LKY: HDB new flats are sold ‘at cost or below cost’
Mr Lee Kuan Yew In an ST Forum reply way back in 2007, the HDB, after being hounded since 2004 by many angry ST Forum writers over the sky-high prices of HDB new flats, finally confirmed that "the prices of new HDB flats are based on the market prices of resale HDB flats, and not their costs of construction" [actual quote...
Pricing is not the only way PM!
PM Lee Hsien Loong The Economist, a British weekly newspaper, seems to the PAP's bible*. It believes that pricing is the best way to allocate scare resources and long before the government introduced road pricing, the Economist was advocating it: just like high taxes on petrol (we got this) , permits to drive cars (our...
How far has PAP deviated from its original goals?
"The issue or trouble today is the mission of the new leaders..." ‘This was the plan which we had from the very beginning, to give everybody a home at cost or below cost and as development takes place, everybody gets a lift, all boats rise as the tide rises. "We are investing to bring it up to date and you pay a...
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