Clarification by Minister, Prime Minister's Office and Second Minister for Finance and National Development

Mr Speaker: Leader.

The Minister, Prime Minister's Office and Second Minister for Finance and National Development (Ms Indranee Rajah): Mr Speaker, I am sorry. I just wanted to make a factual clarification with respect to the supplementary answer I gave earlier to the Leader of the Opposition's supplementary question. [Please refer to “Impact Sale of State Land on Reserves and Accounting Treatment of Cost of State Land for Public Housing”, Official Report, 7 November 2022, Vol 73, Issue No 95, Oral Answers to Questions section.]

In my answer, I said that the selling price of flats is based on the market value of the land, then applied with a generous subsidy. It should have been, "the selling price of flats is based on the market value of the new flats, then applied with a generous subsidy", which is in line with my main answer. I just wanted to clarify that for purposes of the Hansard.