Tag Archives: pricing

PROOF THAT HDB FLATS WERE “SUBSIDIZED” IN THE PAST BUT NOT NOW

According to the article “8,950 HDB flats sold out in rush to beat price increase” (Straits Times, Jun 15, 1980) – “Last year, building costs of a three-room flat rose by 34 per cent from $17,750 to $23,800. Total costs covering land and financing costs, added up to $32,800. But the board sold the flat for only $18,200 because the government gave a subsidy of 44 per cent or $14,600 to each flat. A four-room flat is subsidised by the government by 33 per cent and a five-room by 27 per cent.” You can see from the above that the pricing of HDB flats was more transparent in the 1980s – where one could see the costs and the subsidies.

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KOH POH KOON: NOT EASY FOR S’POREANS TO UNDERSTAND OIL PRICING

It's not easy for most people to understand petrol pricing. Crude oil is unrefined. MOPS price is the price of refined petroleum and is the internationally traded price for refined petroleum. MOPS constitute less than 30% of the listed retail price of petrol. The other 70% comprises of costs of land tax, operating costs, petrol tax etc.

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7 RELEVANT QUESTIONS ABOUT THE NEW SATELLITE BASED ERP SYSTEM

How will this impact on taxi and bus fare structures? Won't there be an acute shortage of cabs plying within the priced zones during peak hours then, since the longer they ply to look for fares, the more they would be charged? Are they intruding into my privacy, since now they can track my whereabouts within the priced boundaries? Will there be diff road pricing along diff stretches within the priced zone? Will there be price fluctuations at different times of the day within the restricted zone?

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