Can tell who pays HDB $530 million LOSES a year ?

[Nice-Gook]

Is the amount you said really truth. Then we need to fuck HDB/town council, with that amount of money can fully 100% pay for all HDB flat lift upgrading on average each unit pay about $1.2K for the lift upgrading.

Brudder read today shit times lah.Got say in parliament loose that amount every year by Marlboro Tan lah.

 

[zhihau]

First hor.You must believe Mr.Mah.He say HDB lose every year what.

Than who pays HDB loses every year .....

.Who hah.Anybody knows or not?

simple! show the balance sheet for construction costs and all, the truth will come to light

 

[sherrry]

HDB flats old or new, ever wondered why is it averaging $3200~4000/sqm ($950~1212.12/sqft)?

Who controls the prices? Who determines the market valuation? Who forgot to include depreciation value for resale flats?

 

[Nice-Gook]

simple! show the balance sheet for construction costs and all, the truth will come to light

An ole uncle told me.Once Chiam asked the then HDB minister the same question.They showed the accounts.In never ending instalments which never ended.Wasted Chiam time like chasing the dog's tail.

 

[Dan Now]

Simply transalated,

THE HDB is going to evict those who have defaulted in their payments.

THE HEARTLESS PAPIES CANNOT EVEN SPEND ONE MOMENT TO PONDER AND REFLECT WHY 33,000 HOUSEHOLD IS UNABLE TO PAY THEIR MONTHLY INSTALLMENT ?

So much for a gracious, caring government.

How can our leaders sleep well at night knowing that 33,000 household must be in some form of finiancial hardship.

Dan

 

[Dan Now]

So is it going to be HDB policy now to start evicting the defaulters for not being able to pay their installement SO THAT THEY CAN SELL THE FLATS to PRs and New citizens ?

Dan

 

[Nice-Gook]

HDB flats old or new, ever wondered why is it averaging $3200~4000/sqm ($950~1212.12/sqft)?

Who controls the prices? Who determines the market valuation? Who forgot to include depreciation value for resale flats?

Strange,somehow HDB flats never depreciates at all.So the increase in value can only be accounted because of the value of the land increases.Thats the bottom line.

The land foreever is owned by the gahman as it is leased.And no one ever stays in the same HDB flat for more than 40 years as its usually aquired under SERS.This merry go around goes around and around.

 

[SIFU]

some bros already explained how the losses came about. let me summarise :

1) actual cost of building + land for a 4 rm flat : approx 150k

2) govern sell to u : 250k ( but they will say if buy from open market will cost 400k )

3) thus govern on paper record (400k-250k) 150k loss

4) actual fact they make (250k-150k) 100k for each 4 room flat sold..

tada... shorty mah's $530million paper losses like that derive one.

 

[sherrry]

Strange,somehow HDB flats never depreciates at all.So the increase in value can only be accounted because of the value of the land increases.Thats the bottom line.

The land foreever is owned by the gahman as it is leased.And no one ever stays in the same HDB flat for more than 40 years as its usually aquired under SERS.This merry go around goes around and around.

In other words, the only word that summarizes it all "PROFITEERING"!

 

[sherrry]

some bros already explained how the losses came about. let me summarise :

1) actual cost of building + land for a 4 rm flat : approx 150k

2) govern sell to u : 250k ( but they will say if buy from open market will cost 400k )

3) thus govern on paper record (400k-250k) 150k loss

4) actual fact they make (250k-150k) 100k for each 4 room flat sold..

tada... shorty mah's $530million paper losses like that derive one.

In declaring 150k loss for each 4rm flat, multiplied by 1 complete block of 120units = $18M loss per block.

$18M loss per block mutiplied by 1 district of 50 blocks = $900M

$900M per district multiplied by 4 new towns = $3.6B losses?????

 

[zhihau]

An ole uncle told me.Once Chiam asked the then HDB minister the same question.They showed the accounts.In never ending instalments which never ended.Wasted Chiam time like chasing the dog's tail.

did the old uncle mention about the late Mr. Teh Cheang Wan?

