Originally posted by lionnoisy:
[b]Double CBD office space
Thanks to our forefathers who gave tax to governments .
Governments then can reclaim land some 2o years ago for
future developments,like Busininess and Finance Center.
Now we have Marina South of some 330 ha , big enough to
double
office space in CBD of spore.

URA annual report 1977/1978.
[/b]
You are so clueless.
The taxes you pay don't go to the reclamation of land stupid; it
goes to their godly salaries.
Whatever funds (bank loan, cpf, govt bonds) they use to reclaim the
land from the sea, after the land has been reclaimed, they will by
system of tendering, loan the land out at afew hundred millions for
99 years, the land returns back to gov after 99 years, which they
can lease out again.
The site (3,576.9 sq.m) at Bencoolen was leased out for 99 years
recently at a price of $73,000,000; the price of reclamation of 1
hectare is "say" USD100,000,000 they still made a hefty profit from
the sale.
You Have Crap for Brains!!!!