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HDB gives BTO cost breakdown; says pricing not linked to development cost
HDB provides the breakdown of costs of building new BTO flats in FY2021/22, following parliamentary questions over the pricing and development costs of such flats.
Costs HDB incurred in FY2021/22 vs the previous year
⇧74% - Land costs (S$3.17 billion)
⇧80% - Building development costs (S$2.08 billion)