Over $1 billion given to low-income to buy HDB flats

[lovesamleong]

http://www.straitstimes.com/breakin...er-1b-given-low-income-buy-hdb-flats-20130619

Over $1b given to low-income to buy HDB flats

HDB flats in construction. More than $1 billion in grants has been given out by the Government to help low-income households get on the property ladder by buying their first HDB flat. -- ST FILE PHOTO: SEAH KWANG PENG

By Daryl Chin Property Correspondent

MORE than $1 billion in grants has been given out by the Government to help low-income households get on the property ladder by buying their first HDB flat.

This has benefited close to 60,000 first-timer households since 2006, the Housing Board said in a statement to The Straits Times.

There are two types of HDB housing grants available to citizens who earn less and whose needs are seen as greater when it comes to securing a permanent roof over their heads.

For instance, the Additional Housing Grant (AHG), introduced in 2006, gives up to $40,000 if the applicant's household income is less than $1,500 a month.

 

[IamTiong]

HDB gives grant, which goes into your cpf, which then goes back to hdb for to pay for the flat. So technically never lose 1 billion, but lost the opportunity cost to earn that 1 billion.

Correct assessment?

 

[winnipegjets]

They raised the prices of HDB flats that will bring in additional $3 billion ...less $1 billion given as 'subsidy', government is still up $2 billion.

How many sinkees have been fooled by the PAP government over their obfuscating accounting?

 

[Cerebral]

I think Leong Sze Hien called their bluff a while back. The gist of his argument was;

- Chicken Rice Seller sell a plate at $2.
- He increases his price to $3 and gives you $0.40 rebate
- Keeps publishing about giving you this $0.40 grant for each plate he sells.

 

[Equalisation]

I think Leong Sze Hien called their bluff a while back. The gist of his argument was;

- Chicken Rice Seller sell a plate at $2.
- He increases his price to $3 and gives you $0.40 rebate
- Keeps publishing about giving you this $0.40 grant for each plate he sells.

Agree.

Complete kelingkia accounting !:oIo:

 

[jw5]

I think Leong Sze Hien called their bluff a while back. The gist of his argument was;

- Chicken Rice Seller sell a plate at $2.
- He increases his price to $3 and gives you $0.40 rebate
- Keeps publishing about giving you this $0.40 grant for each plate he sells.

They call this "market subsidy".

 

[spotter542]

Fuck Pappies :oIo: :oIo: :oIo:

 

[I_Hate_Pappies]

They call this "market subsidy".

Only the owner of this forum believe in these craps about SG Gabernment giving handouts and subsidies. :oIo:

 

[palden]

No wonder COE goes up. All the poor buying BMWs.

http://www.straitstimes.com/breakin...er-1b-given-low-income-buy-hdb-flats-20130619

Over $1b given to low-income to buy HDB flats

HDB flats in construction. More than $1 billion in grants has been given out by the Government to help low-income households get on the property ladder by buying their first HDB flat. -- ST FILE PHOTO: SEAH KWANG PENG

By Daryl Chin Property Correspondent

MORE than $1 billion in grants has been given out by the Government to help low-income households get on the property ladder by buying their first HDB flat.

This has benefited close to 60,000 first-timer households since 2006, the Housing Board said in a statement to The Straits Times.

There are two types of HDB housing grants available to citizens who earn less and whose needs are seen as greater when it comes to securing a permanent roof over their heads.

For instance, the Additional Housing Grant (AHG), introduced in 2006, gives up to $40,000 if the applicant's household income is less than $1,500 a month.

 

[escher]

I think Leong Sze Hien called their bluff a while back. The gist of his argument was;

- Chicken Rice Seller sell a plate at $2.
- He increases his price to $3 and gives you $0.40 rebate
- Keeps publishing about giving you this $0.40 grant for each plate he sells.

When you think of that smear of shit on sole of shoe LKY having in his Stinkapore sovereign funds 500??? 600???? 700???? BILLIONS OF OUR FUCKING MONEY.
That one miserable billion back is a fucking sick joke.

No one know how much LKY stole from us which is why I put 500??? 600??? 700??? billions

But when LKY eat joss sticks and candle wax, we all will know after we all do that giant YUM SENG YUM YUM YUM SENG