Singaporeans just "saved" $550 million via dbss?

[Confuseous]

"If we do a simple calculation and multiply the excess profit made by the private developer of this development being $100,000, by the 5,500 DBSS flats sold, it may mean that buyers have ‘overpaid’ by over 550 million dollars for these DBSS flats."

And the $550 million decision was made almost by the snap of the fingers? How profitable is the project for the developer? And HDB makes money just by passing on the project?



http://theonlinecitizen.com/2011/06/dbss-overpaid-by-550-million-dollars/

 

[annexa]

Uncle Mah left this time bomb to Khaw. Very hot potato.

 

[Echo_O]

Not all the units cut by 100k what the smaller units cut by less.
More accurate to take the average amount cut and multiply by no. of units

 

[leoman]

khaw bw has play a part by raising d ceiling 2 $10K

he knew d launch of dbss "is out of reach" 4 d normal (lower) income commoner

those within d $8~$10k level .... r those who NOT ELIGIBLE 2 purchase a hdb but a condo will b OUT OF REACH 4 'em

thus .... by a simple calculation .... allowing sim lian 2 squeeze d juicy $$$$ , without batting an eye

 

[Narong Wongwan]

Are the Kuik family of Sim Lian 'connected'?

 

[batman1]

Mah Bow Tan is one of the many lazy and greedy PAP ministers whereby HDB profits greedily at the expense of the stupid Sinagporeans.
To the 60% who voted for the PAP,u got kicked in the arse,well done !