HDB EARNED $595 MILLION CARPARK INCOME IN 2015 SO WHY STILL INCREASE RATES?

HDB’s car parks’ income $595m?

After writing “Public parking rates increase = more profits?” (Jun 22), I looked at the HDB’s financial statements and found that its income from car parks for the year ended 31 March 2015, was $595.2 million.

HDB’s car parks’ income keeps increasing?

This is an increase of $72.3 million from 2010’s $522.9 million.

I am unable to find the income from car parks for the URA.

HDB & URA’s car parks’ income over $600m?

The combined income from car parks of the HDB and URA may be well over $600 million a year.

Given this large sum – what is the justification for wanting to increase public car parking rates?

Transport revenue in the billions?

Not forgetting that revenue from Electronic Road Pricing (ERP), Certificate of Entitlement (COE), vehicle and petrol taxes, road tax, etc, may be in the billions in a year.

Leong Sze Hian

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