semua lelaki tempatan yang ditugaskan serta tertakluk kepada liabiliti pasukan simpanan sepanjang hayat tanpa mengira status sosioekonomi keluarga nuklear mereka atau berapa ramai anak lelaki yang di kandung ibu-bapa menjana “pembangunan ekonomi” & “berguna dari segi ekonomi” berbanding pendidikan kebangsaan (NE). Wanita tempatan & warga asing - terutamanya penduduk tetap (PR) yang cerdik MUNAFIK - boleh bermain “pilih-&-campur” dengan Singapura, iaitu memilih apabila Singapura adalah sebuah negara atau bandar (raya global) apabila Singapura sesuai dengan keadaan individualistik mereka & berpegang pada diri sendiri kepentingan berpusat. Sekurang-kurangnya pemegang pasport Ireland-merangkap-Kesatuan-Eropah boleh menjadikan kejahilan & buta huruf berfungsi untuk kelebihan tiga kali ganda mereka dilengkapi dengan konotasi pengganas romantis.
He sold his house last year which he bought 20 years ago so definitely the selling price is high. There are even several HDBs which are sold for 1 million plus. So nothing wrong.
With the iswaran, how many ex pap members have been incriminated in the past 60 odd years? Is it legal to call these or this a criminal? Did one committed suicide?
Congratulations!. 88 millions is certainly not at all a small sum. Wonder how i would feel having so much money, which some people might not achieved in their lifetimes, even for a normal high ranking officials in many organisations can get after minus the necessary expenses. Properly, i would smile throughout my sleep. Walk with smile in my heart. Might consider giving charities more considerations. What to do with 88 millions? Wow! 88 millions. Considering quitting my job and travel round the world, as i am not getting younger. Of course, i have to be fair to my employer, to go for a replacement. To keep working? With 88 millions and not enjoying it???????. How? It comes all of a sudden, i am confused what to do? Of course, i have to be discreet on handling this matter. No rush but with smile in my heart throughout the day. Wow!!!!88millions.
Yup,$88M is insane money. My bet, with this minister, I doubt he will gives any to charity, not even to his siblings. buying it at $8m n selling for $88M n renting a black n white already showed u what kind of person he is. Gaming the game in terms of money. He will die a very rich man , sad he can’t bring it with him but his children will “burnt” paper mansion, paper Rolls Royce ,paper millions for him to enjoy where ever he will be…😂😂😂
Can quiet then quiet if not bit around the bush...then really cannot they will reveal it and then try to charge within their means...🤭🤭🤭🤭 usual trick. But others....🤔
The issue is not the quantum of profit made. The house that he sold is what is termed a Good Class Bungalow (GCB) . The sale and purchase of such houses are controlled by the Singapore Land Authority. The SLA reports to the Law Minister. Shanmugham is the Law Minister. That is the only issue who approved the transaction? Who is the buyer? That's all. Again there are strict conditions for a buyer. It is restricted to citizens of Singapore. There are exceptions if sold to Foreigners. All that is needed is clarification from the Minister. Noboby is accusing him of anything. Everybody is getting excited for all the wrong reasons.
Ordinarily it should not. But if the transacted price is much higher than market value, it could be. Also the fact that the buyer hid behind the veil of a trust for this transaction heightens the suspicion.
"In his statement, Mr Shanmugam explained that as he approached his 60s in 2016, he reviewed his finances and realized that too much of his savings were tied up in his family home. As a result, he put the property on the market and moved into a rental home." The transfer took place in August 2023. It took around close to 9 years for him to finally sell the property, Coincidentally just 1 month after his ministerial statement in July 2023 to explain his Ridout saga, around 3 months after it was first made public by RP Secretary General in May 2023, At 11x his purchase price (which is heck of a return compared to the rest of the HDBs owned by average Singaporeans over the same holding period), To a buyer whose identity is concealed behind a trust. But I guess it is just business as usual to some. There is nothing to look at.
In other countries. ministers would have aquired the property..at least both ministers went thru proper channels to rent..the abandoned property .whats the big deal ..
In the first place, he is not obliged to disclose his personal sale of property. If you are accusing him of something improper why not make a police report and le them investigate instead of just stirriing shit and hiding behind social media on UA-cam and using AI reader? Terry Su, you don't have the balls to do that?
