The Straits Times file
Giving a breakdown of the development costs, HDB said the bulk – $3.167 billion – went to land costs, while $2.077 billion went into building costs. The remaining $102 million was incurred when HDB acquired flats from former owners. On Wednesday, HDB detailed how it prices BTO flats and contrasted its approach with private residential developers, which it said price for profit.
HDB’s flat pricing approach and costs are also available to the public, unlike private residential developers, said the board. The substantial deficit shows “in real terms” HDB’s commitment to affordable, accessible and inclusive public housing, it said.
Still nothing but bullshit from this article. When you called for tender, there is already profits even from the lowest bidder. When you simply price new built HDB flats to resale HDB nearby, more profits taken. Land cost how are they factored? SLA plants a sign in empty plots $0
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