quote..." The Government Controls The Rents But your next - TopicsExpress

quote..." The Government Controls The Rents But your next question might be – but why would the government be able to control the rents? Well, because it does. You see, the PAP government has its hands in all aspects of rent. First, government agencies such as the Housing Development Board and the National Environmental Agency lease out spaces. Second, the government runs two investment companies – Temasek Holdings and GIC and they have majority shares in private companies. Of the major real estate companies in Singapore – CapitaLand, Mapletree and Surbana, the Temasek Holdings has majority shares in them (Chart 4). Other real estate companies also has indirect investments from Temasek. For example, Fraser and Neave has in them shareholders such as DBS, which Temasek has majority shares in...........click below for more details..

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