02 Jul '11, 8am

DBSS profit miscalculations in BT article: Khaw responds

Minister for National Development Khaw Boon Wan (above) has taken to his blog, Housing Matters, to respond to the errors and inaccurate figures used in a recent Business Times (BT) article. -- ST PHOTO: JOYCE FANG MINISTER for National Development Khaw Boon Wan has taken to his blog, Housing Matters, to respond to the errors and inaccurate figures used in a recent Business Times (BT) article. In the post published on Saturday, titled 'Startling But False', he corrected the errors made in the Business Times article. He wrote: 'I have been in MND for 5 weeks, and not sleeping well. I am working my guts out to try to calm the market, for the good of all Singaporeans.' In the article published on Thursday (June 30), the Business Times wrote that the Design, Build and Sell Scheme (DBSS) developer's profit margin for Centrale 8 was 76 per cent. Mr Khaw says the actual profit mar...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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