Think PAP is doing a good job of HDB? Think again.

[birdie69]

Common sense tells you that is impossible when land belongs to the Gov. The only cost involved is building cost and there is no way HDB is making losses selling at these prices even if they heavily inflate all other indirect costs.

If this the truth and HDB is making so much profit, then why our government still claims that there is heavy subsidy on the HDB flats sold to us?
Then why should we pay levy yo the government when the flat is sold?

 

[Boliao]

Maybe when we get some transparency on how GIC/ Temasek operates, we may truly understand how HDB calculates cost/ losses. Ask your construction friend, you'll realised that true cost of building a HDB 5-room unit is less than $50k.

 

[Boliao]

In Shanghai, prime district condominium with 50/70 years lease are going for less than RMB$500k. Mind you that unlike Singapore, China automatically extends its leasehold at the end of the term.