Friday, 10 July 2009

• HDB offer 8,000 flats

  
  http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_400852.html

  THE Housing and Development Board (HDB) will offer 8,000 new flats this year, or more if the pickup is stronger, said National Development Minister Mah Bow Tan on Wednesday. He said the board is monitoring demand and will 'calibrate its supply of new flats' to meet some of that demand - but not all.

  He also said the HDB will continue to supply new housing units but 'we cannot be building new flats to cater to every last person who wants a new flat...because if you do that, then obviously you are over-building'

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  Here we have our dear Minister for National Development, Mr Mah Bow Tan, telling you something about how his HDB sees providing affordable homes as it is. (Flat prices are now 200K average per unit. Effing cheap!)
  
  Wow, he said can't cater to everyone who wants a roof over his head. If we supplied people with roofs over their head, we over supply! Talk about econmic forces man! This Minister should be an great businessman! A great business man need not worry about customer satisfaction or whether anyone buys his product, when his company has monopoly. Clap Clap!
  
  No wonder they always build HDB in small batches, keep demand high, sell it high. Simple supply and demand forces. Read the whole article if you want your blood vessel to burst. :)
  
  * 4.8 Million is the current population.
  There were about 24,600 marriages in 2008 http://www.singstat.gov.sg/stats/themes/people/marriages.pdf
  80% live in HDB flats.
  You work out the math.

  
  
  Mah Bow Tan
  http://www.parliament.gov.sg/AboutUs/Org-Leader.htm
  
  

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