HDB able to produce cost breakdown chart in 1981 but not now

[oli9]

land is stateland is also public land, so there should be no cost becos the owner is HDB.

Stateland belongs to SLA, not HDB, no?

 

[kingrant]

Stateland belongs to SLA, not HDB, no?

Yes. SLA sells land to HDB, URA.

 

[oli9]

Yes. SLA sells land to HDB, URA.

If this is the case, its logical that HDB reported an all time billion dollar financial loss. How come no one scrutinise SLA's books? Im sure they must been making billions.

 

[methink]

Yes. SLA sells land to HDB, URA.

This GE, let's grill Mr Mah on this. Dun let him or the old man get away with some nonsensical issues.

 

[theDoors]

Yes. SLA sells land to HDB, URA.

Left pocket, right pocket.

 

[kingrant]

If this is the case, its logical that HDB reported an all time billion dollar financial loss. How come no one scrutinise SLA's books? Im sure they must been making billions.

Their argument is that HDB buys land from SLA at market prices for developed land and SLA acquires land at undeveloped prices.

 

[theDoors]

Why is HDB able to reveal breakdown cost of their flats publicly in 1981 and not now?
http://www.temasekreview.com/2010/0...981-and-not-now/comment-page-3/#comment-68118

How much profit should a government owned statutory board make?

What prices SLA (Singapore Land Authority)have been charging HDB for acquiring land use for building public housing to result in the so called 2 billion deficit?

From the huge HDB deficit, seems like it has been charging market rate for land prices?