03-11-2022, 09:46 AM
(12-10-2022, 05:01 PM)[[ForeverAlone]] Wrote: Expected ....
Where did the $558K of lease hold land fees PER HDB HOUSEHOLD go to? The oversized and opaque reserves are the elephant in the room, and minister is not accounting for it, no?
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S$500 million.
“The money that HDB will need to pay for the land must be paid back into the past reserves..."
https://www.todayonline.com/singapore/an...ee-2010546
Since Central Weave @ AMK is 896 units, on average, each citizen who purchased a BTO HDB flat from HDB, on average, PERMANENTLY contributed $558K to the reserves for land they only TEMPORARILY borrowed to use.
And PAP still got the gall to POFMA citizens who sought important clarifications. https://www.channelnewsasia.com/singapor...oc-3008241
![[Image: FB-IMG-1667298738915.jpg]](https://i.ibb.co/hyJ95wF/FB-IMG-1667298738915.jpg)