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

[Getzoooom]

cost of material go up mah.. last time 10cts can get 4 sweets, 15cts can take feeder bus leh.. now where to find..

 

but hor.. forget abt quoting Duxton la, the recent BTO at ulu ulu punggol arcadia 5room already $350k to $416k

 

can buy EA in sengkang liao..

[Xefera]

don't worry for them lah. If things turn for worse, they will call for hurricane, tsunami or cyclones to make sure people won't see past their true colors.

[Rickster]

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

 

Erm, may I add...not just hedg-dee-bee, the entire garment tenders r always given to the lowest bidder.

[Darth_mel]

When Pinnochio tells a lie every time, his nose gets longer.

 

When Mabok does the same, his height becomes shorter.

 

We have really a unique county. We actually paid people millions of dollars to bull-sh*t to us. [shakehead]

[Hamburger]

its an honest joke, lets move on...

[Tarzan666]

Then how DBSS works ah...

 

HDB award to highest bidder..saw tis article sometime back.no wonder Bishan DBSS sky high price..HDB laughing all the way to the bank.

 

China firm puts in top bid for Bishan HDB site

 

CHINA-BASED builder Qingdao Construction Group Corporation has put in the top bid of $135,888,777 or $237 per square per plot ratio (psf ppr) for a Housing and Development Board (HDB) Design, Build and Sell Scheme (DBSS) site in Bishan.

[Othello]

BALLS TO HIM .......

[Stary]

$300,000 to build a four-room flat in SengKang??????

 

Is it fully renovated with gold taps?

[Yaloryalor]

Quoted"

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

 

How expensive it can be to build? So many flats are build altogether, the cost should be much much cheaper than the selling price to us.

 

Big profit for them

[Relaxed33]

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

 

So now he (MBT) admits that new HDB flats are now based on Market-Based approach instead of subsidy pricing. Perhaps he would like to elaborate how market-based pricing is still affordable? Even now ulu areas like Jurong West extension, resale 5 room flats are going for approx 400k and 4 room flats are selling like 300k on market value . How can HDB sells flats at market-based pricing and still make such a big loss (only discounted 20% of market price leh)? Perhaps he would like to be more transparent and show the citizens of singapore on the balance sheet on the cost and revenue of building the HDB flats? How about the season car-park revenue that HDB receives? Seems like a lot of "holes" in his statement

[Yaloryalor]

When Pinnochio tells a lie every time, his nose gets longer.

 

When Mabok does the same, his height becomes shorter.

 

We have really a unique county. We actually paid people millions of dollars to bull-sh*t to us. [shakehead]

 

Its all BS!!!

 

Last week I was in US, the news stated Obama's salary is US$400K + in a year (if I not wrong).

 

Come and think of it, our little red dot pays more than a millon annually for our leaders

[Altivo]

that's a crazy price... i don't understand how a 4 roomer will cost $300k.

 

Heng ah.... I bought my EA in Sengkang 2 years ago and it cost me $258k

[Nolicense]

based on his performance, anyone can come in and run hdb and reduce prices significantly, show a profit and build to demand without overly long queues.

 

he is sleeping on the job lah. in 2002 can claim over built and inventory very high and hdb making loss. now build not enough 2 room 3 rooms. price still high high. and queue long long.

 

obvious hdb is inefficient and costly to run. or it is too profitable that need to hide the profit from sgpreans.

[Kingcopa]

What can u expect to come out from his mouth

[Bigray]

all bxxxxxxt then why they build for what....Anything LOSS money you think garment will want to do it ..

[Unltd]

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

 

So now he (MBT) admits that new HDB flats are now based on Market-Based approach instead of subsidy pricing. Perhaps he would like to elaborate how market-based pricing is still affordable? Even now ulu areas like Jurong West extension, resale 5 room flats are going for approx 400k and 4 room flats are selling like 300k on market value . How can HDB sells flats at market-based pricing and still make such a big loss (only discounted 20% of market price leh)? Perhaps he would like to be more transparent and show the citizens of singapore on the balance sheet on the cost and revenue of building the HDB flats? How about the season car-park revenue that HDB receives? Seems like a lot of "holes" in his statement

 

You have to read clearly regarding the losses, there are no holes in his statement. He specifically said building programme suffered losses of $530million, he did not say it is an overall loss. Check out what exactly is building programme, how is the $530 million broken down and benchmarked. He may very well be benchmarking the sale of the new flats versus resale flats, so definately it is losses all the way because they ARE SUPPOSED to sell below market price (resale price).

[Spurman]

Fark la, our Govt is now "money-oriented" no care for ppl, only care for early money..

 

Truely PAP, pay and pay more now..

[PointyEwe]

Anyone manages to throw and have the rotten egg land on his face gets a reward!!