Jee Say: 14% of HDB Cost Is Construction! 86% Is Land Cost!!

[JohnTan]

"Only 14% of HDB cost is construction, the rest comes from land ... and you pay for it": SingFirst candidate Tan Jee Say in his rally speech on Monday.

 

[mojito]

A poor analogy. The PAP simply have a good head for business. One block 12 storeys can sell more, or three blocks 40 storeys can make more money?

 

[JohnTan]

A poor analogy. The PAP simply have a good head for business. One block 12 storeys can sell more, or three blocks 40 storeys can make more money?

PAP had already stated for the record that the government is losing money hand-over-fist building and subsidizing HDB flats for sinkies. It's high time to make sinkies pay the full cost of public housing before our reserves get emptied by greedy and stupid sinkies.

PAP, please end the populist policy of giving HDB grants to first-time buyer sinkies. It's hurting the national balance sheet.

 

[mojito]

PAP had already stated for the record that the government is losing money hand-over-fist building and subsidizing HDB flats for sinkies. It's high time to make sinkies pay the full cost of public housing before our reserves get emptied by greedy and stupid sinkies.

PAP, please end the populist policy of giving HDB grants to first-time buyer sinkies. It's hurting the national balance sheet.

No no. Khaw said HDB losing money. But he didn't say SLA making big bucks selling state land to HDB and private developers. Teehee!