Who funds the building of the Jewel at Changi?

I read a report that the Jewel in Changi is not funded by taxpayers. It stated that the Jewel is a joint venture between Changi Airport Group and CapitaLand.

I wonder if this can be classified as “fake news”. Here are my reasons:

a) Changi Airport Group is fully owned by the govt, and by extension, by the taxpayers.

b) What about the land used to build this mall? Does the owner pay any development charge for the conversion of the parking space to a mall?

 

Tan Kin Lian

 

 

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13 Responses to “Who funds the building of the Jewel at Changi?”

  • MarBowling:

    Btw DO all those Mother of all Big Projects like CLOWN [email protected], GARDENS BY THE BAY, T5, etc EVER NEED THE RUBBER-STAMPING, OOPS VETTING AND APPROVAL OF THE PRE$IDENT AND THE 5 WISEMEN COUNCIL OF PRE$IDENTIAL ADVISORS?

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  • mike:

    There was once i asked : why T5?
    The answer i get was : you should be proud of it and stop asking why…
    Then i get the next question : Be appreciative

    And there was silence among the 20 other folks.

    I can’t tell you how deeply injured within me was… not because of the respond i get but because of the silence among the 20 others.

    Anyone think this country is having a bright future?

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  • What is a fake government?:

    If a country is without basic freedoms and a free press isn’t it a fake democracy? Can a fake democracy have free and fair elections? If not then isn’t the “elected government” also fake? What do you think?

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  • UniQ:

    WhoooOOOHH !!

    Jewel NOT paid by Taxpayers ??

    Accounting and Accountability is very amiss !?!?!

    Questions :

    1. Land which Jewel is built on Buy or Lease ?
    From who ? $$ goes to Who ?

    2. Any Taxes paid for Jewel Operations ?
    Paid by Who ? Goes to Who ?

    3. Why CapitaLand ? any bidding ? and who has a higher stake ?

    4. Any other smaller investors not revealed ?

    5. CAG is listed ? no right ? then better clear this $$ used for Jewel before this asset becomes share hold piece and the Taxpayers which might pays for it gets $0.

    Don’t give part news leh…abit here, abit there….very hard to follow…. :)

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  • N.Jungne:

    Like Hai-Gong drawn to it, by lights and food. Who pays?

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  • Tax not taxpayer money:

    If CPF money is not CPF members’, then of course tax money is not taxpayer money.

    Tio Boh?

    But seriously, KL’s question is very important.

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  • Be REAL:

    Icon so what! Just anor super X man-made brick and mortar mega structure thrown in basement carpark and a artificial waterfall. Nothing awe the human spirit than seeing and hearing thundering nature wonders like Iguazu and Niagara Falls. Even uncle during childhood days was simply amazed and thrilled by the modest Kota Tinggi Waterfalls!

    Still can recall the defunct Tang Dynasty at Jurong. This man made park died a natural death coz sinkies wanted to see real terra coota warriors aided by affordable air fares in China.

    Sigh…. when all the hulabaloos and hypes by msm die down eventually, this giant turtle looking shell will join the list of white elephant Malls in Orchard road. Lots of shops but few buyers.

    What do you think?

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  • Harder Truths:

    Whoever pays IRAS, CPF, HDB, ERP, COE, SP, etc….. (pick your own Authority you pay money to).

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  • Crony fake-ism:

    Doublespeak, sneaky equivocation – that’s what.

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  • More Pain Needed:

    mike:
    There was once i asked : why T5?
    The answer i get was : you should be proud of it and stop asking why…
    Then i get the next question : Be appreciative

    And there was silence among the 20 other folks.

    I can’t tell you how deeply injured within me was… not because of the respond i get but because of the silence among the 20 others.

    Anyone think this country is having a bright future?

    They will make noise eventually when pain is felt.

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  • LIONS:

    Oh well,WHAT$ WRONG WITH COLLECTING MORE MONEY…from PEASANTS for *us* to PAY OURSELVES and $quandering on our CLOWN PRINCE’S PET PROJECT$?

    we are among HIGHEST GDP PER CAPITA in the world mah?

    we need more CLOWN JEWEL$ to make us SHINE.

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  • national emotion and pride:

    //The answer i get was : you should be proud of it and stop asking why…//

    aiyoh. should answer back : why should be proud ?

    many daft sinkies are dumbstruck (years of brainwashing and conditioning) by beautiful logical statements that pick on your national emotion and pride.

    nowadays (sad to say), must be hungry enough to counter by asking who gets to gain more and who get to pay more leh for all these big ticket toys (either directly and indirectly) ??? now going for 6.9m or 10m as in sinkie land belongs to everyone leh ??? daft sinkies are just a number to the white monkey idiots who have anointed themselves as aristocrats (one curry party system under ownself-check-ownself operating system leh ???

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  • rukidding:

    Oh ?….no public tender ??

    Wah Liow,…Ka Ki Lan again ???

    But nevermind, because I think their “madness” for making $$$ has “over ridden” their concern for safety of people.

    I see a “Big flaw” in this “Jewel”.

    It is a “potent mix” of “tourist on transit” and “ordinary people going shopping”….all and everyone “mix” into a Mall.

    So you see many “dragging along their luggauge” and shopping and I wonder how safe these “tourist on transit” feels….even when going to toilet ??

    The “sense of security” you get while shopping within the Airport own’s shopping centre is really, really “higher than”,…shopping inside the jewel.

    Because of the “potent mix”…it makes “identification even more difficult”

    Add to its close proximity to 3 terminals…makes it a “good target” !

    With this “Large loophole”….security is really, really an issue !

    I would “avoid” going there, if ossible and instead go to Tampines Mall if I was shopping for something or going for a cinema.

    I think, I would feel “safer”…”less of becoming a victim of a unneccessary mistaken target”

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