HDB earns $200k for $300K-22 yr loan
It is certainly small wonder that the goons at Housing Mafia have a vested interest in high pigeonhole prices. They probably glee with joy when Minion Marboro gave them permission to stonewall if stupid local peasants asked for the real construction cost of pigeonholes.
A simple calculation will let stupid peasants see that a 300K loan with 22 year repayment will provide lots of $$$ to HDB goons.
And the best thing, like COE, pigeonholes are cash cows, stupid local peasants did not realised they are tenants in the flats! Dumbo local peasants certainly deserve a kick in their fat arses.
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