Sunday, 6 September 2015

Singapore GE2015: Misinformation on AHPETC’s Managing Agent Fees

Misinformation on AHPETC’s Managing Agent (MA) Fees

Articles have been circulating on HWZ, TOC and even Roy Ngerng’s page claiming that AHPETC’s managing agent’s (MA) fee are not high. The writers go to great lengths to show what appears to be empirical proof. While on the surface their calculation appears logical, it is fundamentally flawed.

TOC’s publication of the article is not unexpected as they are known to be the mouth piece of the Workers’ Party. And since the WP is literally on the ropes after it was made known that FMSS, their former MA, was suing AHPETC for $3.5m, they needed a distraction.

Number 1: First of all, Town Councils manage only HDB estates. Hence, using the number of electorate as the basis for deriving their average-per-constituent cost is flawed. If we were to actually compare apples to apples, the correct cost per user would show that AHPETC was still significantly higher than any of the other Town Councils.


Number 2: How can you delink management fees to determine cost. This is businessmen call salami slicing. To get an accurate cost analysis, the total cost to deliver the service must be factored in. So this is the actual cost to residents:

AHPETC managing agent fees

So nice try TOC! Once again, you have shown your creative genius in how you continually try to mislead Singaporeans.

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