8 public officers referred to police after review of property purchases near future MRT stations

8 public officers referred to police after review of property purchases near future MRT stations


SINGAPORE – Eight public officers whose property purchases warrant further examination have been referred to the police, Coordinating Minister for Public Services Chan Chun Sing said in Parliament on Oct 6.

He told the House that the Public Service Division (PSD) has reviewed property transactions made by 191 public officers who worked in agencies involved in rail planning and bought properties between 2007 and 2014 near locations that were subsequently announced as MRT stations. 

Chan was responding to MPs’ questions about a research paper that claimed civil servants involved in rail planning and their families had disproportionately purchased property near unannounced train stations. 

He said the eight cases were flagged either because of the specific circumstances surrounding the property purchase, or because there was not enough information to rule them out from further review. “Let me emphasise that a referral does not mean that wrongdoing has been established,” he added. “The police will look into the facts independently, and due process will be followed.”

The authors of the research paper published on Sept 11 by the US non-profit National Bureau of Economic Research (NBER) had claimed they found “clear evidence of informed trading”.

They cited findings that purchase intensity near planned MRT stations was higher for civil servants than for a control group of non-civil servants with similar demographic attributes and housing consumption behaviours. The statistical association uncovered by the NBER paper concerned MRT announcements in or before 2011.

The PSD said in a statement on Sept 25 that the Government was reviewing home purchases made between 2007 and 2011 by officers involved in rail planning at the time in cases where the properties were close to sites subsequently announced as MRT stations.

On Oct 6, Chan said the Government has carried out its own checks using government records and chose to extend the review from 2011 to 2014 as a matter of prudence as many new MRT station locations were announced in the years after 2011.

Asked by Alex Yam (Marsiling-Yew Tee GRC) how long the review would take and whether the Government would release a full report, Chan said it would be completed as soon as possible, with any relevant findings published in full.

As for how many transactions could ultimately fall within the extended review period, Chan replied that 191 cases have been reviewed so far, with more to be examined if further information warranted it.

To Yam’s other question of why the pattern identified by the paper appeared to disappear after 2011, Chan said there was currently no reason to believe that something had fundamentally changed after that year, but this would be examined as part of the review.




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