He can’t be in Parliament without declaring his private assets and personal interests. He is seriously undermining freedom of expression and criticism using POFMA . Contempt for parliament and contempt for the constitution. Non disclosure and no freedom of information for the public is deceptive and corrupt. The power of non disclosure is the power of deception 😮
If I had bought the house which turned out to be a very good investment and took profit on it, I do not need to answer to anyone for it. Why would the minister owe anyone any explanation?
The house that he sold is what is called a Good Class Bungalow. Under the law the sale and purchase of such houses can only be approved by SLA (Singapore Land Authority).SLA reports to the Law Minister. Shanmugham is the Law Minister. The issue is not the quantum of profit. The issue is - who approved this transaction? Who is the buyer? There are strict conditions for the sale and purchase of such properties. All that the public is asking is for transparency.
@@AjithMankal Singaporeans n even Coffeeshops aunties n uncles are able to understand your simple n logical explanation, which no doubt 'D' will do too.
It's because his house, a GCB, can only be sold to Singaporeans and PRs and needs special approval for sale.....but he sold to a trustee...that's fishy. Did you not watch the video?
Crowd funding for F1 races is no different from being at the race course. The display of drivers and the engines must be a spectacle at Raffles Place. The Padang must be overwhelming with spectators. A display of the event has been a ritual for the Ministry .
When was his GCB value at SGD7.92million? Are u using 50 years ago purchasing price and compared with today his selling price? This piece of news seem covering fact and true.
Eh, none of our business leh, it's his personal life right? It's not as if he bought the house with illegal money and not allowed to sell his car or house just because he is a civil servant. These kind of news really stir shit for nothing. Why not talk about the positive contributions they have done so far for Singapore, not their personal life
I dun see why a sale of a property is a problem to make public . I trust him and know he won.t do any thing that against the law . He is not obliged to to answer but if he finally chose to disclose for ur complaint it is only to silence u . I trust him .
If this can be brought up in the parliament, why can't the oppositions raise this issue? Let there be transparency for all to know!👍👍
Very simple. The president and prime minister must address this issue
Must also address how The Lee Family Controls of over a Trillion in SG’s Assets…
President where got time. I'm.almost retired
I.already make my money, now just enjoy the life.
Well these 2 ministers will face lots and lots of misfortune LHY father LKY is watching. Karma will strike these 2 ministers not now but in the near future.
honestly is actually quite shiok to see these people suing one another, i suggest they donate their compensation to charity during the presidential charity show.
Heaven has eyes justice will be served eventually kc
KARMA works Both Ways … Did You not happen to Notice Not even One LKY General Bothered to Intervene to Rescue LKY’s Reckless Kids in Lee Family Circus 🎪 & Again when Sitting PM’s Sibling Sued by Subordinates? … What’s this mean?… I believe The Lee Family Political Dynasty is being put to Rest … 😊
KARMA works in Mysterious Ways… Now looking like is Season for Lee Family to receive LKY’s KARMA …
People living in black and white bungalows built for plantation owners and colonial officials are behaving badly and using the defamation laws to silence their critics. The fate of previous residents of such bungalows is a warning to those entitled to such luxury. Without a horde of domestic servants and gardeners , such homes are not a symbol of class but rather a symbol of authority. What authority? A autocratic ruler who has the power to institute monetary penalties and impose draconian laws to curb criticism and favouritism. Capitalist attitude to the punishment anyone who has spoken or questioned the need for such punishment. What is the penalty for freedom of expression and vocation???
I don't think even LW or Tharman or both combined can touch the Ridout Road "LAW & Force". Only Citizens can VTO.
He’s DEFACTO PM ..Knock Yourself Out Trying… 😂
I wont directly respond out of fear. But what i could say is, i dont think pap has anyone more powerful than them in terms of linguistic abilities. If they are no more, l think LW can find another job. Lets see if i am right
@@LonganLeeIf Linguistics Matter , then how did Obedient Alimah Win Scandalous PE17 ? 😂… What matters is sitting PM was Helpless when Sibling was Sued by Subordinates … This KARMA at its Finest 😂🎉❤
Opposition should file parliamentary question for Shanmugam to clarify
Ive lost trust in PAP. money money n more money. Lky used to sue now karma PAP minister sue LKY son. What go around comes around. 88 million alot of money.
$88M cannot Stand Up to The Lee Family who CONTROLS over a Trillion Belonging to SG …😊
@@Hs5687A sovereign wealth fund to support the economy and development of infrastructure and information technology. A well connected network of supply chains and financial demands for resources and commodities.
