Who is lying - $8 Khaw or his HDB?

[Confuseous]

The HDB does not deny this. Its statement acknowledges that "housing is lower than what it could have been priced, were it set aside for private housing, and released competitively through land sales programmes."

It is an admission that HDB makes money, albeit less than if the land were to be sold "competitively" -- that is, to private developers.

And yet, in a recent dialogue session with Singaporeans, National Development Minister Mr Khaw Boon Wan said that the HDB lost hundreds of millions dollars every year providing flats for the people.

This seems hard to believe. Singaporeans are spending most of their CPF savings on their HDB mortgages and the Government is making a profit selling land for public housing. Yet, Mr Khaw claims that the HDB is losing hundreds of millions of dollars each year. If this is true, then one can only conclude that the housing system is run in a highly inefficient and, worse, unsustainable manner.

- http://yoursdp.org/news/2013-06-28-5627

 

[YanDao]

How can you expect to take a man who claimed he had heart bypass for a mere $8 seriously?

The HDB does not deny this. Its statement acknowledges that "housing is lower than what it could have been priced, were it set aside for private housing, and released competitively through land sales programmes."

It is an admission that HDB makes money, albeit less than if the land were to be sold "competitively" -- that is, to private developers.

And yet, in a recent dialogue session with Singaporeans, National Development Minister Mr Khaw Boon Wan said that the HDB lost hundreds of millions dollars every year providing flats for the people.

This seems hard to believe. Singaporeans are spending most of their CPF savings on their HDB mortgages and the Government is making a profit selling land for public housing. Yet, Mr Khaw claims that the HDB is losing hundreds of millions of dollars each year. If this is true, then one can only conclude that the housing system is run in a highly inefficient and, worse, unsustainable manner.

- http://yoursdp.org/news/2013-06-28-5627

 

[halsey02]

How can you expect to take a man who claimed he had heart bypass for a mere $8 seriously?

What do you expect from a person that originates from a land, in which "bohong" is second nature??:p

 

[YanDao]

hahahahaha. Exactly!

What do you expect from a person that originates from a land, in which "bohong" is second nature??:p

 

[I_Hate_Pappies]

The HDB does not deny this. Its statement acknowledges that "housing is lower than what it could have been priced, were it set aside for private housing, and released competitively through land sales programmes."

It is an admission that HDB makes money, albeit less than if the land were to be sold "competitively" -- that is, to private developers.

And yet, in a recent dialogue session with Singaporeans, National Development Minister Mr Khaw Boon Wan said that the HDB lost hundreds of millions dollars every year providing flats for the people.

This seems hard to believe. Singaporeans are spending most of their CPF savings on their HDB mortgages and the Government is making a profit selling land for public housing. Yet, Mr Khaw claims that the HDB is losing hundreds of millions of dollars each year. If this is true, then one can only conclude that the housing system is run in a highly inefficient and, worse, unsustainable manner.

- http://yoursdp.org/news/2013-06-28-5627

He heads the Ministry which is losing hundreds of millions each year. And he is paid millions?

 

[halsey02]

He heads the Ministry which is losing hundreds of millions each year. And he is paid millions?

He is costly that is why they are loosing millions...they will make even more money, when they replace him with cheaper, better, faster one..

 

[melzp]

if HDB are losing Millions, why are they building fast n furious like nobody's bizness
in any available land parcel esp in Yishun, etc???? To recoup losses or to meet
the 6.9 million?

 

[I_Hate_Pappies]

He is costly that is why they are loosing millions...they will make even more money, when they replace him with cheaper, better, faster one..

Best part is he's like machiam very proud of it. Keeps mentioning it in the media.
Draft sinkies will thank him for that. :oIo:

 

[Poomer]

Best part is he's like machiam very proud of it. Keeps mentioning it in the media.
Draft sinkies will thank him for that. :oIo:

Or else how to justify his million dollar salary, and assorted directorships.

 

[Kuailan]

The HDB does not deny this. Its statement acknowledges that "housing is lower than what it could have been priced, were it set aside for private housing, and released competitively through land sales programmes."

It is an admission that HDB makes money, albeit less than if the land were to be sold "competitively" -- that is, to private developers.

And yet, in a recent dialogue session with Singaporeans, National Development Minister Mr Khaw Boon Wan said that the HDB lost hundreds of millions dollars every year providing flats for the people.

This seems hard to believe. Singaporeans are spending most of their CPF savings on their HDB mortgages and the Government is making a profit selling land for public housing. Yet, Mr Khaw claims that the HDB is losing hundreds of millions of dollars each year. If this is true, then one can only conclude that the housing system is run in a highly inefficient and, worse, unsustainable manner.

- http://yoursdp.org/news/2013-06-28-5627

When $8.00 minister cow said HDB lose money its b'cos instead of selling a 5 rooms for $600K they sold at $550K
so u believe in the $8.00 cow ?? they still make tons of money!

So please $8.00 cow don't come here and bull shit to Sinkieporean, go Penang Bull shit they probably believe you!
you re no difference from the Mabok minister!

Pay million to Bull shit and talk cock!

 

[Dark Knight]

Anyone who is good in estimating the price of building a 4-room and 5-room unit alone will know that it's impossible to cost a few hundred thousands.
Over the years, Sillypore gahbrament has involved in a lot of "day light robbery" legally.
Selling property in a "monopolized market" is always one of the best way to generate revenue for them.

 

[tanakow]

I only remember KBW said no means test before the election and immediately implemented it after the election.

 

[ginfreely]

I only remember KBW said no means test before the election and immediately implemented it after the election.

Besides implementing means testing, he is also the one who did these things:
- delayed the construction of Jurong hospital
- ask people to go JB nursing home
- said HDB is not getting smaller

But he is still perceived as a better one than the rest. Why - is it becos he talk buddhist?

 

[ILovePAP]

No one is lying. Oppo supporters are delusional

 

[SamSeng]

Best part is he's like machiam very proud of it. Keeps mentioning it in the media.
Draft sinkies will thank him for that. :oIo:

Recently a lot of horse face emerged.

 

[Confuseous]

Besides implementing means testing, he is also the one who did these things:
- delayed the construction of Jurong hospital
- ask people to go JB nursing home - said HDB is not getting smaller

But he is still perceived as a better one than the rest. Why - is it becos he talk buddhist?

Don't forget those $2,200 bicycles too - there were hint of corruption on the part of the director or something. The Sounds of Silence prevail again.

 

[Orion]

There no health insurance that cost 8 dollar for surgury. Unless that is government medical benefits or the person actually spend like 100 000 or more on health insurance every year already.

As for HDB.....which idiot believe cost of building a flat using 3rd world labor can exceed first world country.

 

[halsey02]

No one is lying. Oppo supporters are delusional

If the government don't lie I worry...come off it!...we live here, we die here, how delusional can we get......even the opposition vote the PAP..

 

[SexOClock]

Anyone in the house still believes in them is a fool.

 

[ILovePAP]

PAP NEVER LIE. its not our style!