HDB shouldn't make tonnes of money by selling public housing

Seven_Dragon SG

Is it right for HDB to make tonnes of money by selling public housing?

Or they are right to squeeze money from citizens as they need to support their lorries of over-staff bums?

googoomuck SG

The cost of an HDB flat is artificially high. Yes, its the main reason why CPF is insufficient for many people to depend on for retirement.

I think people also fail to understand why after taking such large chunk of their retirement savings, the govt still impose so many indirect taxes upon them.

No accountability by the govt on how the money was utilized on public expenditure.

tripwire SG

go and study economics 101....

think... what if HDB sells houses cheap cheap on the market.. and its repercussion on the economy as well as the wealth of singaporeans.

Melvin Tan SG

Property prices cannot be artificially deflated but more subsidies can be given. The present grants can be improved.

However, the real earnings for the government come from the plot rather than the flats. HDB will show you red figures if you ask them Smile

Regards

gartheven2000 SG

Hi tripwire, i regretted not studying economics during my JC years. Am trying to read the text soon but i'm also very interested in your assertion abt negative repercussions, economic or otherwise, if houses are sold cheaply to Singaporeans.

Care to explain briefly? regards...