Tag Archives: Rate Hike

GOVT CARPARK PROFITS SKYROCKET TO MORE THAN $700 MILLION AFTER 20% HIKE?

According to an article in allsingaporestuff.com – the net car parking profits (income less expenses) of the HDB and URA was $575.7 million for FY14/15. With the subject increase of about 20 per cent – does it mean that the profits may increase to about $690 million ($575.7 x 120%)? As the car park charges increase is up to 40 per cent – perhaps the profits may be over $700 million.

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