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HDB does not cost us a single cent! by leonggsh1 on 07-03-2013
HDB don't cost us a single cent!
HDB does not cost us a single cent, because we acquired land very cheaply and sell HDB flats at a profit. Singaporeans use a lot of their CPF to pay for their HDB, and when they have to take a housing loan – we also make money by taking the CPF funds of other Singaporeans (who still have money in their CPF accounts that have not been used to pay for HDB) at 2.5 % and charging 2.6 % on the housing loans
Brilliant! Now why didn’t I think that?
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