HDB & URA’s car parks’ income over $600m?

Photo by mailer_diablo, Creative commons BY-SA 3.0

June 23, 2016

HDB’s car parks’ income $595m?

After writing “Public parking rates increase = more profits?” (Jun 22), I looked at the HDB’s financial statements and found that its income from car parks for the year ended 31 March 2015, was $595.2 million.

HDB’s car parks’ income keeps increasing?

This is an increase of $72.3 million from 2010’s $522.9 million.

I am unable to find the income from car parks for the URA.

HDB & URA’s car parks’ income over $600m?

The combined income from car parks of the HDB and URA may be well over $600 million a year.

Given this large sum – what is the justification for wanting to increase public car parking rates?

Transport revenue in the billions?

Not forgetting that revenue from Electronic Road Pricing (ERP), Certificate of Entitlement (COE), vehicle and petrol taxes, road tax, etc, may be in the billions in a year.

Leong Sze Hian

About the Author

Leong

Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications.