Seriously, you believe what Shamu said? What if I told you there are actually 2 water agreements, one of which has already expired. What if I told you that in 2000 Old Goat flew to KL to negotiate unsuccessfully with Mahathir over the renewal of the water treaty. What if I told you that Mahathir wanted more money, Old Goat did not want to pay it and wanted a new treaty with longer expiration. What if I told you that mahathir was still pissed at Old Goat for the derogatory comments in made in the past about Malaysia (eg 1997 Old Goat called JB a "den of thieves"), and about the forced relocation of the train station from Tamjong Pagar. What if I told you that Old Goat and Mahathir have the 2 biggest egos in SE Asia and that their pride led to the failure of negotiations?
When u look in this context, it does not matter what the price of water is, the negotiations were doomed to failure from the outset.