Garmen say selling HDB at LOSS to PEANUTS...YOU BELIEVE?

[Puffer_fish]

WHEN pricing an HDB flat, costs are not taken into account. Its price is based on what the flat is worth at the point of purchase.

Calling it a market-based approach, National Development Minister Mah Bow Tan said it was the fairest way of pricing new flats.

 

'It reflects what the flat is worth at the point of purchase, which may have no relation to what it cost to build,' he added.

 

Mr Mah gave this response in Parliament yesterday to Mr Liang Eng Hwa (Holland-Bukit Panjang GRC) who had asked if the Government would consider pricing flats according to costs.

 

The minister also said that as the HDB did not take into account costs, its building programme suffered losses of $530 million a year over the last three years.

 

Mr Mah said a typical four-room flat in Sengkang costs more than $300,000 to build. This is above the $200,000 to $260,000 price at which HDB sells it.

 

He noted that there were concerns over the high prices of premium flats like the Pinnacle@Duxton, with prices ranging from $457,000 to $645,000.

 

But the prices reflected the value of the flats, which are located in Tanjong Pagar. For every one unit on sale, seven people want to buy it, said Mr Mah.

 

It shows people are willing to pay for flats with good value, he added.

 

http://www.straitstimes.com/Breaking+News/...ory_303979.html

[Puffer_fish]

SO THE SALARY OF UNCLE MARS WAS WINNING FROM GAMBLING OF TOTO AND 4D????

Edited November 19, 2008 by Puffer_fish

[Speddevil]

All kind of crabs...

[Nutty]

Joke of the year

 

Thanks for the entertainment. No wonder Marlboro = cigarettes = good at smoke out...

[Kingcopa]

Who is he trying to kid? His fellow comrades in whites?????? They actually believe the craps he spout.......... Like that lim pei also can be MP liao. Just ask qns n then accept whatever craps ans given

[Speddevil]

Welcome aboard to the cabinet

[Xefera]

So this guy is saying, using a flat with 17 floors and 8 units on average per floor as example.

 

$300,000 * 17 * 8 = $40.8m

 

Can someone who is familiar in building costing gives their opinion if this is a true reflection based on current markets material costs?

 

Is it then a problem with the tendering process where MND could have been chopped carrot and paying out extras and passing these burdens to future flat owners?

[Puffer_fish]

uncle ...HDB building contract always given to LOWEST BIDDER...what is left to chop? KUKU JIAO

[Shull]

tsk tsk..builders price fixing?

[Whitemondeo]

Let me know... I will vote for you!

 

Don't worry! you will not be held accountable for any mistake/ mis-judgement.

[Shull]

if i'm in pramlee tree..and studying social studies..maybe i will believe..

[Xefera]

Bro, to be in the cabinet one needs to be a minister lah. That time can 'Call Wind Make Rain' already Powerful siah

[Kingcopa]

Pls lor i dun think i have heard any HDB project with such contract amt Dun forget the lowest bidders win the job. After getting the job, the contractors kena chop jialat jialat somemore. HDB HQ in TPY so beautiful, whr all the $$$ come from.

 

Know someone doing QS in HDB, told me building cost goes up due to materials cost, i tell her, so do HDB prices so HDB where got affected

[Getzoooom]

So there are yellow box in parliament..

 

"Smoking Zone"

[Kingcopa]

Kum Sia Kum Sia, i dun think my crapping skill is any where lower than MBT. In fact i think i can crap more than him n the rest of his gangs

[Xefera]

Could this be a ripple effect from the 'Golden Handshake' offered to ex-HDB employees who jumped on the HDB privatized wagon?

[Lv3338]

4 room flat 25 years ago at bukit purmei was only selling at $89,000. So i'm sure the cost is definitely < $89K.

 

why a change of cost is so huge? more > $300K...at sengkang...

 

got cow blowing or not?

[Speddevil]

but must call the correct wind & rain