To him $88 million is peanuts .
Right...!!!☝️👍🫵✊️🤛🤜👊🤝👏
Should be fully investigated , impeached , sacked , terminated , arrested , super high salaries no corruption ?
My guess is that probably he has something to hide.
KS would probably more corrupted than SI if prosecuted.
Sued Sitting PM’s Sibling didn’t he ? … Power Display at it Finest 😂🎉❤
Comfirm 100% I guess 😅😊😅😮😅
That's why we need oppositions badly
unfortunately 60% dont think so and it is getting difficult for opposition to get support, with 23000 new citizen every year, in 2 to 3 GE to come, that is going to create a big impact.
If can Redefine Race & DNA to Suit Scandalous PE17 Outcome , what Makes You think They cannot Rig Elections also …😂
Oppo for ? … PAP rdy doing an Excellent Job Correcting Many of LKY’s Predatory Bad Habits & Racist Policies…
this shanmugan and vivian both a joker and clown 🤣🤡
They can go Karaoke sing Duet
Both not only Successfully SUED a Lee Family Member But believe is a BIG Insult to sitting PM to watch Helplessly Sibling Sued by Subordinates … This is KARMA … Not the Work of Joker or Clown 😂🎉❤
Hey folks, Ah Loong Could Only Watch His Younger Brother Being Whack By His Own Staff
' Own Cabinet Kaki Nang'...
Ah Loong Forgotten Who's
Ah Hsien ,
' BLOOD Is Thicker Than Water.'
Think CECA
Think FTs
Think can you trust this government
What has this got to do with CECA? If you can see a connection, it is a racist one. Please don't drag CECA into this. Are you also an FT? Half the people screaming CECA are themselves FTs from a neighbouring country.
CEENrat making noise in every comment
Only VTO PAP in GE2025 ! Change of Government , then Singaporeans will know all the truths ! 😅
hahaha Opposition politicians are living in private condos and landed property, hor. Stop the hypocrisy lah.
Even not if but when all the truths being exposed, seriously what can be done...???!!!🙄😬🤔 Will those 61% voters wake up...???!!!🙄😬🤨🤔
Don’t be naive to expect politicians to tell you everything. WP also same same 😊.
VTO the Opposition WP. For 15 years now nothing better delivered in Aljunied and Hougang. Each Opposition MP earns $17k per month for "check n balance" rhetoric. Best job in SG, hor.
@@lompanglompang6628"'Hmmm...!!!"'🙄🤔 Well...!, nobody is completely honest...!!!☝️🙄😬🫤
Yes the Public needs a complete n transparent answers kchew
Very sad to see these so called poor kids made it , forgetting about their humble beginnings. LKY will be very unhappy.
True
Count how many Opposition politicians own private property. Become pap must pretend to be poor and humble?
For those who are still sleeping and thinking that 1965 PAP and 2024 PAP is still the same, time to wake up in the next GE.
Do you think he dare to do this with LKY around?
If LKY ard he’ll pbly be in Prison or Exile for Treason… 😊 … Good Thing Our Sneaky Government also Reads Comments in Social Media…
Another good reason to vote Opposition
What Value is Oppo when even LO dare not Challenge Government in Court? ie. Abuse of Power, Withholding Information, Gerrymandering etc 😊
@@Hs5687 Got to court need to have proof. It is difficult to get because the government is not open and transparent. How to prove abuse of power? Withholding info is not a crime if there is no law that requires its disclosure. How to prove gerrymandering if the report if the EBRC is not made public? Lose in court means have to pay legal fees of winner.
You want to sponsor LO fight all the way?@@Hs5687
Do the right thing & disclose who is/are the buyers.
This is very much public interest now
World's richest ministers are the Pay And Pay 😅
Whatever they do is always legal? Because they are the Law?
Kotek, Shanmugam made his money as successful lawyer in private practice before joining politics. Why so jealous of other people's money?
@@scbchong6964 Yayaya, then prove it lah. He is a politician and we have the rights to know. If he’s clean, he has nothing to be afraid of and clear his name.
@@scbchong6964 are you one of his siblings? He is one of the MP & politicians. We have the rights to suspect and have strict monitoring. I don’t know him as he’s not even my friend. PAP can even have a F1 Brompton case. Thus, nothing is certain. We are just trying to have our Government to be as clean as possible. If trusting him as by what were published, that’s just pure naive.
