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31-07-2013, 03:50 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
That's how the 2-room flats, normally priced at $76,000 (35 sq m) to $133,000 (45 sq m), can be knocked down to $16,000. Okay, okay, two full grown adults will have to share 35 sq m to avail themselves of the Government's generosity. You can't exactly throw a big house warming party, but do note the standard size of a jail cell is usually 5.5 sq m.
The important thing to remember is that what HDB used to sell for $76,000 can actually be let go at $16,000. Without raiding the reserves, or risk HDB going bankrupt. The sour taste in your mouth comes about when you start thinking of the fat profit margins they have been raking in all these years.
- http://singaporedesk.blogspot.sg/201...enerosity.html (http://singaporedesk.blogspot.sg/2013/07/government-generosity.html)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?158481-Did-govt-raid-reserves-in-selling-16k-flats-which-used-to-sell-for-76k&goto=newpost).
That's how the 2-room flats, normally priced at $76,000 (35 sq m) to $133,000 (45 sq m), can be knocked down to $16,000. Okay, okay, two full grown adults will have to share 35 sq m to avail themselves of the Government's generosity. You can't exactly throw a big house warming party, but do note the standard size of a jail cell is usually 5.5 sq m.
The important thing to remember is that what HDB used to sell for $76,000 can actually be let go at $16,000. Without raiding the reserves, or risk HDB going bankrupt. The sour taste in your mouth comes about when you start thinking of the fat profit margins they have been raking in all these years.
- http://singaporedesk.blogspot.sg/201...enerosity.html (http://singaporedesk.blogspot.sg/2013/07/government-generosity.html)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?158481-Did-govt-raid-reserves-in-selling-16k-flats-which-used-to-sell-for-76k&goto=newpost).