MM Lee: Don't cast protest vote

• likeyou

  3 Feb 10, 23:07

  en-bloc....old flats knock down, give pple new flats, pple happy happy buy, but need to top up if opt for 5 room or 4 room. And need housing loan for 10yr +. Cycle goes on and on, hdb earn good profits.

• mlmersrlosers

  3 Feb 10, 23:50

  many factors to consider also such as inflation and devaluation of money in the future. It's not that prices of hdb rise means good. this is a too simplistic view and mm lee didnt know of this? Or is he hiding the facts from most of us?

• likeyou

  3 Feb 10, 23:52

  Of course he know inside out outside in.

• mlmersrlosers

  4 Feb 10, 00:02

  Originally posted by likeyou:

  Of course he know inside out outside in.

  
  and also our wages 10 yrs still the same.

• mlmersrlosers

  4 Feb 10, 00:04

  they claim they r making losses by building hdb flats. But these are book value losses. By market value, I confirm they got back 10x

• charlize

  4 Feb 10, 12:21

  Originally posted by mlmersrlosers:

  they claim they r making losses by building hdb flats. But these are book value losses. By market value, I confirm they got back 10x

   

  They lose money because they "subsidize" Singaporeans mah.

   

  To make HDB flats "affordable".

• I-like-flings(m)

  4 Feb 10, 19:50

  u forgot about the fair reasonable salary that they are paying those fat cat on top in HDB ar