@@alanloo What makes you think the person running the youtube channel and making the accusation and finger pointing is so honest and truthful? All Opposition supporters are more honest, considerate, kind, courteous and never tell lies or BS? Opposition never spew propaganda? btw I am not one of his siblings, and I also have a right to point out Opposition hate speech, lies, false accusations and misinformation. Freedom of speech runs both ways. I have a right to point out all the Opposition lies.
Innocent until proven guilty. No, wait. Since he will not be on trial forever, he will remain innocent forever. He's a lawyer himself and a bloody good one. Who in the world can bring him to trial?
It is time for the Prime Minister Mr Lawrence Wong to make sure nobody steps out of line in his prime team.
As long LHL in as senior minister Lawrence wong is nothing.
@@mohamedzackriamydingani241
L h l probably still have to " listen " to his wife before making decisions
"it is time" --- long overdue for the PAP government to come clean on the issue of highly inflated salaries for the PAP PM and Ministers, many PAP MPs are holding ministerial positions, being 2nd, 3rd Minister etc.
The PAP Ministers have allowed themselves in being so over-paid for more than 2 decades. They are lacking in moral courage in confessing this --- and Mr. Lawrence Wong himself is no angel either.
Its best, Vivan and Shamugam just quietly resign. Very shameful and embarassing.
He bought his bungalow 20 years ago for nearly 8 million and sold it for 88 million last year. Then, rent an old colonial bungalow. So nothing wrong.
@@qwertypoet2386Old colonial house under SLA, he was allowed to build a 25m long swimming pool for own use. Can all BW rental houses allow other tenants doing the same ? Just curious.
@@gladysloy5780 It is said that "Most black and white houses only come with basic lighting and plumbing. Residents can install air-conditioning units, water heaters, telephone lines, internet connections and swimming pools. But to protect the architectural legacies of these houses, all these new fittings must be removed when a tenant’s lease ends."
@@gladysloy5780 A British family renting such colonial bungalow and it comes swimming pool. "We were lucky there was already a swimming pool. We just had to re-line it but all the structure was there," Hay said.
All pap part time ministers have much more than $188million tax payers monies with high tax profiteering , high cost of living policies etc .
The only reason KS has not suffered the same fate as SI is because he is the law and home affair minister. You won't see the inside of an investigation room no less a jail if you're their boss.
But he Deserves to Be Boss … Who else You know that have successfully SUED a Lee Family Member, let alone by a Sitting PM’s Subordinate? 😂🎉❤
Start a motion for further investigation. Nothing to fear if you are on the right track.
He's humming the evergreen oldie "SILENCED IS GOLDEN" and thereafter "THE SOUND OF SILENCE"
In this situation...silence is not golden!
Indeed, it is in the public interest for the Minister to issue a statement and not remain silent. Transparency, integrity and openness appears to be lacking ?
Both Ah Neh,
Bala & Mugam Are Above D Law....
Just Bcos He's D Law Guy,
Both Ah Neh ,
' Are UnTouchable '.
Do not fret as Amy, the Creator has already confidently claimed in her Tiktok/FB comments that she will bring down the 'untouchable', being termed by u.
wow!!!! just come out n explain.
POFMA 🤴🏿 Laughing by his Swimming 🏊♀️ in RIDOUT
The more the disquiet on matter, the more the controversies..
Sham is the Law minister, shud come forward quickly..
PAP 3G team has got to be the most corrupt entity since SG's independence.
He bought his house 20 years ago and sold it last year so why is this an issue.
@@qwertypoet2386 The issue here is the huge excess return. It cannot be explained by modern day finance.
@@LawrenceWank001 Even the last kampong or village in Singapore mainland costs about 70 million now but owner refused to sell.
Is it fair to say, he knows too much?
Fair or not fair, Amy, the Creator already said in her Tiktok/FB comments that he lied too much and have been waited patiently for his response since years ago until today or perhaps LW, now our PM can assist her.
not very transparent , is it?
Where in the hell a Singaporean got so much money. Must be forienger buying for him on his behalf. Must investigate.
After all the talk and singing, I am shocked to learn that the LKY's family is one of the wealthiest in SG. Now, I know that even his ministers are so wealthy.
