Lowering BTO prices and ignoring land costs will end up hurting Singaporeans: Sim Ann
SINGAPORE – Drastically lowering prices of Build-to-Order (BTO) flats, to the extent of disregarding land costs, would only end up hurting all Singaporeans instead of helping them, said Senior Minister of State for National Development Sim Ann.
As state land forms part of the nation's reserves, not paying back the fair market value of the land would, in effect, run down the value of the reserves, "to the detriment of current and future generations", said Ms Sim in a Facebook post on Sunday (Dec 11) evening.
……Singapore Property Government
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Userhqhg 17/12/2022
I only know lowering their salary will end up hurting them
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