Clarification by Minister for National Development

Mr Speaker, I refer to the exchange I had with Member Mr Leong Mun Wai this afternoon regarding the Parliamentary Question on valuation of HDB land. In the course of the discussion, he asked me where, which post or which speech I was referring to when I spoke about his reference to the historical cost of land. At that point in time, I did not pull out the exact reference, but I would like to put it on record now.

And that is a post on the 8 December 2022, where the Member referred to the cost of land or the modest sum, given under the Land Acquisition Act, between the 1970s and 1980s to the Pioneer Generation, who surrendered the land to the Government. And then, he went on to ask for land costs to be taken out of the picture.