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In the 70s, for those Unkers that Leemember, the Pigs Are Pigs started stealing land an embarking on furious construction program to build HDB estates. Most of these contruction companies were locals, not like today, where you see China companies building BTOs and what not. Local construction companies were able to bid successfully because they were purchasing surplus US Army equipment. The US Army was exiting the Vietnam war and had a lot of surplus weapons, ammo, and equipment that they wanted to get rid off. In addition to all this, they also had a lot of construction equipment like pavers, and dozers, that they used to build their bases, barracks and runways for their airbases. The local south Vietnam market was already saturated with these equipment, so the best way to get the most money was to sell it overseas. They were doing the same too, selling them in Clark and Subic Bay. The Pigs ARe Pigs agreed to let them sell in S'pore provided they had the first right of refusal.
Auctions were held in S'pore for all these equipment, which was barged over from South Vietnam. The SAF took hundreds of jeeps, M113s, 106mm recoilless rifles, ammo, etc. The S'pore PWD took a lot of road paving equipment and local construction companies bought up alot of construction equipment too to build the flats. So, the growth in the HDB and the housing of S'pore I think was a side effect of the ending of the Vietnam war. Who would have thought that?
Script is copyright Reuters Limited. All rights reserved
Background: As United States troops are withdrawn from Vietnam, the equipment they needed to fight the war is being shipped out and sold off as surplus.
One of the big sales centres is Singapore. The equipment being sent to Singapore includes heavy construction machinery as well as airplanes, four-wheeled drive vehicles and trucks.
The United States Army is selling much of its equipment outside South Vietnam because the market there is already flooded. It hopes to realise better prices in Singapore, Taiwan and the Philippines. This film is from NBC.
SYNOPSIS: These are the remnants of a war effort. As the United States withdraws from the arc in Vietnam, much of the equipment needed to sustain the war effort is being shipped out, too. It is being sold in other countries as surplus.
The Army decided to sell outside Vietnam because the market there was flooded with equipment given to Saigon by the United States.
One market is Singapore. United States' army equipment worth thirty-six million dollars has already started arriving there.
The surplus is not just in weapons and ammunition. It includes millions of dollars worth of trucks and machinery.
Military aircraft will be sold for a fraction of their original cost. So will vehicles handed to the United States when Australian troops left Vietnam.
The surplus equipment also includes machinery used to build roads, runways and housing for the United States military -- bulldozers, forklifts, earth movers, rock crushers, air compressors, generators and water tanks. The Singapore Government has set aside a large part of the waterfront to receive the war surplus. In return, Singapore has the right to first purchase of anything it wants, at the current market value. It is estimated that a third of the sales so far have been to government owned companies in Singapore. American firms are also buying.. but with an eye to reselling the surplus at a profit. The United States Army plans to hold about twenty sales in Smaller sales will be held in Subic Bay, in the Philiy???ines and in Taiwan
https://www.britishpathe.com/video/...S-ARMY-SURPLUS-FINDS-READY-MARKET/query/FINDS
Auctions were held in S'pore for all these equipment, which was barged over from South Vietnam. The SAF took hundreds of jeeps, M113s, 106mm recoilless rifles, ammo, etc. The S'pore PWD took a lot of road paving equipment and local construction companies bought up alot of construction equipment too to build the flats. So, the growth in the HDB and the housing of S'pore I think was a side effect of the ending of the Vietnam war. Who would have thought that?
Script is copyright Reuters Limited. All rights reserved
Background: As United States troops are withdrawn from Vietnam, the equipment they needed to fight the war is being shipped out and sold off as surplus.
One of the big sales centres is Singapore. The equipment being sent to Singapore includes heavy construction machinery as well as airplanes, four-wheeled drive vehicles and trucks.
The United States Army is selling much of its equipment outside South Vietnam because the market there is already flooded. It hopes to realise better prices in Singapore, Taiwan and the Philippines. This film is from NBC.
SYNOPSIS: These are the remnants of a war effort. As the United States withdraws from the arc in Vietnam, much of the equipment needed to sustain the war effort is being shipped out, too. It is being sold in other countries as surplus.
The Army decided to sell outside Vietnam because the market there was flooded with equipment given to Saigon by the United States.
One market is Singapore. United States' army equipment worth thirty-six million dollars has already started arriving there.
The surplus is not just in weapons and ammunition. It includes millions of dollars worth of trucks and machinery.
Military aircraft will be sold for a fraction of their original cost. So will vehicles handed to the United States when Australian troops left Vietnam.
The surplus equipment also includes machinery used to build roads, runways and housing for the United States military -- bulldozers, forklifts, earth movers, rock crushers, air compressors, generators and water tanks. The Singapore Government has set aside a large part of the waterfront to receive the war surplus. In return, Singapore has the right to first purchase of anything it wants, at the current market value. It is estimated that a third of the sales so far have been to government owned companies in Singapore. American firms are also buying.. but with an eye to reselling the surplus at a profit. The United States Army plans to hold about twenty sales in Smaller sales will be held in Subic Bay, in the Philiy???ines and in Taiwan
https://www.britishpathe.com/video/...S-ARMY-SURPLUS-FINDS-READY-MARKET/query/FINDS
