HDB does not price new flats based on costs: Desmond Lee

land, government, HDB, cost, reserves, value, flat, issue, prices, Singaporeans, fiscal, pay, price, proceeds, run

Minister for National Development Desmond Lee recently gave a good explainer on the issue of land cost and HDB BTO Valuation in parliament. His explanation also covers why the HDB runs at a deficit of a couple or three billion dollars annually. Unfortunately, the parliament is a poor avenue for treating an important subject that […]