Light moments from Hong Lim Park: What a mountain of THRASH !!!
Photos by Eugene Yeo and Cheng Siew Peng DBS investors making an early statement of their "NOTES" which has now turned into "THRASH" "Hard earned cash for THRASH", are you seeing this, Mr Koh Boon Hwee ? (DBS Chairman) "This thrash is damned bloody heavy !!" Mr Tan Kin Lian taking to the podium amidst...
99-year land cost of a $400,000 HDB flat = $2.76 million
HDB prices flats to include construction and land costs. Although land cost is estimated to be 60% of the price, flat buyers – lessees, in fact – do not own the land. Over a period of 99 years, land cost can amount to million$ when ‘accrued interest’ is included. Assuming interest rate to be 2.5%, a CPF member who...
Unethical to charge land cost for HDB lease, huge CPF loss
Due to constant propaganda by PAP, HDB flats appear to be affordable. But once buyers become aware that we are merely lessees and work out the actual cost of the 99-year very long-term lease, we begin to understand just how costly and risky committing to a HDB lease really is. The unethical part about buying a HDB flat is...
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