Re: MP Lam Par: URA and HDB provided me with false information!
HK is not like Singapore
How is it that when the ultimate capitalist land on earth ( HK) can stipulate how a winner of a land tender must control its pricing but when Singapore sold it’s last major piece of land for a private hospital at Novena ( now called Mount Elizabeth Novena Hospital-) not to be confused with Mount Elizabeth Hospital ( not Novena)) that Parkway has a free hand in deciding to have only single-room suites ( including one $17000 per night suite) and is allowed to charge whatever it deems fit. I do not presume it is high but I “assume” it is ( pun unintended) ? Why? Click here. A very senior Parkway official even hosted me for a meal ( over cheap lunch) after my letter was published by the Straits Times, and explained why Parkway had some assumptions ( my lips are sealed) which led them to pay the government Sg $1.25 billion (for the land) and why they have only single rooms ( to earn money duh!) and dispensed with any tokenistic multi-bed suites.
Sale of our Crown Jewel
The string gets longer when those of my vintage remember that Raffles Hotel ( together with the doorman) was once one of Singapore’s most recognizable icon. It was sold to a foreign private equity group aptly named “Colony Capital” and was then kicked around like the football we so loved to watch and this ex-icon is now owned by Qatar. Click here.
Then of course there are the power stations sold to China.
Someone said ( or perhaps it is a song) that Money makes the world go round…http://nofearsingapore.blogspot.sg/2015/01/sengkang-columbarium-model-scm-is-this.html
HK is not like Singapore
How is it that when the ultimate capitalist land on earth ( HK) can stipulate how a winner of a land tender must control its pricing but when Singapore sold it’s last major piece of land for a private hospital at Novena ( now called Mount Elizabeth Novena Hospital-) not to be confused with Mount Elizabeth Hospital ( not Novena)) that Parkway has a free hand in deciding to have only single-room suites ( including one $17000 per night suite) and is allowed to charge whatever it deems fit. I do not presume it is high but I “assume” it is ( pun unintended) ? Why? Click here. A very senior Parkway official even hosted me for a meal ( over cheap lunch) after my letter was published by the Straits Times, and explained why Parkway had some assumptions ( my lips are sealed) which led them to pay the government Sg $1.25 billion (for the land) and why they have only single rooms ( to earn money duh!) and dispensed with any tokenistic multi-bed suites.
Sale of our Crown Jewel
The string gets longer when those of my vintage remember that Raffles Hotel ( together with the doorman) was once one of Singapore’s most recognizable icon. It was sold to a foreign private equity group aptly named “Colony Capital” and was then kicked around like the football we so loved to watch and this ex-icon is now owned by Qatar. Click here.
Then of course there are the power stations sold to China.
Someone said ( or perhaps it is a song) that Money makes the world go round…http://nofearsingapore.blogspot.sg/2015/01/sengkang-columbarium-model-scm-is-this.html