Cost-plus pricing

During the years before 1980, the government sold HDB flats based on cost of construction. The flats were affordable. They have to be sold back to the HDB at the controlled prices.

The HDB shops were also rented at low cost.

This was before the days of "asset enhancement".

I prefer the system of housing and shops being sold at cost of construction. This allows the cost of living to be kept low.

This is an example of cost-plus pricing, rather than market pricing.