1fast1 Supersonic September 10, 2022 Share September 10, 2022 On 9/5/2022 at 4:30 PM, Throttle2 said: Its people like me (taxpayer) who are not allowed to buy hdbs that pay the true price of all this losses lah. Those who can buy and got grants to buy, benefit big big Sshhh... the pain we feel, neither you nor I not @Vratenza can speak too openly of, except maybe on this forum. 😁 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Kklim Supercharged September 25, 2022 Share September 25, 2022 At the least, it recovers the costs for building flats: Land acquisition, clearing, water & sewage pipe network, electricity grid, staff and project & contract management, admin, actual construction 1 Link to post Share on other sites More sharing options...
yishunite Turbocharged September 25, 2022 Share September 25, 2022 24 minutes ago, Kklim said: At the least, it recovers the costs for building flats: Land acquisition, clearing, water & sewage pipe network, electricity grid, staff and project & contract management, admin, actual construction But in HDB definition cost = opportunity cost i.e. what it could earn if it sold to private developer for housing FTs 2 Link to post Share on other sites More sharing options...
yishunite Turbocharged October 4, 2022 Share October 4, 2022 (edited) Hdb reveal how much loss they make! https://www.channelnewsasia.com/singapore/hdb-270-million-loss-central-weave-amk-bto-2985301 But wait... loss of $250m for land... but who bought any land? Its only 99 year lease end of the lease HDB can claim it all back no? My maths no pee haych dee wan can someone explain P.s. is hdb saying they should actually be selling the land to private market instead of public so they dont make so much loss? Edited October 4, 2022 by yishunite 1 1 Link to post Share on other sites More sharing options...
inlinesix Supersonic October 4, 2022 Share October 4, 2022 3 minutes ago, yishunite said: Hdb reveal how much loss they make! https://www.channelnewsasia.com/singapore/hdb-270-million-loss-central-weave-amk-bto-2985301 But wait... loss of $250m for land... but who bought any land? Its only 99 year lease end of the lease HDB can claim it all back no? My maths no pee haych dee wan can someone explain P.s. is hdb saying they should actually be selling the land to private market instead of public so they dont make so much loss? HDB bought the land at $500m from SLA. But HDB can sell at $50/sq ft. 2 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic October 4, 2022 Share October 4, 2022 (edited) https://www.todayonline.com/singapore/bto-flats-still-affordable-based-govt-benchmarks-despite-high-demand-and-rising-hdb-resale-prices-desmond-lee-2010566 "We understand the concerns about housing affordability, and have therefore been carefully monitoring the housing market," said Mr Lee, as he stressed that the Government is committed to keeping public housing affordable and accessible. 🤣🤣🤣 Don’t the word ‘monitoring’ sounds familiar? Edited October 4, 2022 by Fcw75 1 3 Link to post Share on other sites More sharing options...
yishunite Turbocharged October 4, 2022 Share October 4, 2022 (edited) 22 minutes ago, inlinesix said: HDB bought the land at $500m from SLA. But HDB can sell at $50/sq ft. So is it SLA driving land price up? Or private market? Who is the bad guy we should whack if its not HDB who is driving all these land prices thru the roof I mean last time when flats sell for $200k HDB also make so much loss ah? Edited October 4, 2022 by yishunite Link to post Share on other sites More sharing options...
inlinesix Supersonic October 4, 2022 Share October 4, 2022 Just now, yishunite said: So is it SLA driving land price up? Or private market? Who is the bad guy we should whack if its not HDB who is driving all these land prices thru the roof $500m is market price of the land. On Govt consolidated FS, there is gain on sales of HDB. Link to post Share on other sites More sharing options...
Eyke Supercharged October 4, 2022 Share October 4, 2022 only the ignorant can't see this is just left-pocket-to-right-pocket 1 7 Link to post Share on other sites More sharing options...
Mkl22 Twincharged October 4, 2022 Share October 4, 2022 Best way to describe is unicorn shit Something so ridiculous that you can't even call it bulls**t This is unicorn shit! 4 Link to post Share on other sites More sharing options...
