Will Singapore Savings Bonds be used to finance an "underground city"?

In a notice issued to TOC, the Attorney General’s Chambers said that there is no plan to build an underground city or underground residential developments to accommodate a “10 million population”.

05 Aug 2015

MAS

An online article on The Online Citizen (TOC) recently claimed that the Government will use the Singapore Savings Bonds (SSB) to finance an “underground city”. This is false.

toc underground 400px

The Attorney General’s Chambers issued a notice to TOC on 5 Aug. The following are extracts from the notice: 

“1            On 31 July 2015, you posted an anonymous article titled “Severe consequences for a PAP majority with its underground city for 10m population” on your website.  In the said article, the author made, inter alia, the following patently false statement, namely that the monies raised from the issuance of the Singapore Saving Bonds (“SSBs”) will be used to finance the construction of an underground city for a population of 10 million.

2              There is no plan to build an underground city or underground residential developments to accommodate a “10 million population”.  Underground space has been developed to accommodate infrastructure such as MRT rail lines, utilities and storage spaces. This is intended in fact to prioritise and maximise surface land to create a good environment which meet the needs of our people and their families for work, live and play.

3              Regretfully, you did not check with the Ministry of National Development before publishing this article. We hereby request that you either remove the said article, or you include the notice set out in Annex A to this letter as a preface to the said article. If you do not comply with this request by 6 pm today, these Chambers will have no choice but to take out an application under Section 15 of the Protection from Harassment Act 2014 to obtain an appropriate court order restraining further publication of this false statement without making clear the truth.”


More From Factually