market rate for land acquired
Surprise, surprise! The government is planning to pay the prevailing market rate when it acquires land. This is wonderful news. In previous decades they used pre-determined levels (the last was Jan 1, 1995) which landowners complained were always below market rates. This was one of the injustices that riled me though I am no landowner(just an airspace-owner) and became one of the thorny issues that Singapore patriot J.B. Jayaratnam used to raise in parliament and in public. I am glad for this positive development. We are taking steps to live up to the national pledge which includes a declaration to seek “justice and equality”. Let justice roll like a river.
3 comments February 14th, 2007