Atonchia Supersonic October 4, 2022 Share October 4, 2022 15 minutes ago, Fcw75 said: https://www.todayonline.com/singapore/bto-flats-still-affordable-based-govt-benchmarks-despite-high-demand-and-rising-hdb-resale-prices-desmond-lee-2010566 "We understand the concerns about housing affordability, and have therefore been carefully monitoring the housing market," said Mr Lee, as he stressed that the Government is committed to keeping public housing affordable and accessible. 🤣🤣🤣 Don’t the word ‘monitoring’ sounds familiar? Monitoring meant 隔岸观火 : watching the fire from opposite bank....😅 Taking a watch and see attitude towards someone misfortune. Actually monitoring is a level higher than watching. Watching is only for self consumption. Monitoring is self consumption+ documenting it. 4 Link to post Share on other sites More sharing options...
inlinesix Supersonic October 4, 2022 Share October 4, 2022 8 minutes ago, Atonchia said: Monitoring meant 隔岸观火 : watching the fire from opposite bank....😅 Taking a watch and see attitude towards someone misfortune. Actually monitoring is a level higher than watching. Watching is only for self consumption. Monitoring is self consumption+ documenting it. Bro, Your BS 👍🏻 2 Link to post Share on other sites More sharing options...
Jellandross Supersonic October 4, 2022 Author Share October 4, 2022 53 minutes ago, yishunite said: Hdb reveal how much loss they make! https://www.channelnewsasia.com/singapore/hdb-270-million-loss-central-weave-amk-bto-2985301 But wait... loss of $250m for land... but who bought any land? Its only 99 year lease end of the lease HDB can claim it all back no? My maths no pee haych dee wan can someone explain P.s. is hdb saying they should actually be selling the land to private market instead of public so they dont make so much loss? My friend bought a magic rock from his daddy for $1M. He want to sell the rock to me for $500K. He claim he don't mind losing $500K because I'm his BFF. Should I buy the magic rock? 2 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic October 4, 2022 Share October 4, 2022 Some will simply believe whatever the almighty PAP say. Any BS. Once again… 3 Link to post Share on other sites More sharing options...
inlinesix Supersonic October 4, 2022 Share October 4, 2022 4 minutes ago, Jellandross said: My friend bought a magic rock from his daddy for $1M. He want to sell the rock to me for $500K. He claim he don't mind losing $500K because I'm his BFF. Should I buy the magic rock? Your example got problem la. Grandfather sell Flat to father at $500k. Father sell to son at $250k. Even though Father looks like lost $250k, there is a gain of $500k. 2 Link to post Share on other sites More sharing options...
inlinesix Supersonic October 4, 2022 Share October 4, 2022 28 minutes ago, Mkl22 said: Best way to describe is unicorn shit Something so ridiculous that you can't even call it bulls**t This is unicorn shit! 7 minutes ago, Fcw75 said: Some will simply believe whatever the almighty PAP say. Any BS. Once again… This is why Oppo never succeed in Singapore. Link to post Share on other sites More sharing options...
Atonchia Supersonic October 4, 2022 Share October 4, 2022 (edited) 40 minutes ago, inlinesix said: Bro, Your BS 👍🏻 Thanks bro! 🤣🤣 I still one level lower than Mkl22 Unicorn shxt🤣 Now if I ever see rainbow ice cream.... It will never be the same again Forgot to add. Watching is like monitoring the opposite bank currency exchange rate..... Then if pass 3.3 times many sure change more.😅 Edited October 4, 2022 by Atonchia 1 Link to post Share on other sites More sharing options...
Atonchia Supersonic October 4, 2022 Share October 4, 2022 (edited) 27 minutes ago, Jellandross said: My friend bought a magic rock from his daddy for $1M. He want to sell the rock to me for $500K. He claim he don't mind losing $500K because I'm his BFF. Should I buy the magic rock? Of course. His Dad must be a Master Illusionist Then he is half his Dad skillset. If you continue to support your friend, he will eventually attain his Dad level. Then you get to keep the rock and boast that it's pass on from 2 master illusionists. Then sell for 4 million.🤣 Disclaimer: ....... Caveat:....... Plenty are holding to their rock waiting to sell at 4m too. Edited October 4, 2022 by Atonchia ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Properties info
Properties info
Renovation budget that blows your mind
Renovation budget that blows your mind
Hdb flat renovation
Hdb flat renovation
Will my HDB flat be worth $0 when the lease expires?
Will my HDB flat be worth $0 when the lease expires?
First-timers must select BTO flats when invited by HDB or lose priority for a year from August launch
First-timers must select BTO flats when invited by HDB or lose priority for a year from August launch
BudgetMealGoWhere Portal
BudgetMealGoWhere Portal
3 surprising upcoming changes that may affect property prices and en-bloc in 2023.
3 surprising upcoming changes that may affect property prices and en-bloc in 2023.