Actually for HDB,they would never make any money as the magical formula invejnted by you know who kicks in.

You see there is another outfit called SLA,Spore Land Authority which determines the value of the land they sell to HDB where the flats are up.

So the vale of land is variable,and solely determined by SLA,how to win?
The idea is to ensure that HDB does not make any cent and prove that PAP subsidize the poor and the middle class,a sure way to win votes and they sure do!

No way one can fight with the world class PAP propaganda PR(BS)machine!

They are there not for what they proclaimed what they are, they are being placed there to draw top salaries for only 1 reason, to protect the master of the ruling party. what else? everybody knows here in sg.

Do you think our Super Talented Ministers (who draw the salarys of the top earners in 6 professions) know all these statistics by heart? I doubt so, I think most will fall flat on their face when questioned about the statistics of the ministry they are running.

World class, 1st division my foot.

The scheme is attractive but later when all those sum you were owing will penalise you with heavier payment and in the end you have to give up your flat to HDB. Was there a tricked to recover the property by being helpful and later expecting the result to be surrendering the flat.

However, I was lucky enough to be accepted in the hope programme where my wife have to undergo ligation to received $ 50K top-up into her C.P.F and $ 9,000/- in cash award to recover from the confused stage I was in.

I must add to say that MCYS have help me a lot in recovering from my problem, such as upgrading fund of $ 5,000/- and its a credit to their scheme. They are thoughtful and caring in my case.

However, the balloon scheme is what I was not ready to accept after a huge payment was pressure on me. The HDB officer was reluctant to give a thought at first that my wife will received her ligation amount of $ 50K C.P.F top-up soon. However, they later agreed.

Here the reason for people are returning their flats are the one that is caught with the balloon scheme and have to return their flat for good. Perhaps HDB could explained how many of them have taken the scheme and was forced to return the flat would enlighten in this issues.

I have also seen alot of comments blaming the 66.6% who voted for PAP.
For goodness sake, don’t always put the blame on commoners and old folks.
a) You tell me actually how many percent of the voters voted for PAP taking into consideration there were so many GRC walkovers.
b) If the opposition is unable to put enough candidates to contest all constituencies and with so many walkovers who to blame.
c) If the opposition is able to form the next government, is there any guarantee that they can do a better job.

So please stop antagonising the common folks. Come out with a strong team then talk.

God knows! The accumulated total losses to date could have even eaten into our nation’s reserve. Ever you people notice why they are abnormally quiet this round and only sneaking out at time to talk rubbish or things that are not relevant, ever thought they did it deliberately just to divert the attention of the people?

If the local newpapers dare to report it ! Then i think a lot of these people who vote for our hand picked talented PAP will Get A Reality Check.

Don’t even want to mention failed AUD400 million invested in a daycare company in Aust that recently closed down.

It’s the fault of all you naive Singaporean that created the monster ONE Party problem in the first place, so live with it !

The repyament of loans is contingent on people being able to keep their jobs for long periods of time. With the kind of job markets and the government policies nowadays, many of these jobs are either non-existent or not matched to the skills of the workers. The government naturally accuse Singaporean for being choosy but at their age, many older Singaporean cannot find a moderate pay job. After looking for a job without finding a suitable one for some time, many become discouraged and are no longer counted as “working population” because they are not actively searching for a job (because there are few in the first place). So this explains why the unemployment rate is so low in the last few years. Basically, they are massaged out of the statistics. But they reappear in other statistics, such as failure to repay their HDB loans, foreclosure, etc.

Our private property market is now in a downturn. But the HDB resale flat market is still firm due to Permanent Resident buyers pushing up prices.

Thus, HDB’s pegging its new flat prices to similar resale flat market prices had resulted in prices of new flats and resale flats chasing each other in an upward spiral that is detrimental to buyers of both new and resale flats.

The Total Breakeven Cost of a new flat comprise Construction Cost(CC), Land Cost(LC) and Other Related Cost(ORC).

Its Pinnacle@Duxton project has 1,848 units cramped into 50-storey blocks occupying a small plot of land.

From available public tender information, the actual CC component is $150,000 per unit. The onus is now on HDB to publicly disclose the remaining LC and ORC components.

A quick estimate of LC plus ORC is around $80,000, leading to an estimated Total Breakeven Cost of $230,000 per flat.

When launched in 2004, average Selling Price was $370,000 (actual range: $288,000 to $450,000), which translates to an average profit to HDB of $140,000 per unit sold.

428 unsold units were recently relaunched at average Selling Price of $550,000 (actual range: $450,000 to $645,000), which is $180,000 higher than initial launch prices. This arose from the HDB “market-based” pricing approach as market prices of similar resale flats in the vicinity were between $593,000 to $670,000.

the Prices of Rice have fallen and Indonesia has 1.5 million tons for export.

UNFORTUNATELY STORAGE FEES FOR RICE IN SINGAPORE IS HIGH NOW AND THEREFORE THE PRICE OF RICE HAVE NOT BEEN ABLE TO COME DOWN(as it should).

SEE THE EXCUSE? HOW?

patriot

The land is purchased by the government, and remains under the government’s possession throughout, and even after the end of the lease period.

Effectively, we have been made to pay for the purchase, as well as rental, of the land both at the same time.

…..I dont think, they would reveal the true cost, it could have very serious implications…..

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Assuming the above is true, for the purpose of discussion,
I feel that we need to know what are ‘the serious implications’ and to whom this is a serious implication?
The only thing we need to understand is, should there be transparency on the cost of HDB, your roof over your top. Basic need level 1 in maslow hierarchy. If HDB is fully privatised and no link to the u-kno-who, then would things be different? Now, the interesting question : Is there a clear reason for non-transparency ? If so, let it be known. If not, let it be known.

Oh, I kaypoh again. Our PEOPLE’s REPRESENTATIVES would surely help us find out the answer? And there you have it.

What is REALity?

I am not including electrical,tiles, toilet bowls etc. But i figure that, it cost less than 50k for a 5 room flat. Cost could have changed since then. All u need to do is check the prices of cement per ton and guess it from there. I am excluding labour cost to intall the fabrication.

I dont think, they would reveal the true cost, it could have very serious implications.