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8/25/2011

The arithmetic of the 26 sites

The PA is leasing 26 sites from the HDB for community events. How long is the lease and how much would it cost the PA for the lease? The next question is the number of days that these sites will be used.

If the usage of the sites, averaging once a week for each site, it will mean that the sites will be unused for 365 - 52 days or 313 days. Double the usage to 2 days every week, ie Sat and Sun, it will still be 261 days unused. A long lease in such a case would mean that the PA will be paying the HDB 261 to 313 days for not using them. Ok, the rate of rental for long lease could be lower than daily rate.

The question is whether it is cheaper for PA to pay for rental of the sites on a used basis, or daily rate? I don’t have the numbers but I think it will be much cheaper to pay on use than to pay for long term lease when the sites are not intensively used.

Can someone work out the numbers? One thing good about paying from one pocket to another pocket is that it will look good on economic numbers like GDP. Perhaps the PA could sublet the sites at a higher rate with profits.

3 comments:

Anonymous said...

For political purposes, and to deprive the opposition of getting space for events, leaving the leased space empty for even the whole year is worth the money spent.

After all, money is no problem to the whites. If you say the PA is not a political arm of the PAP, I have nothing else to say.

Anonymous said...

ya huh ! abusing tax payers money again.

why not donate the amount to the poor and needy ?

puzzling....

Anonymous said...

"One thing good about paying from one pocket to another pocket is that it will look good on economic numbers like GDP. Perhaps the PA could sublet the sites at a higher rate with profits". Perfectly said!

For all You know, your suggestion to PA about subletting could have been in practice.

patriot