How HDB Flats are priced - issit right or not?

Joe Black SG · 2006-05-05T23:38:50+00:00

Should we also question how HDB flat had rose in the last 10-20years???

macjoe SG

Privatisation, dr. watson. Privatisation. It's all heading to privatisation where the big bucks are.

Idea

yoongf SG

It's a subsidy off the market price, not a subsidy off the cost price.

robertteh SG

It is funny GCT tonight has again accused Chiam See Tong as "misleading of the public" referring to Chiam's ability to upgrade all lifts in PP as misleading. On the other hand was he misleading the public when he claimed to be able to withold or delay estate lift upgrading (if ruling party candidate is not elected) from citizens who pay the same tax from the common fund of the government owned by all citizens in equal share.

Do residents of PP not have a right to know more about this infringement of their constitutional right?

So is GCT not behaving as dictator or "misleading the public"?

Is GCT able to confirm that Minister Mah is not misleading the public when telling people that HDB is subsidising the selling price of HDB flats when HDB itself actually revealed that its flat selling price is based on "% Income of 2 working adults and market value". There is no true subsidy at all as HDB is making monies as much as $14 billion over 12 years from 1990.

If GCT wants to accuse any one of misleading the public his own ministers should not be quilty of the same.

quotes SG

to say 14 billion is an understament, don’t forget HDB has to pay the “Land Authority” that’s why sometimes they say HBD earn “not much” is a half truth statement. Assume a unit make $100K times that with 500K units. This will be much more than 14 billion. Most of Govt revenue comes from here, rather than from income tax or gst.

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