KS's property sale led to a whopping 12.7% CAGR. If one uses CAPM to estimate a fair risk adjusted return, while taking into consideration the local factors, it should yield about 9% compound return. There is an excess of 3.7%. How does one justify this excess return? Is the market inefficient? Perhaps, criminal elements were involved leading to persistently high excess return.
Bought at less than 8 millions and sold for 88 millions...........wow 11 times higher is like striking Toto first price 80 times...........must pay tax?
When ALI.BABA & the "sure.die" (40) thiefs does not known the story is orgin fm Indian Bengali.....
Another racist! Ali Baba is clearly Arabian. If you had gone to school in Singapore, you would know this. Another FT!
Really...read more..
How did he own a GCB ? Law certainly pays well in this authoritarian state. The freedom to penalise and the freedom to punish is the power of the state. Why they are in the business of penalties and fines. The fine print and the small prints we don’t read when we sign what we don’t understand. They will charge a fee to help you deal with the small print and the fine lines .
Solicitors are legal experts in matters of Tax avoidance and evasion. Experts in monetary penalties and expert paid counsels for defamation and fraud. Their expertise can be paid for in the purchase of a GCB . They understand the law and experts in utilising and exercising the rule of law.
Are they the exception to the rule? Definitely not 😮
Shan is basically untouchable in Singapore......
This money should go back to gov fund for helping the poor, two rooms flat
It is exactly nobody is perfect, we need balance of powers to watch, check and scrutinize one another. But for it to happen there cannot be 1 near-monopolistic power. It cannot be a case whether tiny david faces giant goliath. Else we are letting a single all-powerful dominant party have such absolute powers giving higher chance of abuse (eg they write their own pay checks paying each of their min millions per year, upto 17 mths bonuses, 为所欲为,..etc)
Do the right thing and u can amass huge fortune as minister. Compared to the 400k case, shake head.
GOVT PAP all millionaires. Making money more money. All staying in freehold house. Singaporeans 99 years lease and rhen they say its ur property. What a joke. What go up must come down. Mainland chinese asking singaporean u com e from where? What a joke
You sound so sour
@@AlphaSorceror: Saya oleh itu akan memaklumkan kepada anda bahawa saya menyedari rakyat (yang kaya) Malaysia - serta Indonesia - yang mengeksploitasi (剝削) காசிவிஸ்வநாதன் “கா [/கே]” “bandar, bukan negara” சண்முகம் sebagai batu loncatan semata-mata untuk meneruskan (akhirnya) mendapatkan penduduk status di Australia (atau Kanada).
Kesedaran tentang pendidikan kebangsaan (NE) atau “pengetahuan asas” negara seseorang adalah tidak relevan & hanya “sejarah (歷史)”, iaitu sesuatu yang TERPAKSA dipelajari dalam sistem persekolahan selama beberapa tahun & kemudian BUANG sama seperti sampah secepat mungkin (“useless knowledge”).
Walau bagaimanapun, perkhidmatan negara (NS) adalah penting kerana eksploitasi semua lelaki tempatan yang ditugaskan serta tertakluk kepada liabiliti pasukan simpanan sepanjang hayat tanpa mengira status sosioekonomi keluarga nuklear mereka atau berapa ramai anak lelaki yang di kandung ibu-bapa menjana “pembangunan ekonomi” & “berguna dari segi ekonomi” berbanding pendidikan kebangsaan (NE).
Wanita tempatan & warga asing - terutamanya penduduk tetap (PR) yang cerdik MUNAFIK - boleh bermain “pilih-&-campur” dengan Singapura, iaitu memilih apabila Singapura adalah sebuah negara atau bandar (raya global) apabila Singapura sesuai dengan keadaan individualistik mereka & berpegang pada diri sendiri kepentingan berpusat.
Sekurang-kurangnya pemegang pasport Ireland-merangkap-Kesatuan-Eropah boleh menjadikan kejahilan & buta huruf berfungsi untuk kelebihan tiga kali ganda mereka dilengkapi dengan konotasi pengganas romantis.
Why does it hurt you.
ALL ARE MUILTI MILLIONAIRES , THIS IS DEMOCRACY , EQUALITY & JUSTICE .
Who Serves Who ?
Milking the system that they created
Clean government? Yea...right!
He sold his house last year which he bought 20 years ago so definitely the selling price is high. There are even several HDBs which are sold for 1 million plus. So nothing wrong.
