- Joined
- Jul 24, 2008
- Messages
- 33,627
- Points
- 0
<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top>
Coffeeshop Chit Chat - HDB flat costs $100k, sell $300k ?!?</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>thomas_king <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Oct-6 10:32 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 12) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>22344.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Let's do some math from publicly available information (see CNA news article below):
Typical HDB flat has 8 household units to each floor / level.
Therefore the total number of flats for this project is 4 (blocks) x 16 (floors) x 8 (units each floor) = 512 units.
Thus, average ACTUAL COST PRICE for each unit of HDB flat is calculated as follows:
Awarded contract price (S$51.9 million) divided by 512 units = S$101,367 for each unit.
I dunno about you, but if something that costs $100k is being sold for $200k to $300k new from HDB, and there's claim of it being "highly subsidized" ... I tend to think that it's a load of bullshit.
----------------
Title : Koh Brothers clinches S$51.9m project from HDB
By : Jonathan Peeris, Channel NewsAsia
Date : 05 Oct 2009 1516 hrs (GMT + 8hrs)
SINGAPORE: Singapore-listed property firm, Koh Brothers, said on Monday it has bagged a S$51.9 million contract from the Housing and Development Board (HDB).
This is for the construction of four blocks of 16-storey residential buildings, one substation and one multi-storey carpark in Choa Chu Kang.
In January this year, the company clinched a S$145 million contract from HDB for the construction of Part 1 of the Punggol Waterway. It secured Part 2 of the same contract, worth S$59 million, in July.
Works on the latest project will commence this month and is expected to be completed by the end of 2011.
- CNA/so
</TD></TR><TR><TD> </TD></TR></TBODY></TABLE><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD class=msgleft width="1%"> </TD><TD class=msgopt width="24%" noWrap>
Options</TD><TD class=msgrde width="50%" noWrap align=middle> 
Reply</TD><TD class=wintiny width="25%" noWrap align=right> </TD></TR><TR><TD class=msgbfrbot> </TD><TD colSpan=3> </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
Typical HDB flat has 8 household units to each floor / level.
Therefore the total number of flats for this project is 4 (blocks) x 16 (floors) x 8 (units each floor) = 512 units.
Thus, average ACTUAL COST PRICE for each unit of HDB flat is calculated as follows:
Awarded contract price (S$51.9 million) divided by 512 units = S$101,367 for each unit.
I dunno about you, but if something that costs $100k is being sold for $200k to $300k new from HDB, and there's claim of it being "highly subsidized" ... I tend to think that it's a load of bullshit.
----------------
Title : Koh Brothers clinches S$51.9m project from HDB
By : Jonathan Peeris, Channel NewsAsia
Date : 05 Oct 2009 1516 hrs (GMT + 8hrs)
SINGAPORE: Singapore-listed property firm, Koh Brothers, said on Monday it has bagged a S$51.9 million contract from the Housing and Development Board (HDB).
This is for the construction of four blocks of 16-storey residential buildings, one substation and one multi-storey carpark in Choa Chu Kang.
In January this year, the company clinched a S$145 million contract from HDB for the construction of Part 1 of the Punggol Waterway. It secured Part 2 of the same contract, worth S$59 million, in July.
Works on the latest project will commence this month and is expected to be completed by the end of 2011.
- CNA/so
</TD></TR><TR><TD> </TD></TR></TBODY></TABLE><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD class=msgleft width="1%"> </TD><TD class=msgopt width="24%" noWrap>
