The Straits Times
www.straitstimes.com
Published on Dec 31, 2012
 

How much in subsidies do EC buyers get?

 
 

WOULD the Government let the public know how much imputed subsidy in land cost the buyer of the $2.05 million presidential suite at CityLife@Tampines would receive ("Tampines EC 'presidential suite' to be priced at $2.05m"; last Thursday)?

As a taxpayer, I am deeply concerned about the inequitable distribution of subsidies.

Also, it seems to me that nimble and fleet-footed developers are dancing circles around our Government, whether in the executive condominium or the Design, Build and Sell schemes.

Heng Ngee Hai