I find it hard to believe the HDB is losing money on the flats it offers.
Something is wrong if, at the new ridiculous high prices, HDB is losing money. Is this a case of creative accounting?
The thing is that there are people like me who are cynical of what the government puts out. I find it hard to believe and trust the government. This government seems very mercenary and lacks empathy.
I remember when HDB prices were really,really affordable that eg I was able to pay off my HDB loan for my then 4A-Rm within 5 years.
Now, the young couple would have to be in debt for 25 to 30 years!
