Did HDB land pricing use Raffles Place as rule?

[CheongAhh]

I found this in my old e-mail inbox Has HDB replied to this issue yet?

 

  Quote

Jan 1, 2007

Did HDB land pricing use Raffles Place as rule?

 

I REFER to the letter, 'Why sale of state land is done at market price' by Ms Kee Lay Cheng of the Housing and Development Board (ST, Dec 28).

 

Mr Ngiam Tong Dow has a very interesting thing to say about land pricing in Singapore in his book: A Mandarin And The Making Of Public Policy, on page 153:

 

'Sadly the clarity of thought shown by Dr Goh Keng Swee in pricing land has been lacking in more recent years. Relying on the concept of opportunity cost, the Chief Valuer, at the behest of either the Ministry of National Development or the Ministry of Trade and Industry (I am not sure which), has valued land across Singapore using Raffles Place land as the benchmark. The assumption is that every square metre of land in any part of Singapore has the potential to be Raffles Place.'

 

Would the HDB like to comment how this has affected the pricing and allocation of subsidy of new HDB flats?

 

Viktor Ye Kok Kheong

[CheongAhh]

Is the letter writer Russian? Nice name :)

[Jman888]

Should be lucky they never use nassim or orchard land price as benchmark [rolleyes]

[questionedfish]

but our land is indeed precious..

[inlinesix]

  On 5/21/2012 at 4:06 PM, Lamzh87 said:

but our land is indeed precious..

Well, we can reclaim up to Tekong, Pulau Ubin, Serangoon Island, Coney Island & St John Island.

[Mllcg]

  On 5/21/2012 at 4:27 PM, Davidtch said:

Well, we can reclaim up to Tekong, Pulau Ubin, Serangoon Island, Coney Island & St John Island.

 

tekong is out.

 

maybe we can shift ALL military training there.

 

saves space on mainland SG.

 

 

[KARTer]

  On 5/21/2012 at 4:33 PM, Mllcg said:

tekong is out.

 

maybe we can shift ALL military training there.

 

saves space on mainland SG.

then they will value camps land prices like orchard rd prives..... each guardhouse will soon fetch $3000psf!!

[Kiadaw]

I think I have the potential to be a CEO of an MNC, & I should use his pay as a benchmark.

 

Tomorrow, I will tell my company that they need to pay me respect to potiental level of the CEO.

[AhJason]

  On 5/21/2012 at 4:33 PM, Mllcg said:

tekong is out.

 

maybe we can shift ALL military training there.

 

saves space on mainland SG.

 

If build house in Tekong, no insurance company want to insure them

[AhJason]

  On 5/21/2012 at 3:35 PM, CheongAhh said:

Is the letter writer Russian? Nice name :)

 

I notice there's a trend of giving names to babies which are spelt differently.

 

i.e: David becomes Dayvd

Victor becomes Viktor ? (u gave one example already)

Joan becomes Jo-an

 

[Scion]

  On 5/21/2012 at 4:06 PM, Lamzh87 said:

but our land is indeed precious..

 

there are still large parcels of lands at Simpang, Kranji, Lentor, along Holland Road, even in Sengkang and Punggol

 

Singapore running out of land is a myth

[Joseph22]

  On 5/22/2012 at 5:35 AM, Scion said:

there are still large parcels of lands at Simpang, Kranji, Lentor, along Holland Road, even in Sengkang and Punggol

 

Singapore running out of land is a myth

not sure the other 2. Kranji and lentor seems to have military purpose.

[Chpeck]

  On 5/21/2012 at 4:06 PM, Lamzh87 said:

but our land is indeed precious..

 

You are right! But it is collecting Trash.

[Scion]

Simpang can build another Yishun...

 

Bukit Brown can build another Toa Payoh....

 

the question is whether the govt wants to hold on to these lands for the greedy private developers

 

do we need so many condos??

[Wyfitms]

i dont think this is true. Look at the DC rates, land value are differentiated according to locations, albeit generalizing

[Sk65]

  On 5/22/2012 at 5:17 AM, AhJason said:

I notice there's a trend of giving names to babies which are spelt differently.

 

i.e: David becomes Dayvd

Victor becomes Viktor ? (u gave one example already)

Joan becomes Jo-an

 

personally,

i find it quite irritating,

 

someone failed spelling hur

[Kiadaw]

  On 5/22/2012 at 5:17 AM, AhJason said:

I notice there's a trend of giving names to babies which are spelt differently.

 

i.e: David becomes Dayvd

Victor becomes Viktor ? (u gave one example already)

Joan becomes Jo-an

 

Viktor is a legitimate name in Germany. Just saying. Off topic a bit, in Germany, you cannot suka suka name your kids, name must be clear if its a girl or boy, & no silly name. SO you cannot suka suka name your kids after your favorite city or sci-fi show. So stupid name like Harper 7 is out (yes that's what David Beckham name his daughter).

 

Some parents never understand that a name stick to the person for life (until they are legal age to change it), & giving it silly name, will only hurt them. Imagine how the other kids will make fun of them in school.

 

 

[Joseph22]

  On 5/22/2012 at 8:04 AM, Kiadaw said:

Viktor is a legitimate name in Germany. Just saying. Off topic a bit, in Germany, you cannot suka suka name your kids, name must be clear if its a girl or boy, & no silly name. SO you cannot suka suka name your kids after your favorite city or sci-fi show. So stupid name like Harper 7 is out (yes that's what David Beckham name his daughter).

 

Some parents never understand that a name stick to the person for life (until they are legal age to change it), & giving it silly name, will only hurt them. Imagine how the other kids will make fun of them in school.

this is not as stupid as one calling their child Strawberry hotcakes lor.