Minister for National Development Khaw Boon Wan has responded to the errors and inaccurate figures used in a recent Business Times (BT) article.
In his latest blog post titled 'Startling But False' on Saturday, he wrote he was startled after reading the BT front page article on "Profit margins for DBSS developers 'look high'", which was published on 30 June.
It alleged that the DBSS developer's profit margin for Centrale 8 was 76 per cent, even after it had reduced its highest selling price by over S$100,000. Full story
