$8 Khaw's Freudian slip on opaque HDB pricing policies

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An honorable member of the Coffee Shop Has Just Posted the Following:

Mr Khaw was right, however, to point out that much of the comparison examples made were on flats in very different housing estates, such as Bukit Merah vs Seng Kang. Location, location, location is always a good excuse for a rip-off when someone tries to sell you a property. Until we have flats of the two different kinds being offered in the same BTO exercise in the same housing estate, it’s hard to have a true apple to apple comparison. In none of the recent balloting exercises have there been any 2-room flats and studios being built in the same housing town, let alone the same BTO project. It’s almost as if the HDB is deliberately avoiding such a situation lest its opaque pricing methodology — if there is even such a thing as a methodology — gets called into question when inexplicable price tags become oh so obvious.

- http://www.voiddecker.com/2013/10/a-...freudian-slip/


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