 

[silverfox@]

some bros already explained how the losses came about. let me summarise :

1) actual cost of building + land for a 4 rm flat : approx 150k

2) govern sell to u : 250k ( but they will say if buy from open market will cost 400k )

3) thus govern on paper record (400k-250k) 150k loss

4) actual fact they make (250k-150k) 100k for each 4 room flat sold..

tada... shorty mah's $530million paper losses like that derive one.

Maybe someone should shoot him, if lose $530 million like that, might as well quit and let someone else do the job. Because losing $530 million only shows how incompetent he is. If he hear this, become super dulan and still get to keep his rice bowl, next year, it would be a profit of $530 million with this bulk coming from people. :(

 

[sherrry]

Maybe someone should shoot him, if lose $530 million like that, might as well quit and let someone else do the job. Because losing $530 million only shows how incompetent he is. If he hear this, become super dulan and still get to keep his rice bowl, next year, it would be a profit of $530 million with this bulk coming from people. :(

Indirectly, he's telling the people to watch out, cos they're coming for the $530M or more, by hook or by crook

 

[halsey02]

Buy within their means.... ha ha ha ha, what a joke!, ok!, I gag my mouth!, what I am going to say, will raise racial sensitivities.

Didn't some wooden puppet mentioned about "assets enhancement", "more good years", " your flat was worth S$50,000 now $500,000", in a near distant past?

Didn't that spur all the heartlanders, flat hopping ?, buy & sell, taking advantage all the "benefits" HDB was dishing out?

Now, who started this?, the egg or the chicken? or now it is the cockerel laid a duck egg?

 

[2lanu]

Is the amount you said really truth. Then we need to fuck HDB/town council, with that amount of money can fully 100% pay for all HDB flat lift upgrading on average each unit pay about $1.2K for the lift upgrading.

The lift upgrade is also another con job. I remembered that years ago Taman Juring got lift upgrade. While the contractor quoted them 500K/lift, those white scum priced the upgrade at $1m to the resident.

The ruse was discovered because the contractor was living in the same estate! And they got the gut to claim the other are consultancy fees.

 

[sherrry]

The lift upgrade is also another con job. I remembered that years ago Taman Juring got lift upgrade. While the contractor quoted them 500K/lift, those white scum priced the upgrade at $1m to the resident.

The ruse was discovered because the contractor was living in the same estate! And they got the gut to claim the other are consultancy fees.

In the 1st place, shouldn't the lift upgrading be bourne by HDB themselves, for lack of foresight in meeting the residents' demands? They use lame excuses saying that the lift upgrades were necessary, as there are aged living in HDBs.

In other words, are they saying that when the squatters moved from the slumps into HDB, all were young & fit, and no aged among the population at all?

Since the 60s till 80s, I'm sure many of us already witnessed aged or physically handicapped residents struggle with the stairs to get to the lift landings.

 

[2lanu]

Now, who started this?, the egg or the chicken? or now it is the cockerel laid a duck egg?

The whole thing started when the citizen voted them in. From then on, the housing, CPF, medical, retirement, education, transport, NS , electricity, water and many more system were put in place. All interlinked with one another.

They just need to "squeeze" the system and get the "juice$$$" they want.

 

[Nice-Gook]

Simply transalated,



So much for a gracious, caring government.

How can our leaders sleep well at night knowing that 33,000 household must be in some form of finiancial hardship.

Dan

That's nothing compared to those who cannot afford to pay their PUB bills.Yet these scums charge us our hands and arms for electricity when oil prices are tumbling downwards.How can this be justified?Besides don't they have a long long contract with Indon for gas supply which is used to turn the generators here !

In some countries water is provided free.The logic.One cannot live without water.Here they buy for 3 cents from Malaysia and charge us $1.50.KNN chow chee bye.

 

[Nice-Gook]

did the old uncle mention about the late Mr. Teh Cheang Wan?

Yup ,that was the chap who took Chiam for a wild goose chase over HDB accounts.

 

[eeoror88]

Nabey,this must be the mother of all jokes.How to buy within means if prices set by HDB so steep.Maliki say an average sinkie family can live within 30 sq meter hor?

Wah Lau ...30sq m .... fart then how ??