20 June 2003
Today I have read and felt totally disgusted by the Land Authority to try to pull one off like this, Offering SGD$1 for a plot of Chuan Park carpark private property of 99 years.
If the land value is to go up and would have reimbursed the value of the carpark for their housing raise in prices, then does it also mean that we no longer have to pay our property taxes because the Land Authority owns the land after 99 years? We are only tenants leasing the land? Or does it mean to say that property taxes have been paid in vain for such property eyed by Land Authority? I do not understand the rationale.