Who can buy $88 million - $ fr where n local or foreigner buyer
Who's this trust who is willing to pay 60% buyer stamp duty ????
With the iswaran, how many ex pap members have been incriminated in the past 60 odd years? Is it legal to call these or this a criminal? Did one committed suicide?
Is Sham transparent in this land transaction. Does he need POFMA for the transparency. Watch this clip to know the truth.
revamp sg education system to include compulsory study of legal knowledge, citizens develop skill to question lawyers in cabinet
Good suggestion n then all Singaporeans' parents must insist that MOE to include this compulsory subject to all schools in future.
Liars
Congratulations!. 88 millions is certainly not at all a small sum. Wonder how i would feel having so much money, which some people might not achieved in their lifetimes, even for a normal high ranking officials in many organisations can get after minus the necessary expenses. Properly, i would smile throughout my sleep. Walk with smile in my heart. Might consider giving charities more considerations. What to do with 88 millions? Wow! 88 millions. Considering quitting my job and travel round the world, as i am not getting younger. Of course, i have to be fair to my employer, to go for a replacement. To keep working? With 88 millions and not enjoying it???????. How? It comes all of a sudden, i am confused what to do? Of course, i have to be discreet on handling this matter. No rush but with smile in my heart throughout the day. Wow!!!!88millions.
Yup,$88M is insane money. My bet, with this minister, I doubt he will gives any to charity, not even to his siblings. buying it at $8m n selling for $88M n renting a black n white already showed u what kind of person he is. Gaming the game in terms of money. He will die a very rich man , sad he can’t bring it with him but his children will “burnt” paper mansion, paper Rolls Royce ,paper millions for him to enjoy where ever he will be…😂😂😂
$88milion,rent abt 30k.wow wow 3 generations also cannot eat finish lei
Who would rebut me if i say, without this guy, the entire tree falls and all scatter
If he lost money and realky need to announce to every Father Mother daughter and son
Will U help him
Hand picked by his mentor - LKY
Who can buy $88 million - $ fr whereb
This case is potentially 10x worse than Iswaran.
Simple la
PAP 🐷🐷🐷 Ministers
ALL
Declare Assets will do
LANJIAO NO ⚽️⚽️
Can quiet then quiet if not bit around the bush...then really cannot they will reveal it and then try to charge within their means...🤭🤭🤭🤭 usual trick. But others....🤔
Indian ministers again !
The issue is not the quantum of profit made. The house that he sold is what is termed a Good Class Bungalow (GCB)
. The sale and purchase of such houses are controlled by the Singapore Land Authority. The SLA reports to the Law Minister. Shanmugham is the Law Minister. That is the only issue
who approved the transaction? Who is the buyer? That's all. Again there are strict conditions for a buyer. It is restricted to citizens of Singapore. There are exceptions if sold to Foreigners.
All that is needed is clarification from the Minister. Noboby is accusing him of anything.
Everybody is getting excited for all the wrong reasons.
Oh my… was this reported in the Straits Times or CNA?
I’ve totally no idea that this actually happened…
Hope that’s concern could dirscern that sale of a person’s owned property / asset does not amount to corruption.
Ordinarily it should not. But if the transacted price is much higher than market value, it could be. Also the fact that the buyer hid behind the veil of a trust for this transaction heightens the suspicion.
He can’t POFMA himself
😂
Very fishy, isn’t it?
you mean despite his legally earn high salary, he can only wear a white shirt, like a bankrupt!
trying to appear to stay low while keeping FAT bank account
Where is Anziar!? 😂😢
That was his property. What has that got to do with the public? What accountability are you talking about?
The timing and the value of the transaction raise suspicion. More details are needed to dispel these suspicions.
He bought his bungalow 20 years ago and sold it off last year. So why is this an issue.
"In his statement, Mr Shanmugam explained that as he approached his 60s in 2016, he reviewed his finances and realized that too much of his savings were tied up in his family home. As a result, he put the property on the market and moved into a rental home."
The transfer took place in August 2023. It took around close to 9 years for him to finally sell the property,
Coincidentally just 1 month after his ministerial statement in July 2023 to explain his Ridout saga, around 3 months after it was first made public by RP Secretary General in May 2023,
At 11x his purchase price (which is heck of a return compared to the rest of the HDBs owned by average Singaporeans over the same holding period),
To a buyer whose identity is concealed behind a trust.
