Minister Mah rebuts NSP's proposal was akin to a public rental housing system

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Minister Mah rebuts NSP's public housing proposal
Posted: 27 April 2011 1448 hrs


SINGAPORE: Minister of National Development Mah Bow Tan has rebutted the National Solidarity Party's view on public housing.

He held a news conference after his thank you speech at Dunman Secondary school nomination centre.

Mr Mah said the NSP's proposal was akin to a public rental housing system.

The NSP had proposed to lower HDB flat prices through cost-plus pricing and under-paying for public housing land.

-CNA/ac

 

[NoNewsGood]

Minister Mah rebuts NSP's public housing proposal
Posted: 27 April 2011 1448 hrs


SINGAPORE: Minister of National Development Mah Bow Tan has rebutted the National Solidarity Party's view on public housing.

He held a news conference after his thank you speech at Dunman Secondary school nomination centre.

Mr Mah said the NSP's proposal was akin to a public rental housing system.

The NSP had proposed to lower HDB flat prices through cost-plus pricing and under-paying for public housing land.

-CNA/ac

So? Isn't a HDB contract a lease?

 

[ivebert]

So? Isn't a HDB contract a lease?

They define leasing and rental differently..

Don't just pick everything up from US/UK textbooks

 

[NoNewsGood]

They define leasing and rental differently..

Don't just pick everything up from US/UK textbooks

Then "they" are wrong. Both are the same. Even in Singapore textbooks.

 

[Unrepented]

GMS,

1. Dont go into the argument whether is it akin to public rental housing system (operating lease).

2. If I guess correctly, you are targeting the costing aspect rather than the system of repayment.

Current is more like a 99 year transferable finance lease.

Just read the above from "finance for dummies" available from popular bookstores.:o

Minister Mah rebuts NSP's public housing proposal
Posted: 27 April 2011 1448 hrs


SINGAPORE: Minister of National Development Mah Bow Tan has rebutted the National Solidarity Party's view on public housing.

He held a news conference after his thank you speech at Dunman Secondary school nomination centre.

Mr Mah said the NSP's proposal was akin to a public rental housing system.

The NSP had proposed to lower HDB flat prices through cost-plus pricing and under-paying for public housing land.

-CNA/ac