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You believe HDB suffers a deficit of $2 billion ?
- Thread starter Man in the streets
- Start date
Does he check his Central Provident Fund money also everyday, like that Limp Sway Sway?, and is amazes how much there is?
How can a monopolist, who has ax extremely low cost land bank at their disposal,low development cost etc...looses S$2 billion. This is, what we call CREATIVE accounting; come 'erection', they will announce due to cost cutting measures, blah blah blah...they make a profit of S$200 billion.
I forgot blame you, 'lesser mortals' out there, taking up loan you cannot afford...now we loose money..PAY UP!! PAy Pay.....pay now...
If HDB lost $2B, then who profitted? SLA? Someone must have profitted from this scam.
Next question, is this paper loss or real loss?
And lastly, if losses is due to material procurement, then the procurement director should be sacked!!!! U mean cant get cheap materials from 2rd world nation?
Next question, is this paper loss or real loss?
And lastly, if losses is due to material procurement, then the procurement director should be sacked!!!! U mean cant get cheap materials from 2rd world nation?
hi there
1. bro, bingo!
2. yes, getting it right in the first place, show facts and figures on the loss!
3. talk is cheap.
4. what! in other word, sinkies flat are "sold" below par or what; that is why it is at a loss!
5. well, probably, reducing the salary of the mil-dollar person sitting at the top could easily help it to cut cost mah!
Just like how singapore's budget is easily in deficit because they intentionally leave out items:
http://courses.nus.edu.sg/course/ecstabey/Tilak JAE3.pdf
Two major items are excluded from the budget. One is receipt from the sale of land and
other capital goods. The volatile nature of these receipts is the reason for not considering them as a regular revenue
component. The other item is the net investment income (NII)3 generated by investing government reserves. As a
constitutional requirement, only up to 50% of the NII can be included in current revenues and the rest has to be
protected as past reserves.
So similarly it's easy for HDB to do all kinds of accounting tricks to hide as well.
Housing prices increased by 100% in 2 years.
HDB making record losses on that?
If Singaporeans believe it, they can believe ANYTHING!
And it gets worse...
Once all the capital receipts go into the reserves, they can be transferred out to GLCs...i.e. Temasek, GIC , as our constitution was amended to allow this hurriedly and without any parliamentary discussion recently.
And everyone knows how Temasek, GIC are doing.
So without any transparency and information disclosure, who knows what is REALLY GOING ON?
http://courses.nus.edu.sg/course/ecstabey/Tilak JAE3.pdf
Two major items are excluded from the budget. One is receipt from the sale of land and
other capital goods. The volatile nature of these receipts is the reason for not considering them as a regular revenue
component. The other item is the net investment income (NII)3 generated by investing government reserves. As a
constitutional requirement, only up to 50% of the NII can be included in current revenues and the rest has to be
protected as past reserves.
So similarly it's easy for HDB to do all kinds of accounting tricks to hide as well.
Housing prices increased by 100% in 2 years.
HDB making record losses on that?
If Singaporeans believe it, they can believe ANYTHING!
And it gets worse...
Once all the capital receipts go into the reserves, they can be transferred out to GLCs...i.e. Temasek, GIC , as our constitution was amended to allow this hurriedly and without any parliamentary discussion recently.
And everyone knows how Temasek, GIC are doing.
So without any transparency and information disclosure, who knows what is REALLY GOING ON?
Don't forget removal of non-existence land cost.
Yup that sounds just like them. Good one!
Yeah that sounds right, my guess is HDB pays SLA "market rate" for land and claims a loss on "subsidised flats sold". Thus the money is hidden in SLA coffers whose books not many are interested in.
SLA are also the same people who pay you $1 to take away your land to build MRT LRT and roads.
SLA are also the same people who pay you $1 to take away your land to build MRT LRT and roads.
2 billion deficit means future HDB 3 room flat can go up to 500K.
And so the resale flats can go up 300% ....
i think tis is the message from HDB.
jialat liao ! PAP supporters grandchildren can eat grass and sleep on the streets while PAP asholes here still finding assholes to fuck !
veri thank you 66%, you make the day for young generation !
And so the resale flats can go up 300% ....
i think tis is the message from HDB.
jialat liao ! PAP supporters grandchildren can eat grass and sleep on the streets while PAP asholes here still finding assholes to fuck !
veri thank you 66%, you make the day for young generation !
Just look at countries around us, singapore public houses are selling based on security which means buyers or leaseholders living in fear. So they pay big for security and not for the house !
So the high HDB price tag is becos of security ?
Big loss for HDB?
No , this is cause and effect !
Fake price will have a bad effect !
if the loss is true, then the HDB policy has failed big time !
40 billion lost compared to 2 billion, which is significant?
No wonder overseas people say majority local sporns are stupid under PAP, yes indeed !
So the high HDB price tag is becos of security ?
Big loss for HDB?
No , this is cause and effect !
Fake price will have a bad effect !
if the loss is true, then the HDB policy has failed big time !
40 billion lost compared to 2 billion, which is significant?
No wonder overseas people say majority local sporns are stupid under PAP, yes indeed !
:d:d:d
:d
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