Great money saving ideas for the HDB

HDB is worried that it will lose $100m a year if it does not raise the parking fees. After writing a piece on it, another blogger, a jjgg, commented HDB should do away with charging parking fees to save money, or at least don’t have to lose $100m yearly. Actually this comment makes a lot of sense.

Let me work out the numbers, the operating cost of running and managing the carparks came to $700m a year. The electronic parking system costs $300m to install not counting maintenance, repair, servicing etc etc, and the total cost of managing the carparks will balloon to a loss of $100m, ie all revenues less all cost = loss of $100m.

Now, according blogger jjgg, if HDB would to do away with running the carparks, no need to manage and charge parking fees, it will save $100m a year, instead of losing the same amount. It would also save $700m on operating cost. And no need to worry about escalating costs. This would work out to a neat saving of $ the carparks and save at least $950m a year. A small sum of the money saved can then be used to beautify the carparks and cleaning. Like that, HDB management must be very happy.  Win win man! The residents who have to park their cars in the carparks would also be very happy, parking for free.

And most important, the next GE sure win, 90% majority votes.

What do you think? Isn’t the present carpark system creating problems and cost to HDB, working and doing for nothing?  Why go through so much trouble to lose money and to make the residents unhappy? Why start something that loses money when doing nothing can save so much money and make everyone happy?

700m + $100m plus also not having to own and maintain the $300m electronic parking system. While the electronic parking is still new, it can be dismantled and sell off at a discount, would still easily bring in $150m at half price.

See, so simple. Just do away with managing