When selling the flats during the first launch of the Pinnacles was already making a decent profit for the HDB, the additional $200k added to the second launch, when all the costs have been accounted called must be pure additional profit. And this profit is made from our citizens. And they called this subsidy.
Then we keep wondering why our people did not have enough savings for retirement. The answer is simple. They were at the wrong end of the formula, 'Milking to the max'.