Why do they bother to keep on repeating the half truths?
November 23rd, 2009
| Author: Andrew PK Yap
| Categories: Columns and Commentary
| Tags: Cost, HDB, Mah Bow Tan
By Andrew Yap
Singapore 24 Nov 2009
Quote
AsiaOne – Rachel Chan – 1 hour ago
HDB does not price its flats on a cost-plus-profit basis, he reminded the House. Taken together with the additional housing grant, which varies from $5000 …
HDB does not price flats on cost plus profit basis: Mah Bow Tan Business Times (subscription)
Unquote
The HDB buys the land from the government. The government makes exorbitant profits from the land sales and in the same breath says HDB does not profiteer from the selling of the flats.
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