Wah Lan, BTO making losses
We used to have one guy shouting till his throat went sore that housing prices were affordable. Of course no sensible person will believe him no matter how long and how loud he shouted. Then Khaw Boon Wan came in to try to hold down the prices and started to build flats for the people in double quick time. It was obvious that Boon Wan does not believe in the other person’s shouting.
Yesterday in Parliament Ellen Lee came out with statistics to proclaim that BTO schemes are making losses to the tune of several tens of millions per project. She quoted the HDB building 1016 units at a cost of $279m while the sales proceed was only $240m because of generous subsidies, thus making a loss of $39m. At the rate this is going I think HDB will go bankrupt soon and would not be able to pay its staff lavish bonuses like before.
The statistics must be real, the truth, no bluff one. Since there is such a good set of statistics being flashed in Parliament, it would be good if the breakdowns could be given to prove that HDB is indeed subsidizing the buyers. If that can be done then there is no need to keep shouting until face red red. And can stand up to scrutiny, no need to turn away when someone ask for transparency.
Parliamentarians should take this opportunity to ask for detail breakdowns of this set of numbers. Not only the opposition candidates. Those from the ruling party who have independent mind or claim to have independent mind and can speak freely will have a real chance to speak up on this issue.
Let’s see how many can be independent minded and will speak out for truth and transparency.