Why does HDB mark up prices of 3- to 5-room flats so high?

[ChaoPappyPoodle]

SkyPeak @ Bukit Batok

http://esales.hdb.gov.sg/hdbvsf/eampu03p.nsf/0/13MARBTOBB_page_1829/$file/about1.htm

Assuming internal floor area of 45 sqm for 2-room flat and selling at $117K, 1 sqm sells for $2600.

3-room flat internal floor area is 65 sqm, should be selling at $2600 * 65 = $169K. But they are selling at minimum of $209K, which is an additional profit of $40K.

4-room flat internal floor area is 90 sqm, should be selling at $2600 * 90 = $234K. But they are selling at minimum of $294K, which is an additional profit of $60K.

5-room flat internal floor area is 110 sqm, should be selling at $2600 * 110 = $286K. But they are selling at minimum of $411K, which is an additional profit of $125K.

This is crazy pricing.

ANother son of a sinkified bitch finally woke up from sleeping and still got it wrong. CHeebye kia the flats cost 50K to build on average. You stupid mother fucking moron. You pay so much for something and you still dont look at the cost of building it from your own fucking government that has been fleecing you and your parents for years. You and your useless family deserve to pay thripple in the future,

 

[Equalisation]

because they fail in their arithmetics ?

 

[laksaboy]

Profiteering mah... but still 'affordable'.

Let's not even look at HDB flats. Look at cable tv in Malaysia and Thailand. The price and variety there, as compared to here.

Familee Inc. loves to squeeze blood from a stone.

 

[50000]

Huat ah!!!!!!!

 

[Crane]

Compared to Hong Kong, Singapore property still cheap.

 

[zhihau]

Compared to Hong Kong, Singapore property still cheap.

do folks in Hong Kong have a higher disposable income?

 

[Kuailan]

CPF stands for Continuous Punting Fund, one day we wake up & find ourselves in a "Cyprus" crises, our CPF is almost zero & they charge you 10% tax to withdraw, or they offer you 30 year bonds with coupons at 2.5% rate.

Its now almost ZERO already hello! wake up!! wHoRe JiNx took all the money and punt it and loose big time!
never mind! old man said it's an honest mistake!! but it cost one shot USD$500,000.00!!!!
CPF = Corrupt Punt Fund pay out to retirees age keep on going up from 55yrs to 60yrs to 65 yrs NOW
67 yrs...so the FamiLee increased the age dosage so hopefully u die before u could withdraw the money !
right? FamiLee?

 

[halsey02]

Its now almost ZERO already hello! wake up!! wHoRe JiNx took all the money and punt it and loose big time!
never mind! old man said it's an honest mistake!! but it cost one shot USD$500,000.00!!!!
CPF = Corrupt Punt Fund pay out to retirees age keep on going up from 55yrs to 60yrs to 65 yrs NOW
67 yrs...so the FamiLee increased the age dosage so hopefully u die before u could withdraw the money !
right? FamiLee?

That is what I am worrying about, the reserves maybe empty, we are living on borrowed time, the withdrawal age will be raised to 89, citing an example of one "old leaf" who is still WORKING!

 

[johnny333]

That is what I am worrying about, the reserves maybe empty, we are living on borrowed time, the withdrawal age will be raised to 89, citing an example of one "old leaf" who is still WORKING!

I have also heard whispers that all the $$$ they squeeze out of Sporeans is to patch up the holes in the accounts book. If this is true expect the PAP to squeeze more if they think they will lose control of parliament.

 

[ChaoPappyPoodle]

Compared to Hong Kong, Singapore property still cheap.

And compared to Einstein you are an idiot! So what's your point? :oIo:

 

[Hawkeye1819]

ANother son of a sinkified bitch finally woke up from sleeping and still got it wrong. CHeebye kia the flats cost 50K to build on average. You stupid mother fucking moron. You pay so much for something and you still dont look at the cost of building it from your own fucking government that has been fleecing you and your parents for years. You and your useless family deserve to pay thripple in the future,

Yes the cost of construction is everything. It tells us how much profit the govt is making.

 

[kryonlight]

the flats cost 50K to build on average.

Of course, they should already be making money on the 2-room flat, that's why I use the term "additional profit".

 

[Logic]

We are back to affordable housing, back to the basics.

Basically, if you can afford, then buy, its affordable, if not can go Changi Beach and set up a tent. There is no compassion when you are drawing more than $1 a year as Mini-ster, how else can you justify your salary

 

[escher]

We are back to affordable housing, back to the basics.

Basically, if you can afford, then buy, its affordable, if not can go Changi Beach and set up a tent. There is no compassion when you are drawing more than $1 a year as Mini-ster, how else can you justify your salary

Every time that word affordable is evoked, you know you been fucking screwed to high heaven.

Do not take my word.

Just watch it being said whenever maggots in white and shitsmear on sole of shoe LKY want to fuck and screw you, they always tell you it is affordable.

They felt sunkaporeans are fucking fools that they can lie to and lie to again and again.

hmmmm....... but then, who kept voting those cockroaches in white in again and again?