But I guess it is just business as usual to some. There is nothing to look at.
RICH 💰
Mati bukan bawak duit pun...
Lot of jealousy from poor peasants 😢😢 making up things without facts..
In other countries. ministers would have aquired the property..at least both ministers went thru proper channels to rent..the abandoned property .whats the big deal ..
Lawless Singapore. What can we do?? Just suck thumb 😂😂😂
What???
The only one who is not interested in $ are Satan..demons...😂
Still clean n green???? 😂😂😂😂😂 One important weakness in Human being is we refused to actually take a proper look at ourselves in the mirror .
Interesting
Many spore citizen.poor n struggle to survive n mp $88mililn still rental govt house- funny
Errr.....looks nice & pretty from outside...
Needless to say ….
Pap knnbcjb
In the first place, he is not obliged to disclose his personal sale of property. If you are accusing him of something improper why not make a police report and le them investigate instead of just stirriing shit and hiding behind social media on UA-cam and using AI reader? Terry Su, you don't have the balls to do that?
He can’t be in Parliament without declaring his private assets and personal interests. He is seriously undermining freedom of expression and criticism using POFMA .
Contempt for parliament and contempt for the constitution. Non disclosure and no freedom of information for the public is deceptive and corrupt. The power of non disclosure is the power of deception 😮
Walau
Well done by Ministers.We will sure vote for you.
What statement TOC wants the Minister to make ?
He knows the laws better than anyone, and toc expect him to err ???
Why must announce? Selling GCB is a private matter.
Ya..selling GCB after ridout saga made public is just normal course of business
If I had bought the house which turned out to be a very good investment and took profit on it, I do not need to answer to anyone for it. Why would the minister owe anyone any explanation?
The house that he sold is what is called a Good Class Bungalow. Under the law the sale and purchase of such houses can only be approved by SLA (Singapore Land Authority).SLA reports to the Law Minister. Shanmugham is the Law Minister. The issue is not the quantum of profit. The issue is - who approved this transaction? Who is the buyer? There are strict conditions for the sale and purchase of such properties. All that the public is asking is for transparency.
@@AjithMankal
Singaporeans n even Coffeeshops aunties n uncles are able to understand your simple n logical explanation, which no doubt 'D' will do too.
He bought his house 20 years ago and sold it in 2023 so why is this even an issue.
It's because his house, a GCB, can only be sold to Singaporeans and PRs and needs special approval for sale.....but he sold to a trustee...that's fishy.
Did you not watch the video?
He made a good investment. Nothing more nothing less. Why all the negativity? Sure, he used his advantage in information but so did many everywhere.
His advantage of info is a possible abuse.
Crowd funding for F1 races is no different from being at the race course. The display of drivers and the engines must be a spectacle at Raffles Place. The Padang must be overwhelming with spectators. A display of the event has been a ritual for the Ministry .
Already mentioned by LHL, ministers have private lives and this was a private matter.
Toc u better explain why he done anything wrong.
He is a smart dude to make millions by legal personal acumen 🎉🎉🎉🎉🎉
When was his GCB value at SGD7.92million? Are u using 50 years ago purchasing price and compared with today his selling price?
This piece of news seem covering fact and true.
www.theonlinecitizen.com/2024/09/12/minister-k-shanmugam-transfers-astrid-hill-gcb-to-ubs-trustees-for-s88-million-following-ridout-road-controversy/
You didn't pass your basic math did you? 😂
@@theonlinecitizenasia Minlaw is neither issuing POFMA to TOC nor YT. There might be some truth to your editor's findings. Please keep digging.
another rubbish half-truth report.
Eh, none of our business leh, it's his personal life right? It's not as if he bought the house with illegal money and not allowed to sell his car or house just because he is a civil servant. These kind of news really stir shit for nothing. Why not talk about the positive contributions they have done so far for Singapore, not their personal life
Did you know that HDB price index grew less than 2.5x during the period he bought and sold his property for 11x the purchase price?
You guys have a lot of free time accusing others unethically.
SOURGRAPES!
I dun see why a sale of a property is a problem to make public . I trust him and know he won.t do any thing that against the law . He is not obliged to to answer but if he finally chose to disclose for ur complaint it is only to silence u . I trust him .
Agreed, i also trust iswaran wont do anything against the law.
Why use ChatGPT to generate your text? Low standard