tag:blogger.com,1999:blog-29543951.post1565040327792199331..comments2023-08-03T15:50:36.019+08:00Comments on THINK HAPPINESS: The moral hazard of DBSSDharmendra Yadavhttp://www.blogger.com/profile/17567869679628318815noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-29543951.post-20059735671503708622011-06-24T10:28:49.005+08:002011-06-24T10:28:49.005+08:00"The CPIB should step in to interview the who..."The CPIB should step in to interview the whole lot..."<br /><br />There is no nepotism, cronyism or any kind or corruption - only meritorious people are involved and if they are making too much, a salary review committee will be set up or the asking price will be reduced, as the case may be. The Singapore system is the best and it will get better with Tony Tan as President.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29543951.post-67855908861866528742011-06-23T21:34:58.028+08:002011-06-23T21:34:58.028+08:00@kojakbt,
You're going to put up this article...@kojakbt,<br /><br />You're going to put up this article in Temasek Review, right?<br /><br />Like any respectable person, Dharmendra will never allow his name to be soiled by associating with that extremist and xenophobic site.<br /><br />Nevertheless, I won't be surprised if this article is eventually put up there without any permission.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29543951.post-78626900973357010932011-06-23T19:17:54.857+08:002011-06-23T19:17:54.857+08:00Let me suggest another type of 'hazard' -...Let me suggest another type of 'hazard' - the corrupt sort. In my books, it is impossible for the HDB to come up with such a scheme without collusion involved. The CPIB should step in to interview the whole lot - HDB and developer!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29543951.post-84587404687065023972011-06-23T16:47:50.918+08:002011-06-23T16:47:50.918+08:00Great write-up. Can I get your permission to publi...Great write-up. Can I get your permission to publish this article on other sites? :)<br /><br />KojakbtKojakbthttps://www.blogger.com/profile/06938593018212833366noreply@blogger.comtag:blogger.com,1999:blog-29543951.post-38994063200723182622011-06-23T09:35:43.752+08:002011-06-23T09:35:43.752+08:00If we take your start point that DBSS is private s...If we take your start point that DBSS is private sector development of PUBLIC housing, the "overpricing" in question (regardless of whether fact or perceived) is a guaranteed outcome. "Moral hazard" implies altruistic behaviour by the developer is the norm. There is no moral hazard here. <br /><br />As for the illustration, to say "if your car is stolen, you will be paid Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29543951.post-39480176445092695542011-06-23T09:27:18.405+08:002011-06-23T09:27:18.405+08:00Spot on Great Expectations.
I think the whole fia...Spot on Great Expectations.<br /><br />I think the whole fiasco is due to the wrong expectations of the government/HDB. When the tender for the land was awarded, the expectation from the government agency is that it is for public housing - hence the relatively low price of around $280psf.<br /><br />However, by using private developer for public housing, and not setting price ceiling, it is Thehttps://www.blogger.com/profile/02941744057903049051noreply@blogger.com