Ho Ching wants everyone to own a HDB flat

[Angcheek]

cross 1 rd to YISHUN ......... wonder will have xiao lang or not 

@pChou ai mai ? 

[inlinesix]

5 hours ago, sgcarmart2019 said:

hdb is cheapest and most abundant type of housing in Singapore 

they already bleeding every year billions in order to support millions of Singaporeans to have housing 

if SLA don't sell them cheap land, which otherwise can sell to private developers for few times the price, what they going to do??? compete with pte developers FOR LH99 land? 

however, even the cheap land that SLA sell to hdb cant even cover their billions LOSSES 

shows that land is gold in Singapore 

no wonder people now rushing to buy pte properties (freehold especially), EVEN WITH ALL THE OBSCENE COOLING MEASURES 

the future land price (especially freehold) will be only UP UP UP TO THE SKY!!! 😂 

 

It depends on whether SLA capitalises its land based on cost or market value.

If at cost, where got loss

[inlinesix]

18 minutes ago, sgcarmart2019 said:

even if SLA sold land at 'cost' to HDB, HDB say they still making 2b deficit in terms of subsidies given to first timers

This statement is correct what.

It is the difference between mkt value and BTO price.

[Wt_know]

sell more ...lose money

sell less ... lose money

buy land at cost ... lose money

build at cost, sell at cost + % profit ... also lose money

such a lose lose lose money business

who is in the right mind to continue such business?

 

Edited October 26, 2019 by Wt_know

[inlinesix]

3 minutes ago, Wt_know said:

sell ...lose money

no sell ... lose money

buy land at cost ... lose money

build at cost, sell at cost + % profit ... also lose money

such a lose lose lose money business

who is in the right mind to continue such business?

 

CCB PxP

[Wt_know]

actually i am on deficit because my fees to my customer actually is at subsidised rate ...

market rate charge $100/hr and i charge $80/hr only ..

 why am i still kena tax where i am losing money annually?
 

 

[Voodooman]

On 10/24/2019 at 8:32 AM, Wt_know said:

if HDB sold out, HDB would have a LARGER deficit

if subsidy/grant $40K means lost $40K for that unit, if subsidy/grant $80K means lost $80K leh

the more units that HDB sell, the more LOST they iccur .... 

HDB better don't sell any unit ... LOL

Incur losses in paper but cashflow is very positive. 

[Wt_know]

cash overflow like yangtze river?

[Windwaver]

On 10/26/2019 at 11:23 AM, Wt_know said:

any BTO near MRT sure 3x oversubscribed and see who kena TOTO

Beside sea also and also beside sea AND MRT