no wonder so many talents exist, they do not support opposition
although the need for opposition is too clear and obvious.
how much is cost of building a HDB flat?
How much is subsidy?
Why flat so expensive?
Why 2 billion deficit in a monopoly?
While Philip Jeyaretnam joins the Public Service Commission to
serve the interests of Singapore, his brother - ‘Kenneth
Jeyaretnam - Double First Class Economist from Cambridge
University’ (*1) continues with the work of their
late-father - to develop democracy,
accountability, transparency and inclusion with ‘The Reform Party’
(*2)
With regards to the cost of building a HDB flat - did you miss
out the discussions in an earlier thread in this Speaker's Corner
?
‘Cost
of building HDB flats – finally an answer ?
(*3)
The following details was extracted from a
‘ChannelnewsAsia Report (*4) :-
SGX
mainboard-listed BBR secures S$104.2m HDB
contract
By Jonathan Peeris, Channel NewsAsia | Posted: 17 August 2009 1511
hrs
Singapore Exchange’s
mainboard-listed BBR Holdings has secured a S$104.2-million
contract from the Housing & Development Board (HDB) to build
seven blocks of flats in Yishun Neighbourhood 4.
The work comprises 864 homes, a
Child Care Centre, a roof garden, communal amenities and site
works, as well as contingency works.
Since there will be 864 HDB flats, the average cost per flat,
inclusive of communal amenities, site works and contingency works,
is about $120,602 ($104.2 million divided by 864 flats).
With the latest HDB new 4-room flats at Punggol (Punggol
Residences BTO) selling at an average price of $293,000 (price
range of $264,000 to $322,000 divided by 2), does it mean that the
HDB stands to make a profit of about $172,398 per flat, or a profit
margin of about 143 per cent?
The project will be carried out in 10 phases and is expected to
be completed by 2012.