HDB flat cost price of recent Punggol BTO?

[Sabian]

I refer to the replies by the Housing and Development Board (HDB) to the various letters in the Straits Times forum page over the past few weeks. (See below)

 

I also refer to media reports (

[Pentium]

I refer to the replies by the Housing and Development Board (HDB) to the various letters in the Straits Times forum page over the past few weeks. (See below)

 

I also refer to media reports (

[Ryosuke]

'does it mean that the HDB stands to make a profit of about $172,398 per flat'

 

wow..so 864 flats = 148'951'872?

that's near SGD185mil in profit!

 

 

 

[Kusje]

Eh, you haven't factor in the cost of land. $104 mil is construction cost only

 

Precisely. Not to forget marketing cost, staff cost etc.

[Jacf]

takes $$$ from left pocket to pay right pocket.. after 99 yrs, land still belong to right pocket. i would think HDB flats are unlike pte condos.. it doesn't need marketing cos it'll always be fully applied for when launched..