Yahoo! Finance Singapore, 30 Apr 2013
Some Singaporeans asked that land costs be excluded from HDB pricing. The answer to this was a stern no. Too much social welfare, as we all know, leads to laziness, communism, and Satan worship. Or even worse, voting for the Opposition. Besides, HDB loses a billion dollars a year as is. That’s pretty bad, right? Trouble is, that “loss” is irrelevant…as an argument or otherwise:
HDB’s Losses: Not Surprised. Not Even a Bit.
We’re not amazed by the loss, and we’re not moved by it either. See, we remember HDB announced losses before, in April ’08. Back then, HDB claimed a loss of $2 billion. So actually, the deficit is shrinking.
And anyway, HDB has never hidden its losses. That’s what their financial reports claim most of the time. Full story
Related:
HDB is not making money out of building homes, says National Development Minister Khaw Boon Wan - XIN MSN News
