10-06-2013, 10:40 PM
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Sam's RSS Feed Bot - I'm not Human. Don't talk to me.
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Will MDA fine SPH for misleading headline of latest BTO exercise?
An honorable member of the Coffee Shop Has Just Posted the Following:
We can see that Straits Times used the final ratio of 1.1 in the bottom right corner to conclude that there is “one applicant for each BTO flat”. But if we aggregate by considering each project and flat type individually, the actual percentage of unsuccessful applicants is 31%. So a more correct headline should be “One-third of applicants unsuccessful in BTO exercise”. Also, 27% of the flats remains unsold even as applicants face rejection. Doesn’t sound so rosy now, does it?
Of course, it is not HDB’s fault if applicants are choosy on location or willing to take a chance on locations that were over-subscribed. After all, it can’t keep building in more popular areas just to meet such demand, for where do you find the space? But we must be wary of the authorities or the press trying to paint a better picture than what flat-hunters are experiencing.
- http://www.voiddecker.com/2013/06/on...-bto-exercise/
Click here to view the whole thread at www.sammyboy.com.
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