Yes, I left 2 comments on his blog today with the latest about MOQ.My point is that, simple arithmetics cannot be used blindly.Anyway, Dr Cheong the HDB CEO despite her PhD training must have forgotten about some "minimium" concepts, like MOQ & Minimium Wages.Am sure she and the other female CEO of a GLC are well verse in the CPF Minimium Sums.
A unit of Jambo flat (1950sqft) was available in Woodlands New Town. It take 2 years to marketing and no buyer is keen until a couple (citizen/foreigner) bought it before financial crisis. His cost was $350k. Last year, new rule disallow foreigner to own a flat. The couple sold it out to an Indian family. The foreigner pocket $$$$$ - laughing all the way to JB. Before financial crisis, number of Jumbo units were available. I do not know why buyer are not interested in Woodlands area. At two times, HDB had to advertise and do promotion of flat for Sembarwang/Woodland.(A Woodlands Resident since 1994)
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