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

[Chongster]

have you asked your dad for his professional opinion on how much each flat cost? help us out leh, if not we all groping in the dark.

[Tanjkp]

Remember along the lines the contractor signed paper not to reveal costs ?

 

What Mah talked was a bit B**S**t. Most of the time the cost of the land was not true (as they always put land at market $$ which they did not pay for it)..

 

There was once a tender was awarded and fig came out as $50k/unit which they did not want to elaborate. (that was just in yr 200X not in the 90s)

 

The new flats of present days are just being given with small token of discount as compare to resale market price.

 

Otherwise, how you think they can get so much $$ to lose in LB investment ? Somemore said is small amt oni.

Edited November 21, 2008 by Tanjkp

[Speeddemon]

Well technically it may be fairer to those who do not drive if you do not include the cost of the carpark....but thats how HDB awards their contracts at the moment...I'm just basically cutting and pasting the figures here...

 

And if you really think about it...it makes more sense to tender out the contracts in one lump sum for the blocks together with the carpark...doesnt make sense to separate the two as they will then have to call for another separate tender...

[Eyke]

Think the so called $300,000 cost to build a flat is actually not that far off.....a simple search in the government portal GEBIZ where authorities and stat boards make public their tenders will show that the cost to build flats to be slightly lower....

Contract to build 8 blocks of flats plus one multistorey carpark with total 738 units in Punggol.

Awarded contract value $154.66 million

Average cost per unit? $209,570

Contract to build 4 blocks of flats plus one multistorey carpark with total 384 units in Yishun.

Awarded contract value $83.2 million

Average cost per unit? $216,666

 

So maybe cost of $300k per unit only slightly inflated?.....

 

 

The above are your own calculations and conclusion.

 

This has nothing to do with how HDB award contracts or report figures.

 

This is about why if you didn't think cost of carpark should be included into calculating cost of each flat,

you then used the combined cost of building flats AND carpark in your calculations and drawn the conclusion

that :"So maybe cost of $300k per unit only slightly inflated?....."

 

So what's your stand now?

 

If you think cost of each flat should be derived by cost of building the block of flats divided by the number of flats,

then obviously the cost of each flat will be less than the average cost you calculated, without the cost of building

the carpark inflating it.

Edited November 24, 2008 by Eyke

[Tanjkp]

So die die must buy a car so as not to subsidies those who drive ?

[Speeddemon]

Simple.

 

If you search the website like I mentioned, you will find that the contracts awarded and the contract value includes the carparks. The figures I mentioned are not by me... I did not pull them out of thin air....all I did was to take the total contract value....and divde it by the number of dwelling units there are in each contract....why I did not take away the cost to build the carpark was because it was lumped into the contract and not separate...thus I had no idea how much it will cost to build the carpark....I did not want to make any assumption just in case anyone disputes the cost of the carpark...

 

If you want my stand...its simple...I believe this is actually the best way to tender out the contracts, by including the entire cost of the blocks of flats together with the carparks...yes, it may not be fair to those who do not own cars....but then what about the costs of ancillary works like any gardens, playgrounds or basketball and badminton courts? These facilities are also part of the total contract value.....If some future residents do not use those facilities then doesn't that mean it will also be unfair to them if the cost to build these facilities are all lumped into the cost to build their flats?

[Silhoutte]

Senkang flat costs 300k to build per unit????

 

Who is he kidding?

[Nkps]

Singaporean.

[Soundless81]

I don`t know is it i am too simple minded person.

 

If carpark is factor into the unit price, mean we own 1 unit and a carpark lot.

 

So why are we paying for season parking???

Edited November 24, 2008 by Soundless81

[Nkps]

that's the maintenance fee for the car park

[Silhoutte]

Haha ok we are all stupid then...

 

This is really SAD.

[Nkps]

well dun be sad, you are not alone

[Kelpie]

I don`t know is it i am too simple minded person.

 

If carpark is factor into the unit price, mean we own 1 unit and a carpark lot.

 

So why are we paying for season parking???

 

Same go with the lift, it doesn't those leave on the ground floor or at the 2nd floor don't have to pay for the use of the lift.

 

This is a fact of community living. Even for Condo, you pay for the lift and car park maintenance whether or not you use them.

 

It is a market practice leh.

 

Regards,

[Silhoutte]

 

Let us cry together then...

[Klinz]

Think the so called $300,000 cost to build a flat is actually not that far off.....a simple search in the government portal GEBIZ where authorities and stat boards make public their tenders will show that the cost to build flats to be slightly lower....

Contract to build 8 blocks of flats plus one multistorey carpark with total 738 units in Punggol.

Awarded contract value $154.66 million

Average cost per unit? $209,570

Contract to build 4 blocks of flats plus one multistorey carpark with total 384 units in Yishun.

Awarded contract value $83.2 million

Average cost per unit? $216,666

 

So maybe cost of $300k per unit only slightly inflated?.....

 

 

The above are your own calculations and conclusion.

 

This has nothing to do with how HDB award contracts or report figures.

 

This is about why if you didn't think cost of carpark should be included into calculating cost of each flat,

you then used the combined cost of building flats AND carpark in your calculations and drawn the conclusion

that :"So maybe cost of $300k per unit only slightly inflated?....."

 

So what's your stand now?

 

If you think cost of each flat should be derived by cost of building the block of flats divided by the number of flats,

then obviously the cost of each flat will be less than the average cost you calculated, without the cost of building

the carpark inflating it.

 

 

Not to forget, how much land tax is being paid to SLA...I mean we Singaporean defend our land and then kenna tax...For commecial and private housing, yes land tax is ok...But for public housing...hello...That's the reason why there will nvr have a break down of the true cost of building HDB flats...never...the only reason given is oh Too complex to compute...???

[Soundless81]

What a Maintance fee....

 

Mean i own 1 lot. can i go paint my unit number on my fav lot???

[Klinz]

Agree shld togather....

[Nkps]

u can what, no one will know but dun gong gong paint your car plate lumber lar