Is HDB being truthful about carpark operating losses ?

Atobe SG

In a new attempt by HDB to increase car park charges, HDB had claimed that they are suffering losses operating the various HDB carparks facilities.

Despite a Straits Times reader criticism that HDB has a larger mass of carparks that allow HDB to enjoy "economies of scale" that URA do not have, HDB replied that the carparks provided in HDB estates cannot be compared with the carparks operated by URA.

Even in 2002, HDB had claimed of losses and had asked (and received) an approval for an 11% increase car park charges.

Surprisingly a Business Times report, in 2002, had contradicted HDB's claim and showed that HDB had made profit of S$91 MILLION for 1999-2000, and S$87 MILLION for 2000-2001 - (both after deducting interest to the Government).

HDB is now seeking approval for another increase in Parking Charges - is it justifiable ?

Business Times Report - 2002
http://www.singapore-window.org/sw02/020528bt.htm

Joshua1975 SG

no... within 1 year all will be back...

Laughing but now i think is because more ppl scrape car than buy car... whatever... how can carpark making losses?

mah boh tan trying to score again.... everywhere he go, he will have ideas of making money.... LTA was his best and with HDB, he have window inspection fee, poperty tax up... with the latest new buy HDB unit policy...

i notice he is getting shorter...

dragg SG

it is not uncommon to see near empty multi-story carparks at neighbourhoods. i believe they belong to HDB!!!

OH-FF SG

Doesn't the Carpark comes with the availability of the HDB ? Somemore we have to pay extra for using it per month.

If we have to purchase landed property on lease, we could park 2 or more without paying extra.

The power of the Pay and Pay monopoly!!! Evil or Very Mad

sbst275 SG

See how they allocate SP lots and HP lots

LazerLordz SG

Independant audit? Laughing Twisted Evil

dragg SG

another petition?

sbst275 SG

Forget it...

It is not that govt holding power for too long... It is all those planners that are trying to be funny... Because they fear ppl complain not enough SP lots

sbst275 SG

It seems this would the next target Straits Times would be attacking...

Fare hike, they gave untruth info... NKF, still not enough aft now, even govt have warned them indirectly...

Meia Gisborn SG

Of course it's justified! How else would the government get the money to pay the million-dollar salaries of its ministers?

MG

dragg SG

good answer.

ShutterBug SG

Well, let me say that TRUTHS, are often a mixture of black and white. Especially here in S'pore.

So it's now a matter of which kind of TRUTHS, are you expecting?

Cindyfeh SG

O, by the way, another advantage of migrating. You can get your OWN personal parking lot and you pay only once for it!

Someone was mentioning that tax in Singapore is very low. Yes, on the surface it is but this carpark lot payment is another good example of an alternative tax.

robertteh SG

To be transparent and upfront with citizen stakeholder citizens of Singapore, HDB can surely tell us a bit more such as the following:-

(1) New lands acquired under Land Acquisition Act - does the HDB transfer ownership to the State Land office with profits being the difference between the acquired costs and market price of the land written down or transferred to the Consolidated Account of the government?

(2) Is it true that the lands after transfer to state land is then purchased by HDB from the State Land office at the prevailing market price and HDB then uses this market price to cost the selling price of HDB flats claiming in the process subsidy being made to HDB flat purchasers conveniently forgetting the profit transfer to Consolidated Account

(3) CAR PARK LAND - Is the car park land separated from transfer to state land office under (1) and (2)?

(4) If car park lands are separated from transfer to State Land or separately transferred and re-purchased back by HDB from State Land Office, how much were paid for these car park lands and how much profits were already transferred to Consolidated Account prior to HDB's re-purchase of car park lands.

If the above-stated information was not given or incorrectly given then it is obviously another can of worm like the NKF. Any proposals to increase car parking charges based on totally misleading information to public.